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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
  • With Lady Luck no longer at its side, Revel casino details closure plan

    As hopes for a last-minute buyer dim, Atlantic City's Revel casino has laid out its closure plans — from disposing of opened bottles of alcohol to cashing unredeemed poker chips. The plans detailed in court documents mark the end of a $2.4 billion...
  • Who's minding public pensions?

    In September 2012, Gov. Jerry Brown signed into law a modest pension reform measure that tried to close some of the loopholes that could inflate pensions. Last week the board of the California Public Employees' Retirement System, or CalPERS, diluted...
  • Investors offer $4B loan to bankrupt Detroit with art museum as collateral

    DETROIT An investor group offered to loan the City of Detroit as much as $4 billion up from a $2 billion offer in April to help the city pay off creditors, reinvest in services and emerge from Chapter 9 bankruptcy. But the deal would require the city...
  • Bankrupt Detroit offered bigger loan secured by art

    (Reuters) - A New York-based specialty finance group is ready to loan Detroit as much as $4 billion, double its previous offer, if the bankrupt city uses the masterpieces in its art museum as collateral, according to a new proposal that surfaced this...
  • Ex-NFL star Warren Sapp joins fantasy sports start-up Rivalry Games

    Ex-NFL star Warren Sapp joins fantasy sports start-up Rivalry Games
    Football Hall of Famer and NFL Network analyst Warren Sapp has invested in and accepted a position at a fantasy sports start-up located in Santa Monica. A friend of a friend introduced the former Tampa Bay Buccaneers and Oakland Raiders defensive tackle...
  • GM to move Cadillac SRX production from Mexico to Tennessee

    General Motors will move production of the next-generation Cadillac SRX crossover from Mexico to Spring Hill, Tenn., where it will invest $185 million to expand assembly and engine production. The investment gives new life to the site first developed...
  • PwC must face $1 billion lawsuit over MF Global advice

    NEW YORK (Reuters) - A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by...
  • Harrisburg, Penn. treasurer allegedly embezzled from nonprofit

    HARRISBURG Pa. (Reuters) - The treasurer of Harrisburg, Pennsylvania's capital city which nearly went bankrupt three years ago, on Tuesday was accused by prosecutors of embezzling from a nonprofit organization he ran. John Campbell, 26, who was elected...
  • Detroit water shut-offs for overdue bills to begin once more

    More than a month after Detroit was criticized for turning off water to people who had not paid their bills, the water shut-offs are beginning again. Mayor Mike Duggan had imposed a monthlong moratorium on the shut-offs, which left thousands of people...
  • Detroit, hold-out creditors must go to bankruptcy mediation: judge

    (Reuters) - Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city's historic bankruptcy case. The move followed a Monday hearing before U.S. Bankruptcy...
  • Einstein Academy moves planned opening to 2015

    Albert Einstein Academy, a charter school that offers Hebrew and other languages and was slated to open this month in Tamarac, will not open until next year at a different Broward County location. Rabbi Mark Blazer, who started the Albert Einstein...