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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 67-77
  • Susan Tompor: Detroit pensioners relieved that bankruptcy stress is over

    DETROIT As Detroit looks to a brighter future, we can no doubt celebrate the creativity of the grand bargain that made the city's quick exit out of bankruptcy court doable as it kept pension cuts to a minimum and saved the Detroit Institute of Arts....
  • Investors ask court to put O.C. Register parent in receivership

    Investors ask court to put O.C. Register parent in receivership
    Two investors in Freedom Communications, the owner of the Orange County Register, are asking a Delaware court to put the Santa Ana newspaper company into receivership, saying the firm is "insolvent" and beset by "mismanagement." Abbey Financial and...
  • Co-owner of Irvine real estate investment firm pleads guilty to fraud

    One owner of an Irvine-based real estate investment company pleaded guilty Thursday to allegations that his firm essentially turned into a Ponzi scheme after the housing market crashed, according to authorities. John Packard, 64, of Long Beach was...
  • Downtown nightclub building owner files for bankruptcy

    Downtown nightclub building owner files for bankruptcy
    The owner of a building in downtown Orlando that recently housed Liquid nightclub has filed for Chapter 11 bankruptcy, apparently to stall a foreclosure sale by First Southern Bank. The property is 13 W. Pine Street, a two-story commercial brick...
  • Bulgaria lets Corpbank fail, faces clean-up bill

    SOFIA (Reuters) - Bulgaria's central bank has stripped Corporate Commercial Bank of its operating license and asked a court to open insolvency proceedings, snuffing out hopes of a rescue for the country's No.4 lender and leaving the state with a costly...
  • Michigan: GOP Gov. Snyder wins re-election

    LANSING, Mich. Michigan Gov. Rick Snyder coasted to victory Tuesday in an election to decide whether the Republican had earned a second and final term or Democratic challenger Mark Schauer gets a chance to undo much of what Snyder did in the last four...
  • Fed's Lacker says must better adapt bankruptcy code to financial firms

    WASHINGTON (Reuters) - Federal financial regulators must remove the implicit view from creditors that the government will step in to protect large financial institutions, and to better adapt the bankruptcy code to these firms, a top Fed official said on...
  • 3 of Chicago's best, most worthy--and unrealized--plans

     3 of Chicago's best, most worthy--and unrealized--plans
    Whenever civic leaders set out to tackle a problem, they first create a plan. "The problem is, we've got lots of plans," LISC Chicago executive director Susana Vasquez told a City Club of Chicago audience recently. "It takes more than a plan to...
  • Technicolor's Rennes Research & Innovation Lab Summons High-Tech Future

    Doc Brown's lab in "Back to the Future" is movie magic, but the next best thing may be at Technicolor's Rennes Research & Innovation Lab. The virtual reality room, where work around visual effects is done, has that crazy-scientists-at-work feel. Among...
  • Related gets deed to Chicago Spire site

    Related gets deed to Chicago Spire site
    Related Midwest has received the deed to the Chicago Spire site, ending the saga for control of a much-coveted site along North Lake Shore Drive. Joseph Frank, an attorney representing Irish developer Garrett Kelleher's Shelbourne North Water Street in...
  • How to lose $20 million: the sudden wealth problems of professional athletes

    How could someone lose $20 million in a year? You're about to find out just how easy it is to go from life-changing, never-have-to-work-again rich to I-can't-believe-it's-all-gone in less than 12 months. Let's look at a hypothetical baseball player. He's...