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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
  • Former Chicago-area homebuilder gets prison for failing to pay taxes

    Former Chicago-area homebuilder gets prison for failing to pay taxes
    Dennis Weiss, a former homebuilder based in St. Charles, was sentenced to 2 1/2 years in prison Monday for failing to pay more than $1.27 million in federal income taxes and concealing business interests, according to a news release from the U.S....
  • Bitcoin exchange Kraken to help in Mt. Gox bankruptcy

    Bitcoin exchange Kraken to help in Mt. Gox bankruptcy
    U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year. Kraken, Payward's bitcoin...
  • Billionaire Sam Zell to write memoir, 'Gravedancer'

    Billionaire Sam Zell to write memoir, 'Gravedancer'
    Billionaire Sam Zell, former owner of the L.A. Times' former parent company, Tribune, who saw his purchase of the company drive it to bankruptcy, is writing a memoir to be titled "Gravedancer." Zell dubbed himself "grave dancer" more than 20 years ago...
  • Ex-Rush owner released to home confinement on fraud charges

    Ex-Rush owner released to home confinement on fraud charges
    The former owner of the Chicago Rush arena football team can live on house arrest at a friend's Gold Coast apartment while he awaits trial on fraud charges stemming from his ill-fated purchase of the team last year, a federal judge ruled Tuesday....
  • At Sparrows Point, implosion of blast furnace ends one era, starts another

    At Sparrows Point, implosion of blast furnace ends one era, starts another
    The 320-foot-tall blast furnace that once drove the steel-making operation at Sparrows Point will come crumbling down in dramatic fashion next month, the new owners announced Monday. Officials of Sparrows Point Terminal LLC said the furnace will be...
  • Bankruptcies

    Bankruptcies
    Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: R.A. Scott Construction Co., 2509 Bellevue Ave., Daytona Beach. Filed: Nov. 13. Assets: $542,121. Liabilities:...
  • Nov. 24 Letters: Hampton projects, Fort Monroe, veterans support, assault victim

    Debt in Hampton Once again, will the last person to leave Hampton please turn off the lights. For if the Hampton City Council continues to come up with costly, unneeded capital improvement projects, then the city is likely to wind up in bankruptcy...
  • Seasons at Bel Air sells for $80 million

    Seasons at Bel Air sells for $80 million
    A Harford County apartment complex that spent years in receivership has sold for $80 million, said the brokerage firm that worked on the deal. The 732-unit Seasons at Bel Air was purchased by Hampshire Properties, a privately-held Brooklyn-based real...
  • Delta's breakaway pilots' union struggles in attempt to replace existing union

    A group of Delta Air Lines pilots seeking to replace the current pilots' union at the U.S. carrier are struggling to win enough support.     The Delta Pilots Association (DPA) claims that nearly half of the airline's 12,000 pilots have at some time in...
  • Dish could drop NBCU/Comcast regional sports networks in more markets

    PHILADELPHIA Dish Network, the nation's third-largest pay-TV company, could drop NBCUniversal's regional sports networks in the Chicago, Washington, D.C., Sacramento and San Francisco areas on Dec. 1. The plan seems to be part of a broader strategy to...
  • Ex-Rush Arena Football League team owner arrested on federal fraud charges

     Ex-Rush Arena Football League team owner arrested on federal fraud charges
    When David Staral Jr. appeared out of nowhere to buy the Chicago Rush last year, he seemed to have everything it would take to turn around one of the struggling Arena Football League's marquee franchises. At just 34, Staral was full of youthful swagger,...