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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
  • Creditor reaches Detroit bankruptcy deal, issues apology

    DETROIT Detroit's stiffest bankruptcy opponent reached a comprehensive settlement with the city and issued a formal apology Monday for accusing bankruptcy mediators of "naked favoritism" a turn that places Detroit within a stone's throw of achieving an...
  • Atlantic City's Trump Plaza casino closes this week

    Atlantic City's Trump Plaza casino closes this week
    Vidilia Ormolea stayed true to her favorite casino here to the bitter end, squeezing in a final visit to Trump Plaza on Sunday — despite peeling wallpaper in the hotel rooms and other signs of a years-long decline. The friendly staff kept her...
  • Will Mortgage Debt Relief Be Taxable?

    Congress is back from its summer vacation, so the burning financial question on thousands of homeowners' minds right now is this: Are you guys finally going to help out consumers who are underwater on their mortgages, many of whom face crushing federal...
  • Bankrupt San Bernardino, California, can cut firefighter benefits, judge says

    RIVERSIDE Calif. (Reuters) - The city of San Bernardino, California, may impose cuts to its firefighters overtime and pension benefits in a bid to reach a bankruptcy exit plan, the federal judge overseeing the case said on Thursday. In a tentative...
  • Tolland Public Works Director's Wife Accused Of Stealing $10,400 From Town Of Tolland

    VERNON — Lori Langlois, the wife of Tolland's public works director, submitted phony or inflated invoices to the town of Tolland that netted her $10,400, according to the warrant for her arrest, which was filed Tuesday in Superior Court in...
  • RadioShack CFO resigns; AlixPartners MD named interim CFO

    RadioShack CFO resigns; AlixPartners MD named interim CFO
    Struggling electronics retailer RadioShack Corp., which is teetering on the brink of bankruptcy, said John Feray resigned as chief financial officer last week. The company said on Monday it named AlixPartners LLP managing director Holly Etlin as interim...
  • Detroit reaches settlement with key creditor in bankruptcy case

    A key opponent of Detroit's plan to reduce its debt has reached a final settlement with the city, a significant step that could allow the municipality to emerge from bankruptcy protection. In a court filing Monday, lawyers for Syncora Holdings Ltd.'s...
  • Creditor Syncora reaches Detroit bankruptcy deal, issues apology

    DETROIT Detroit's stiffest bankruptcy opponent a bond insurer called Syncora reached a comprehensive settlement with the city of Detroit and issued a formal apology for accusing bankruptcy mediators of "naked favoritism." The remarkable development...
  • RadioShack stumbles down road taken by many failed U.S. retailers

    RadioShack stumbles down road taken by many failed U.S. retailers
    RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy. They often liquidate and go out of business. Founded in 1921, the...
  • Revel has a buyer — for $90 million in cash

    Revel has a buyer — for $90 million in cash
    Revel AC Inc. said in a bankruptcy court filing that it had reached a deal to sell its $2.4 billion Atlantic City property to South Florida developer Glenn Straub for $90 million in cash. The deal was reached Friday, according to the late Wednesday...
  • RadioShack reports big loss, says bankruptcy is possible

    RadioShack reported a big loss for its second quarter on plunging sales Thursday and warned that it may have to file for Chapter 11 bankruptcy if it cannot obtain new financing. For the 13-week period ended Aug. 2, the company reported a loss of $137.4...