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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
  • Stockton bank robbery: Dramatic video captures heavy gunfire

    A dramatic video has emerged recording the long gun battle between police and the Stockton bank robbery suspect, an exchange that left three dead. The video shows police cars racing to where the suspects' vehicle was stopped. For part of the video,...
  • U.S. hedge fund charts recovery plan for American Apparel

    (Reuters) - Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that...
  • Detroit Institute of Arts secures $26.8 mln for bankruptcy bargain

    July 16 (Reuters) - The Detroit Institute of Arts said on Wednesday it has secured another $26.8 million in pledged donations to cover its portion of the "grand bargain" intended to help Detroit emerge from bankruptcy while sparing a sale of the museum'...
  • Detroit art sale could bring less than half collection's value: expert

    Detroit art sale could bring less than half collection's value: expert
    (Reuters) - The Detroit Institute of Arts collection may be worth as much as $4.6 billion, but a sale of art works would raise less than $2 billion to pay the bankrupt city's creditors, according to a report released on Wednesday. Michael Plummer, an art...
  • A Crumbs revival: Lemonis to reopen select stores in L.A., elsewhere

    A Crumbs revival: Lemonis to reopen select stores in L.A., elsewhere
    The closed Crumbs Bake Shop Inc. store on Larchmont Boulevard in Los Angeles, along with a handful of others across the country, soon will be back in business -- with a new line of desserts as part of a revamped game plan. The new Crumbs will offer...
  • The death of Damaud Martin: Looking but not seeing [Editorial]

    The death of Damaud Martin: Looking but not seeing  [Editorial]
    The death of a severely disabled foster child earlier this month while under the care of a group home in Anne Arundel County that Maryland health regulators were in the process of shutting down inevitably raises the question of whether the boy's life...
  • Feds allege Blue Mountain Consumer Discount manager used loan money for himself

    For the better part of three decades, Walter "Buddy" Lambert was a guy people in the Slate Belt could trust to make their nest eggs grow. Couples and widows gave Lambert shares of their inheritances, life insurance payouts, legal settlements and...
  • 07/14: Bankruptcies

    Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: Absolute Carpet & Furniture Cleaning Inc., 2769 Monte Carlo Drive, Eustis. Filed: July 2. Assets: $145....
  • Madoff sons took millions for real estate, trustee alleges

    NEW YORK (Reuters) - Bernard Madoff's sons created accounts out of thin air and engineered sham loans to buy pricey Manhattan real estate as they diverted tens of millions of dollars of money from their father's firm, a court-appointed trustee said on...
  • Crumbs cupcake shops could re-open some locations

    Crumbs cupcake shops could re-open some locations
    Could Crumbs cupcakes be saved by Dippin' Dots? Just days after the financially troubled Crumbs Bake Shops Inc. closed all 48 stores, including three at malls in the Baltimore area, the New York specialty chain stands to be acquired as part of a...
  • NTSB faults Washington state, trucking firm in bridge collapse

    WASHINGTON A series of safeguards failed to prevent an oversize truck from hitting a low-clearance bridge on Interstate 5 in Washington state last year, leading to the collapse of one of its spans, federal safety investigators concluded Tuesday. The...