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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
  • 2-time felon pleads guilty again to fraud in federal court

    2-time felon pleads guilty again to fraud in federal court
    A politically connected businessman already twice convicted of fraud pleaded guilty Wednesday to stealing hundreds of thousands of dollars in financing on luxury car leases at his now-defunct suburban leasing agency. Marc Zaransky, 51, faces up to about...
  • 1st Mariner bankruptcy filing formally approved

    1st Mariner bankruptcy filing formally approved
    A court has approved the Chapter 11 bankruptcy filing for the parent company of 1st Mariner Bank, a move the bank's president described as procedural because the bank had already been sold. The region's largest independent bank, 1st Mariner struggled...
  • How to reinvent the Hampton Roads economy? Share your ideas with us online

    How to reinvent the Hampton Roads economy? Share your ideas with us online
    If Hampton Roads wants to stop lagging behind in economic growth, the region needs to start acting and collaborating now, a leadership panel said Tuesday. Over the past year, groups assembled by the Hampton Roads Community Foundation studied...
  • Detroit's bankruptcy over; emergency manager resigning

    DETROIT The city of Detroit's historic Chapter 9 bankruptcy will end Wednesday, setting in motion a sweeping plan to slash $7 billion in debt and reinvest $1.4 billion over 10 years to improve city services. Detroit emergency manager Kevyn Orr told...
  • Germany's biggest Burger King franchisee files for insolvency

    Germany's Yi-Ko Holding, formerly the biggest operator of Burger King restaurants in the country, has filed for insolvency, Yi-Ko's lawyers said, putting 3,000 jobs at risk. Burger King had told Yi-Ko three weeks ago to shut down its 89 restaurants...
  • Detroit to exit historic bankruptcy Wednesday

    Detroit to exit historic bankruptcy Wednesday
    Detroit will officially exit the biggest-ever U.S. municipal bankruptcy later on Wednesday, officials said, allowing Michigan's largest city to start a new chapter with a lighter debt load. The city, which filed for bankruptcy in July 2013 as years of...
  • Amtrak: On the wrong track

    Amtrak: On the wrong track
    As U.S. Supreme Court justices wrestle with whether Amtrak, as a quasi private corporation, should have the right to set performance standards that would also affect the freight services with which it shares lines, the rail system is facing gridlock....
  • Saving Sears: Eddie Lampert's complicated dance

    Tax rules and concerns about Sears Holdings Corp's SHLD.O tenuous financial condition may force CEO Eddie Lampert to do a complicated dance as he plans to spin off the retailer's best real estate into a separate trust. Last month, the troubled retailer...
  • Duke and Duchess of Cambridge meet Jay-Z, Beyonce

    Duke and Duchess of Cambridge meet Jay-Z, Beyonce
    An NBA game pitting the Cleveland Cavaliers against the Brooklyn Nets on Monday drew a particularly starry crowd. The Duke and Duchess of Cambridge were in the house. And so were Jay-Z and Beyonce, who strolled casually across the court to say hello. It...
  • Detroit emergency manager Orr expected to resign Wednesday

    DETROIT Detroit emergency manager Kevyn Orr is expected to tender his resignation Wednesday, signaling the end of the city's financial emergency with the Motor City poised to officially exit bankruptcy as early as Wednesday. Orr spokesman Bill Nowling...
  • Detroit's emergency manager resigns, saying emergency will soon be over

    Detroit's emergency manager resigns, saying emergency will soon be over
    Michigan's governor on Tuesday accepted the resignation of Detroit's emergency manager, Kevyn Orr, saying the city's financial emergency will soon be over. Orr was appointed last year to take over the city’s books and guide it through its...