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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 45-55
  • Jury: Billionaire looted mining firm; trial eyed huge home

    Billionaire Ira Rennert plundered a now-bankrupt mining company to pay for personal luxuries, jurors found Friday after a trial that spotlighted one of the world's biggest private homes. A Manhattan federal jury levied $118 million in damages against...
  • Parliament House emerges from bankruptcy

    Parliament House emerges from bankruptcy
    The owner of Parliament House, a gay-themed resort on Orlando’s west side, has emerged from bankruptcy after shedding millions in debts. The resort has plans to refinance, renovate and expand, said R. Scott Shuker, the resort’s bankruptcy...
  • Drag queen reality show heads to Parliament House, owner says

    Drag queen reality show heads to Parliament House, owner says
    Don Granatstein says the gay-themed Parliament House resort is about to be reborn, with the help of a reality TV show about drag queens. Yes, Granatstein and his wife Susan have been planning the rebirth of Parliament House for years. But it appears the...
  • Christie: Transportation fund 'not a crisis at the moment'

    New Jersey drivers bracing for an increase in the state's gas tax might have gotten a reprieve until 2016. That's because Gov. Chris Christie says the state's transportation trust fund has enough cash to run through June 2016, not June 2015 as many...
  • Hard Rock: We'll be open as long as Taj Mahal casino is

    Atlantic City's Hard Rock Cafe will remain open as long as the casino in which it operates does, the restaurant said Thursday after warning that it may close. The restaurant and bar in the Trump Taj Mahal filed a warning notice late Wednesday with the...
  • Power plant seeks to block Revel sale, liquidate property

    A power plant at the heart of two failed deals to sell Atlantic City's former Revel casino is seeking to block the latest attempt to sell the property. ACR Energy Partners wants a bankruptcy court judge to cancel the latest proposed sale to a Florida...
  • Q&A: What's next for Prime Healthcare, Daughters of Charity hospitals

    Q&A: What's next for Prime Healthcare, Daughters of Charity hospitals
    Six struggling Catholics hospital in California are up for sale, and their future is in the hands of a fast-growing hospital chain based in the Inland Empire.  Prime Healthcare Services Inc., a for-profit company with headquarters in Ontario, has...
  • Rotering: Rauner budget would 'rescue state finances ... on our backs'

    Rotering: Rauner budget would 'rescue state finances ... on our backs'
    Highland Park officials are railing against one piece of Gov. Bruce Rauner's proposed budget fix for the state's precarious finances: a 50 percent cut in the local government share of the state income tax revenues. Mayor Nancy Rotering decried the...
  • Puerto Rico seeks protection of federal bankruptcy code

    Puerto Rican officials sought Thursday to convince U.S. legislators that the island's financially struggling public corporations should be allowed to restructure their debt under the federal bankruptcy code. The push comes after a federal judge ruled...
  • Congress should help Puerto Rico go bust the American way

    The following editorial was written by Bloomberg View editors: In an ideal world, Puerto Rico would be bankrupt. Instead, it is sliding toward something far more dangerous and uncertain and President Barack Obama and Congress need to intervene. On...
  • OneWest Bank takeover deal to be debated at hearing

    OneWest Bank takeover deal to be debated at hearing
    CIT Group's $3.4-billion takeover of Pasadena's OneWest Bank will come under scrutiny today at a public-benefit hearing called by U.S. bank regulators. The Federal Reserve and the Office of the Comptroller of the Currency scheduled the hearing at the...