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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
  • Squatters slow Detroit's plan to bulldoze way to brighter future by razing thousands of homes

    Chris Mathews' crew showed up this month to demolish one of the thousands of vacant homes destined for demolition as part of Detroit's grand plan to bulldoze its way to prosperity when a call from his office stopped them in their tracks: Someone was...
  • Jury awards $5 million to funk legend Sly Stone in royalty lawsuit

    Funk legend Sly Stone was awarded $5 million on Tuesday in a breach-of-contract suit that claimed his business partners and his own company cheated him out of royalties. A Los Angeles Superior Court jury ruled for the 71-year-old performer in his...
  • Judge approves $20 million in new bankruptcy financing from Icahn for Trump Entertainment

    A federal judge in Delaware approved $20 million in new bankruptcy financing Wednesday for Trump Entertainment Resorts from billionaire investor Carl Icahn as the company continues to work to keep the struggling Taj Mahal casino in Atlantic City, New...
  • Westport parcels sell for $6 million

    Westport parcels sell for $6 million
    After years of legal wrangling, Baltimore developer Patrick Turner lost his Westport dream and land in a moment. More than 40 acres of waterfront sold Wednesday for $6 million after a sole bid from the group that filed for foreclosure against Turner in...
  • Atlantic City emergency manager to earn $135K

    ATLANTIC CITY, N.J. — Atlantic City, awash in debt and choking on high taxes, has a state-appointed emergency manager who'll be paid $135,000 a year to, among other things, oversee the mayor, who makes $103,000. The goal: To save money. In...
  • AT&T buying Nextel Mexico from NII Holdings; deal expected to close mid-2015

    AT&T is buying Nextel Mexico from NII Holdings for about $1.88 billion, minus the company's debt. The deal will give AT&T Inc. companies that operate under the name Nextel Mexico and hold all of the wireless properties in Mexico held by NII Holdings Inc....
  • Bankruptcies

    Bankruptcies
    Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: All American Auto Interior LLC, 1749 Popwell Trail, Holly Hill. Filed: Jan. 15. Assets: $200. Liabilities: $35,...
  • Sparrows Point furnace implosion planned for Wednesday

    Sparrows Point furnace implosion planned for Wednesday
    The most visible vestige of Sparrows Point's steelmaking past will tumble to the ground Wednesday afternoon as workers implode the property's L Blast Furnace. Workers have been planning for months to bring down the furnace with explosives, part of the...
  • Westport parcels to go to auction Wednesday

    Westport parcels to go to auction Wednesday
    A roughly 43-acre group of waterfront properties in Westport is slated to go to foreclosure auction Wednesday, opening up new possibilities for the land, once proposed for an ambitious development of homes, offices and shopping, with new ownership. It...
  • Orlando-based Ponzi scheme targeted Italian investors, feds allege

    Orlando-based Ponzi scheme targeted Italian investors, feds allege
    Federal agents seized property in Orlando, Windermere and Aventura on Monday, outlining allegations of a Ponzi scheme that ripped off Italian investors. Attorneys representing victims in civil lawsuits said the scheme includes at least 100 people,...
  • American Airlines posts record 4Q just 1 year out of bankruptcy, plans big stock buybacks

    American Airlines is logging record profits and rewarding shareholders just one year removed from bankruptcy court and a big merger. The airline is getting a huge lift from cheaper fuel — savings could top $5 billion this year — and travel...