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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
  • Is former governor McDonnell's state pension really at risk?

    Is former governor McDonnell's state pension really at risk?
    Some of the hardest punishment former Gov. Bob McDonnell faces for being found guilty of corruption, his supporters argue, is losing his state pension. But that may not be a sure thing despite a state law that was meant to deny retirement benefits to...
  • Newport News Patrick Henry Mall loses Wet Seal and P.S. from Aeropostale; Deb is next

    Newport News Patrick Henry Mall loses Wet Seal and P.S. from Aeropostale; Deb is next
    Teen clothing retailer The Wet Seal announced it would close 338 stores on Wednesday across the country. The closure included the Wet Seal store in Patrick Henry Mall in Newport News. The local store hadn't been selling merchandise this past week, and...
  • Teen retailer Wet Seal files for Ch. 11 protection in effort to keep head above water

    The Wet Seal Inc. has filed for Chapter 11 bankruptcy protection in an effort to keep its remaining teen clothing stores open. The announcement Friday comes a little over a week after the chain said that it was closing 338 stores, or about two-thirds...
  • St. Paul-Minneapolis Archdiocese files for bankruptcy in wake of abuse claims

    The Roman Catholic Archdiocese of St. Paul and Minneapolis filed for bankruptcy protection on Friday, saying it's the best way for the church to get as many resources as possible to victims of clergy sexual abuse while continuing its daily ministry. "We'...
  • Judge's rulings favor potential buyer of Revel Casino

    PHILADELPHIA U.S. Bankruptcy Judge Gloria M. Burns on Thursday made two rulings to help clear the way for the sale of the former Revel Casino Hotel in Atlantic City, N.J., to Florida investor Glenn Straub for $95.4 million. Burns said Monday she intended...
  • Authorities: Schiller Park woman poisoned her 2 kids with laced apple juice

    Authorities: Schiller Park woman poisoned her 2 kids with laced apple juice
    A Schiller Park woman faces attempted murder charges for allegedly poisoning her children with drug-laced apple juice, Cook County authorities said. Krystle El Khatib, 29, crushed up benzodiazepine pills, an anti-anxiety drug, placed the powder into the...
  • Wet Seal files for bankruptcy protection

    Wet Seal files for bankruptcy protection
    Troubled Orange County retailer Wet Seal Inc. filed for Chapter 11 bankruptcy, a week after it closed two-thirds of its locations and laid off thousands. The Foothill Ranch company said Friday that it reached a loan agreement with B. Riley Financial...
  • St. Paul-Minneapolis Archdiocese files for bankruptcy over abuse claims

    The Archdiocese of Saint Paul and Minneapolis filed for bankruptcy Friday following years of sex abuse claims that have plagued the jurisdiction. The purpose of filing for bankruptcy is to provide the "fairest and most helpful recourse" for victims...
  • Former L.A. board member to head embattled Magnolia schools

    Former L.A. board member to head embattled Magnolia schools
    A local charter school group that is battling for survival has turned to a well-known and sometimes controversial education figure to take charge. Magnolia Public Schools, under fire for money management and other issues, has hired former L.A. school...
  • St. Paul-Minneapolis archdiocese declares bankruptcy in response to abuse lawsuits

    ST. PAUL, Minn. The Archdiocese of St. Paul and Minneapolis filed for Chapter 11 bankruptcy protection Friday, saying it cannot meet its financial obligations from an unprecedented wave of clergy sex abuse lawsuits. The move freezes lawsuits against...
  • Shockwaves from Swiss franc's 'unprecedented' surge sees brokerage firms go bust

    The financial shockwaves from the Swiss franc's staggering ascent, one of the most acute moves in decades by a major currency, have hit firms around the world, with at least two brokerages going out of business. Though currency markets were a bit...