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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
  • Receiver takes control of Patel companies

    Receiver takes control of Patel companies
    Orlando businessman Nik Patel's companies are being handed over to a fiduciary to continue liquidating his assets, about five weeks after Patel was arrested on charges of loan fraud. The receiver, Michael Nanosky of Janus Hotels & Resorts in Boca Raton,...
  • UPDATE: Lumber Liquidators transferring Hampton workforce to new facility

    UPDATE: Lumber Liquidators transferring Hampton workforce to new facility
    In an effort to prepare for the opening of its new East Coast distribution center, Lumber Liquidators announced plans Tuesday to transfer more than 95 percent of its Hampton workforce to Henrico County.  Toano-based Lumber Liquidators operates a 603,000...
  • Biotech's pitfalls tripped up Dendreon, led it to bankruptcy

    SEATTLE Like a white cross planted alongside a narrow mountain road, Dendreon's bankruptcy will serve as a warning to those who follow. The Seattle biotech company pioneered an approach to fighting cancer by training a patient's own immune system 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...
  • Bankruptcy only solution for Pa.'s fiscal problems

    Bankruptcy only solution for Pa.'s fiscal problems
    As a businessman, Gov.-elect Wolf will be facing a $30 billion state budget and a $50 billion debt to the state pension systems for teachers and government workers. Having worked myself for 20-plus years with companies that were fiscally challenged, I...
  • Delford Smith dies at 84; aviation entrepreneur bought 'Spruce Goose'

    Delford Smith dies at 84; aviation entrepreneur bought 'Spruce Goose'
    Delford Smith, a rags-to-riches entrepreneur who reportedly bought his mother a home when he was 11, founded a worldwide aviation business and later purchased Howard Hughes' "Spruce Goose" for a museum he built in McMinnville, Ore., has died. He was 84....
  • In Nevada, Lake Las Vegas is a bit too sleepy

    In Nevada, Lake Las Vegas is a bit too sleepy
    They deal in the faux and fantastical on the frenetic Las Vegas Strip, where reality exists merely in air quotes, where you can stumble and sway from the "Empire State Building" to the "Eiffel Tower" and over to the "Egyptian Pyramids" while your bank...
  • Culver's chain comes to Central Florida

    Culver's chain comes to Central Florida
    Wisconsin-based restaurant chain Culver's will soon have its first Central Florida location, in Clermont at the corner of Johns Lake Road and U.S. 27. Local businessman Mike Ladisa just purchased 1.29 acres for $830,000 to build his franchise location...
  • With court's approval, Detroit emerges from bankruptcy

    Detroit emerged Friday from the nation’s largest municipal bankruptcy with a life line as it seeks to recover from an ocean of debt and mismanagement that threatened to drown the onetime symbol of U.S. industrial might. The court approval of the...
  • Sears stock up on plan to sell its buildings, lease them back via REIT

    Sears Holdings' stock soared Friday after the struggling retailer said it's considering selling about 200 to 300 of its buildings to boost its liquidity. The move would entail the company forming a real estate investment trust, or REIT, that would hold...
  • Judge approves Detroit's sweeping bankruptcy plan

    DETROIT A federal judge on Friday approved a plan to end Detroit's historic Chapter 9 bankruptcy, giving the Motor City an unprecedented shot at recovering from decades of economic despair and municipal mismanagement that left the city awash in debt and...