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Bankruptcy

A collection of news and information related to Bankruptcy published by this site and its partners.

Top Bankruptcy Articles

Displaying items 12-22
  • Rotering: Rauner budget would 'rescue state finances ... on our backs'

    Rotering: Rauner budget would 'rescue state finances ... on our backs'
    Highland Park officials are railing against one piece of Gov. Bruce Rauner's proposed budget fix for the state's precarious finances: a 50 percent cut in the local government share of the state income tax revenues. Mayor Nancy Rotering decried the...
  • Congress should help Puerto Rico go bust the American way

    The following editorial was written by Bloomberg View editors: In an ideal world, Puerto Rico would be bankrupt. Instead, it is sliding toward something far more dangerous and uncertain and President Barack Obama and Congress need to intervene. On...
  • OneWest Bank takeover deal to be debated at hearing

    OneWest Bank takeover deal to be debated at hearing
    CIT Group's $3.4-billion takeover of Pasadena's OneWest Bank will come under scrutiny today at a public-benefit hearing called by U.S. bank regulators. The Federal Reserve and the Office of the Comptroller of the Currency scheduled the hearing at the...
  • Time to sever fiscally irresponsible Greece from its EU lifeline

    Instead of extending Greece's credit line for another four months, European officials should have cut Greece off from the financial lifeline it's been abusing. It would have sent the right message to other spendthrift governments, such as Italy, Portugal...
  • Appeals court won't toss ex-Dodgers owner's divorce deal

    A California appeals court has refused to overturn a financial settlement between former Los Angeles Dodgers owner Frank McCourt and his ex-wife, who argued that McCourt misled her about the value of the team and television broadcast rights. The...
  • Commentary: Campaign hit pieces distort taxpayer-friendly record

    One of the major reasons that good citizens do not run for public office is that they don't like the negativity seen in most campaigns. A more troubling concern is when the mudslinging is inaccurate. I got involved in public service after Orange County...
  • March 4 hearing set to consider (latest) Revel sale

    A bankruptcy court judge will decide next week whether Atlantic City's former Revel casino should be sold to a Florida developer. The March 4 hearing will be the third time Judge Gloria Burns will have approved the casino's sale — and the second...
  • Illinois' financial woes

    I have to agree with Gov. Bruce Rauner. What happens when you spend more than you earn every year? You end up where Illinois is right now. Bankruptcy is one solution, but Illinois Speaker of the House Michael Madigan and Illinois Senate President John...
  • Lumber Liquidators warns of possible criminal charges

    Lumber Liquidators shares plummeted Wednesday after the floor retailer warned it may face criminal charges and be the subject of an upcoming "60 Minutes" segment. The company also reported disappointing results for its fourth quarter. Lumber Liquidators...
  • A first-timer bar-crawls through Horseshoe Casino

    A first-timer bar-crawls through Horseshoe Casino
    Since opening six months ago, the Horseshoe Casino has illuminated downtown like a beacon of ... well, what exactly? There are plenty of questions surrounding the Horseshoe Casino's economic viability (the division of Caesars Entertainment Corp. that...
  • Jeweler Levinson found dead after texting suicide note

    Jeweler Levinson found dead after texting suicide note
    A prominent Las Olas jeweler who rubbed elbows with celebrities, supported charitable causes and chummed around with one of South Florida's biggest Ponzi schemers took his own life Tuesday, authorities said. Mark Levinson sent his suicide note in an...