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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
  • Showboat gambling to cease on Aug. 31; Revel to close two days later

    Showboat Atlantic City will end gambling operations on Aug. 31 at 4 p.m., according to an order by the New Jersey Division of Gaming Enforcement approving closing plans for the casino that employed 2,133 last month. Gamblers will have another hour, until...
  • Will PPL spinoff Talen Energy bolt Allentown?

    Allentown is engaged in a high-stakes effort to keep PPL Corp.'s soon-to-be-created power generation and marketing spinoff company Talen Energy in its Neighborhood Improvement Zone. In a July filing with the Federal Energy Regulatory Commission, which...
  • Even with flood insurance, basements are sunk

    Sometimes I think that Fate has it in for my hometown. Detroit has suffered through the oil embargo of the 1970s, the recessions of every decade since, and now, the epic biggest-ever municipal bankruptcy of all time. Plus, during all that time: the...
  • L.A. commercial property landlord Evoq is sold for $357.4 million

    Los Angeles commercial property landlord Evoq Properties Inc. has agreed to be sold for $357.4 million to a group of investors led by Atlas Capital Group of New York. Evoq owns several downtown Los Angeles properties including vacant land ripe for...
  • Hot Dog on a Stick is purchased from bankruptcy for $12.2 million

    Hot Dog on a Stick is purchased from bankruptcy for $12.2 million
    Mall snack staple Hot Dog on a Stick has been purchased from bankruptcy by a portfolio company of Los Angeles private equity firm Levine Leichtman Capital Partners. The firm's Global Franchise Group has bought HDOS Enterprises, parent company of the...
  • Prayers for Atlantic City as closings, layoffs loom

    ATLANTIC CITY, N.J. Members of the clergy locked arms as they led a march of about 400 Unite Here Local 54 members in "a prayer vigil for Atlantic City's service economy" on Wednesday night. "This is union territory," the casino workers chanted as they...
  • Chips are down for Atlantic City's hard-luck Revel Casino

    (Reuters) - When the $2.4 billion Revel Casino opened its doors in 2012, the curvy blue-glass tower was hailed as the wave of the future for Atlantic City, New Jersey. But only two years later, with the announcement that it will close next month while...
  • Federal grand jury investigating Exide Technologies over Vernon plant

    A federal grand jury is investigating Exide Technologies, the company under scrutiny for emitting high levels of harmful pollutants from its battery recycling plant in Vernon, according to a financial disclosure filed this week. On Aug. 8, Exide...
  • Shoddy U.S. roads and bridges take a toll on the economy

    Shoddy U.S. roads and bridges take a toll on the economy
    It was a beautiful May afternoon when Donnel Gomes took his week-old silver Mercedes for a spin into the city. He turned onto Broad Street, a main thoroughfare downtown, and … kaboom! The car fell into a huge pothole, blowing its right tire,...
  • Shrinking would untangle regulation: Front Burner

    The idea that some banks are "too big to fail" became common in 1984 when Continental Illinois was on the brink of failure. The seventh-largest bank in the U.S. at the time, Continental Illinois had $40 billion in assets, but many of those assets were bad...
  • Exide hit with federal grand jury subpoena over Vernon battery plant

    Exide hit with federal grand jury subpoena over Vernon battery plant
    A federal grand jury is investigating Exide Technologies over emissions of¬†harmful pollutants from its Vernon battery recycling plant, according to a¬†financial disclosure filed this week. Exide on Aug. 8 received a “grand jury subpoena from the...