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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 56-66
  • What would happen if CPS were allowed to go bankrupt?

    What would happen if CPS were allowed to go bankrupt?
    You've heard about the huge budget deficit Chicago Public Schools faces. What that means is Chicago Public Schools may not be able to open for classes this fall. If the district can't overcome its $1.1 billion deficit, what could it do? One option...
  • Fresh & Easy to close 30 Southland stores as it explores new formats

    Fresh & Easy to close 30 Southland stores as it explores new formats
    The struggling Fresh & Easy chain is remaking itself to better compete in an increasingly crowded grocery landscape, closing 30 Southern California markets as it develops plans to roll out new store formats. Fresh & Easy will try to sell the stores,...
  • Hearing date set for April 2 in latest Revel sale effort

    A bankruptcy court judge will consider yet again an attempt by the owners of Atlantic City's former Revel casino to sell it to a Florida developer. Judge Gloria Burns has set an April 2 hearing date for Revel AC's latest request to sell the casino to...
  • Bankruptcy is not the answer to student loan debt

    Having a bankruptcy flagged in your credit file can make obtaining a credit card, taking out a car loan or applying for a home mortgage a non-starter for years. It can also impact your ability to land a job. Yet, in a move that's certain to be closely...
  • UAW prepares to set strategy for contract talks

    DETROIT For the United Automobile Workers union, 2015 will be a year of managing great expectations borne out of a recovering economy after years of sacrifices during tougher times. And negotiations will occur against a backdrop that includes the...
  • Cohan rule may provide tax relief without receipts

    Cohan rule may provide tax relief without receipts
    Q: Thirty years ago, we bought a house that we lived in until 2-1/2 years ago, when we bought another house and moved. Our neighbor's son and wife wanted the house but didn't have the money for a down payment, so we rented it to them for 18 months until...
  • Lumber Liquidators slides on new call for investigation

    Shares of Lumber Liquidators fell Monday after a second U.S. senator called for an investigation into the safety of laminate flooring made in China. Democratic Sen. Charles Schumer of New York said the U.S. Consumer Product Safety Commission should...
  • Speedbowl Preparing To Open May 2 Under New Owner

    WATERFORD —- The New London-Waterford Speedbowl is scheduled to open for the 2015 season on May 2 flush with financial backing, new management, and a clean slate with the Town of Waterford. One might call it a bit of a rebirth for the...
  • Oil train disaster fund grows with Irving Oil's contribution

    A proposed settlement fund for victims of a fiery oil train derailment that killed 47 people across the border in Quebec has grown to $270 million (U.S.) with a contribution from Irving Oil, a bankruptcy trustee said Monday. A court filing Friday in...
  • Freedom Industries pleads guilty to pollution charges

    A now-bankrupt chemical company pleaded guilty Monday to three pollution charges related to last year's spill that contaminated a West Virginia river. Mark Welch, chief restructuring officer of Freedom Industries, entered the plea on behalf of the...
  • Schumer requests safety probe of imported flooring

    Sen. Charles Schumer is asking the Consumer Product Safety Commission to investigate the safety of Chinese-imported wood laminate flooring from Lumber Liquidators and initiate recalls if needed. The New York Democrat says federal authorities should...