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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 23-33
  • RadioShack mulls $585 million financing package from UBS, Standard General: WSJ

    RadioShack mulls $585 million financing package from UBS, Standard General: WSJ
    (Reuters) - RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the...
  • Revel bidder: Distress is his business

    Glenn E. Straub, a South Florida investor, emerged from nowhere this week with his $90 million cash bid for Atlantic City, N.J.'s bankrupt Revel Casino Hotel. But for the last 20 years, Straub, 67, has made it his business to buy distressed properties...
  • Detroit end in sight as deals leave FGIC last major bankruptcy holdout

    DETROIT (Reuters) - With key players in Detroit's historic bankruptcy case locked in marathon mediation sessions, the pressure is on bond insurer Financial Guaranty Insurance Co., the last major holdout creditor, to settle with the city. Judicial...
  • Orion Pictures Label Returns for First Time in 15 Years

    LOS ANGELES (Variety.com) - Orion Pictures, the distributor of '80s and '90s independent hits such as "RoboCop," "The Terminator" and "The Silence of the Lambs," is making its first theatrical appearance in 15 years. "The Town That Dreaded Sundown," a...
  • Will Mortgage Debt Relief Be Taxable?

    Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out consumers who are underwater on their mortgages, many of whom face crushing federal...
  • Bankrupt San Bernardino, California, can cut firefighter benefits, judge says

    RIVERSIDE Calif. (Reuters) - The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday. In a tentative...
  • Revel has a buyer — for $90 million in cash

    Revel has a buyer — for $90 million in cash
    Revel AC Inc. said in a bankruptcy court filing that it had reached a deal to sell its $2.4 billion Atlantic City property to South Florida developer Glenn Straub for $90 million in cash. The deal was reached Friday, according to the late Wednesday...
  • RadioShack reports big loss, says bankruptcy is possible

    RadioShack reported a big loss for its second quarter on plunging sales Thursday and warned that it may have to file for Chapter 11 bankruptcy if it cannot obtain new financing. For the 13-week period ended Aug. 2, the company reported a loss of $137.4...
  • RadioShack says may file for bankruptcy

    RadioShack says may file for bankruptcy
    Troubled electronics retailer RadioShack Corp said it may need to file for bankruptcy protection if its cash situation worsens, after reporting its tenth straight quarterly loss. The company said it was also exploring other options, including a sale or...
  • Man pleads not guilty to fraud in 2012 U.S. meningitis outbreak

    BOSTON (Reuters) - A pharmacist who worked for the Massachusetts company that sparked a 2012 U.S. meningitis outbreak that killed 64 people pleaded not guilty on Thursday to the first criminal charges filed in the case. Glenn Adam Chin, 46, said in U.S....
  • RadioShack, running out of options, says it may file for bankruptcy

    RadioShack, running out of options, says it may file for bankruptcy
    Facing falling sales and accelerating losses, electronics retailer RadioShack Corp. warned it may file for bankruptcy. In a filing with the Securities and Exchange Commission, the Fort Worth company said Thursday it may need to file for Chapter 11 if...