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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
  • States hit the brakes on road projects as federal fund goes broke

    WASHINGTON Instead of shifting into high gear during what is normally the peak of construction season, state transportation departments around the country are easing off the gas pedal as the federal Highway Trust Fund barrels toward insolvency sometime...
  • NextEra Energy bids to control Texas venture

    The parent company of Florida Power & Light Co. is looking to expand in Texas. NextEra Energy just increased its bid by $500 million to buy a majority stake in Oncor, which delivers electricity to about 3.5 million customers in north Texas. Oncor is a...
  • Report reveals 34 percent recovery for Detroit limited-tax GO bonds

    (Reuters) - Holders of Detroit's $164 million of unsecured, limited-tax general obligation bonds would only get 34 percent of their investment back under the city's debt adjustment plan, according to a consultant's report released on Thursday. The 34...
  • Scott taps outside counsel to litigate in Crist's failed Digital Domain deal

    Scott taps outside counsel to litigate in Crist's failed Digital Domain deal
    TALLAHASSEE -- Gov. Rick Scott's office announced Wednesday he was hiring outside counsel to sue the failed Digital Domain special-effects company and "other parties" involved in a $20 million tax-incentive deal that tanked. The move comes more than a...
  • Innovative sewage plant in Sanford closes, lays off 15

    Innovative sewage plant in Sanford closes, lays off 15
    An innovative sewage-processing company in Sanford has closed its doors suddenly and filed for bankruptcy, leaving the cities of Sanford, Ocoee and Winter Springs to find new disposal methods. Since 2009, Maxwest Environmental Systems had been...
  • Senators to GM: Why wasn't top lawyer fired?

    (Reuters) - Senators on Thursday demanded to know why General Motors Co did not fire its top lawyer after it was revealed this year that the automaker's litigation department knew of a widespread and deadly ignition flaw but failed to escalate the...
  • Lawyer confirms GM will use bankruptcy shield against recalled-vehicle claims

    WASHINGTON General Motors' top lawyer under harsh questioning by U.S. senators acknowledged Thursday that the company will not waive its bankruptcy protection in dealing with court litigation linked to claims involving its millions of vehicles recalled...
  • Stockton bank robbery: Dramatic video captures heavy gunfire

    A dramatic video has emerged recording the long gun battle between police and the Stockton bank robbery suspect, an exchange that left three dead. The video shows police cars racing to where the suspects' vehicle was stopped. For part of the video,...
  • U.S. hedge fund charts recovery plan for American Apparel

    (Reuters) - Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that...
  • Blue Martini faces eviction at CityPlace

    Blue Martini faces eviction at CityPlace
    Blue Martini has become the latest business facing eviction at CityPlace. The shopping, dining and entertainment center in West Palm Beach has filed a complaint to evict Blue Martini for failing to pay rent, according to court documents. As of June 30,...
  • Bank robbery shootout that left 3 dead stuns Stockton residents

    They’ve lived through one of California's rare municipal bankruptcies, endured deep cuts to the police force and years of high violent crime rates, and still, Wednesday’s deadly shootout between three bank robbers and a squadron of officers...