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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 34-44
  • Massive, vacant resort in West Orange to be auctioned

    Massive, vacant resort in West Orange to be auctioned
    A vacant 890-unit resort in west Orange County, one of Central Florida's biggest remaining skeleton developments from the Great Recession, is set to be auctioned at 11 a.m. in Orlando on Tuesday. Called the Grande Palisades, the condo resort has been...
  • Families in Blue Mountain Consumer Discount collapse squabbling over settlement

    Families in Blue Mountain Consumer Discount collapse squabbling over settlement
    A feud has erupted between investors who lost money in the multimillion-dollar collapse of Blue Mountain Consumer Discount Co., a Wind Gap loan company that lawsuits charge was really a Ponzi scheme. The source of the discord? A $1.2 million proposed...
  • Groups urge U.S. to reject CIT takeover of OneWest Bank

    Groups urge U.S. to reject CIT takeover of OneWest Bank
    Two major community advocacy groups called on federal regulators to reject CIT Group Inc.'s proposed $3.4-billion takeover of Pasadena's OneWest Bank, contending that the bankers are catering to the rich and neglecting lower-income California borrowers....
  • In GM bankruptcy, an ex-con and hedge funds find common ground

    NEW YORK (Reuters) - Roger Dean Gillispie, a former General Motors security guard, spent 20 years in an Ohio prison for rape until a federal court ordered him released in 2011. Now he wants to sue GM for allegedly helping to frame him, and he's getting...
  • The only way to save Illinois is to break it

    After retiring five years ago, my wife and I moved from Texas to Naperville. We had heard good things about Naperville from friends and neighbors in Texas, and we now love living there.   However, we did not know back then what a bankrupt and corrupt...
  • Judge rules AriZona iced tea co-founder, son owed $1 billion for buyout

    NEW YORK (Reuters) - A New York state judge ruled on Tuesday that the privately held producer of AriZona iced tea should pay about $1 billion to buy out the half of the beverage maker owned by the co-founder and his son. Nassau County Supreme Court...
  • RV sales accelerate as recovery gains traction

    MILWAUKEE Sales of travel trailers and motor homes continue to improve, with demand for some models nearing the peak volume before the recession, a Robert W. Baird & Co. report shows. Dealers reported solid retail trends in motor-home sales, up about...
  • Fed's Lacker says government rescues of financial firms must stop

    (Reuters) - U.S. regulators need to complete a comprehensive bankruptcy program implementation to allow large financial institutions to unwind in the event they fail, rather than depend on government interventions, a top Fed official said on Friday....
  • Blue Mountain Consumer Discount owner, son face tax charges

    The owner of a Wind Gap loan agency that collapsed in 2010 amid allegations that it was a Ponzi scheme has been charged in federal court with helping his son falsify an income tax return. For dozens of investors who lost millions through Blue Mountain...
  • Not all the dots connect on new Quinn attack ad against Rauner business deal

    Not all the dots connect on new Quinn attack ad against Rauner business deal
    Gov. Pat Quinn on Monday launched a new ad attacking a business deal of Republican challenger Bruce Rauner, though the dots the Democrat uses to attack the Republican don’t necessarily connect. The new ad focuses on HomeBanc Mortgage Corp.,...
  • Former Blackhawk Rene Bourque buys Roscoe Village home

    Former Blackhawk Rene Bourque buys Roscoe Village home
    Former Chicago Blackhawks right-wing Rene Bourque, who skates for the Montreal Canadiens, paid $1.5 million for a newly constructed house in the Roscoe Village neighborhood. "He loves it here. He loves the city," Bourque's sports agent, Ben Hankinson,...