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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
  • Wylys' lawyer warns SEC's $729 million claim would bankrupt them

    NEW YORK (Reuters) - A lawyer for Texas tycoon Sam Wyly and his late brother Charles' estate told a federal judge on Friday that a U.S. securities regulator's demand for $729 million in damages for a fraudulent offshore scheme would "bankrupt" them....
  • Detroit's $1.8 billion refunding bonds priced in muni market

    (Reuters) - Detroit completed the pricing on Tuesday of $1.8 billion of water and sewer refinancing bonds related to a tender offer aimed at dealing with a big chunk of the bankrupt city's debt. A day after receiving approval from a federal judge...
  • Harrisburg treasurer charged with embezzlement

    HARRISBURG — The treasurer of Harrisburg, which nearly went bankrupt three years ago, on Tuesday was accused by prosecutors of embezzling from a nonprofit organization he ran. John Campbell, 26, who was elected in 2011, was charged with felony...
  • Harrisburg, Penn. treasurer allegedly embezzled from nonprofit

    HARRISBURG Pa. (Reuters) - The treasurer of Harrisburg, Pennsylvania's capital city which nearly went bankrupt three years ago, on Tuesday was accused by prosecutors of embezzling from a nonprofit organization he ran. John Campbell, 26, who was elected...
  • Detroit water shut-offs for overdue bills to begin once more

    More than a month after Detroit was criticized for turning off water to people who had not paid their bills, the water shut-offs are beginning again. Mayor Mike Duggan had imposed a monthlong moratorium on the shut-offs, which left thousands of people...
  • Detroit, hold-out creditors must go to bankruptcy mediation: judge

    (Reuters) - Detroit and its major hold-out creditors were ordered on Tuesday into mediation, just a week before a key federal court hearing is to start in the city's historic bankruptcy case. The move followed a Monday hearing before U.S. Bankruptcy...
  • HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

    NEW YORK (Reuters) - HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled. The complaint was...
  • Biz News: Cucina Enoteca opens at Fashion Island

    A new Fashion Island restaurant that caught on fire during construction opened Wednesday. Cucina Enoteca joins other recently opened, upscale restaurants at the shopping center, including Fig and Olive and Red O. The restaurant offers communal seating...
  • 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...
  • Greenberg Was Sued Many Times; Says Litigation By Tenants, Others Was Routine

    Greenberg Was Sued Many Times; Says Litigation By Tenants, Others Was Routine
    Mark Greenberg, the real estate multimillionaire who's challenging first-term incumbent U.S. Rep. Elizabeth Esty in the 5th Congressional District, has been sued dozens of times in claims ranging from injuries due to falls in his buildings, his alleged...