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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
  • Detroit workers, retirees give bankruptcy plan a boost

    Detroit workers, retirees give bankruptcy plan a boost
    (Reuters) - Detroit will head into the critical phase of its historic bankruptcy case next month with the backing of an overwhelming majority of its active and retired workers and with opposition from a small, hard-core group of hold-out creditors. It...
  • U.S. Appeals Court Rules Against Travelers In $500 Million Asbestos Case

    A federal appeals court on Tuesday ordered The Travelers Cos. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer's coverage of insulation maker Johns-Manville Corp, a policyholder that spent six years in...
  • Detroit bankruptcy pension cuts approved, with only half casting votes

    Detroit’s current and retired city employees have overwhelmingly voted to support a path out of bankruptcy that will include cuts to their pensions, the city said. After a two month campaign both for and against the city’s bankruptcy plan,...
  • Obama's veterans agency nominee vows corporate-style discipline

    WASHINGTON (Reuters) - U.S. President Barack Obama's nominee to fix the Department of Veterans Affairs pledged on Tuesday to bring corporate-style discipline and accountability to the troubled agency plagued by healthcare delays and accusations of...
  • Tax breaks for veterans unfair to other retirees [Letter]

    Tax breaks for veterans unfair to other retirees [Letter]
    As a 67-year-old retiree living in Maryland my whole life I am sick and tired of politicians picking winners and losers ("Hogan tells veterans he would eliminate state income tax on military pensions July 16). As one of the tens of thousand of Bethlehem...
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...
  • Detroit suspends water shutoffs for 15 days

    DETROIT The Detroit Water and Sewerage Department is suspending its water shutoffs for 15 days starting Monday to give residents another chance to prove they are unable to pay their bills. "In case we have missed someone who has legitimate...
  • Puerto Rico seeks dismissal of U.S. bond funds' lawsuit

    (Reuters) - The U.S. commonwealth of Puerto Rico asked a federal court to dismiss as premature a lawsuit filed by U.S. mutual funds that sought to strike down a recently enacted Puerto Rican law that the funds said posed a threat to American investors....
  • 5 things to know about new Preds owner David Siegel and his plans for the team

    5 things to know about new Preds owner David Siegel and his plans for the team
    Yes. He's the guy from that documentary. "The Queen of Versailles," a 2012 film documentary, followed time-share mogul David Siegel and his wife, Jackie. It showed Siegel's major financial troubles following the 2008 economic crises, which halted...
  • Thai Airways reform to test business credentials of military government

    BANGKOK (Reuters) - Thailand's new military rulers have singled out the country's troubled flagship airline as the first state enterprise to undergo reform, an exercise that will test their unproven business acumen and ability to separate politics from...
  • How to escape the medical care debt trap

    How to escape the medical care debt trap
    The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit. It's medical expenses. An analysis this year by NerdWallet Health found that about 60% of all bankruptcies are health related. And a...