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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
  • Workers to block Atlantic City streets in Trump protest

    Workers to block Atlantic City streets in Trump protest
    Casino workers plan to block traffic near a major entrance to Atlantic City, New Jersey, on Wednesday to protest attempts to terminate health benefits for union members at the Trump Taj Mahal casino, according to union officials. The demonstration,...
  • Made in California: Steel fabricator Hannibal is bouncing back

    Made in California: Steel fabricator Hannibal is bouncing back
    During the worst of the recession, an executive at Hannibal Industries Inc. had a simple way of figuring out whether his employer was still in business. The Vernon steel fabricator had lost half its pre-downturn annual revenue of $100 million and laid...
  • Fashion Mall owners to file for Chapter 7 bankruptcy

    Fashion Mall owners to file for Chapter 7 bankruptcy
    The developers and owners of the Fashion Mall in Plantation said Tuesday that they intend to file for Chapter 7 bankruptcy. "The purpose of the bankruptcy filings is to place the assets in the hands of professional fiduciaries in order to maximize value...
  • Suit asks why U.S. bailout of AIG wasn't more generous

    The trial pitting a fallen financial titan against an array of former high government luminaries provides a through-the-looking-glass view of the financial credit crisis of 2008 — a view that only makes sense on Wall Street. In the U.S. Court of...
  • Massive, vacant resort in West Orange to be auctioned

    Massive, vacant resort in West Orange to be auctioned
    A vacant 890-unit resort in west Orange County, one of Central Florida's biggest remaining skeleton developments from the Great Recession, is set to be auctioned at 11 a.m. in Orlando on Tuesday. Called the Grande Palisades, the condo resort has been...
  • Families in Blue Mountain Consumer Discount collapse squabbling over settlement

    Families in Blue Mountain Consumer Discount collapse squabbling over settlement
    A feud has erupted between investors who lost money in the multimillion-dollar collapse of Blue Mountain Consumer Discount Co., a Wind Gap loan company that lawsuits charge was really a Ponzi scheme. The source of the discord? A $1.2 million proposed...
  • Groups urge U.S. to reject CIT takeover of OneWest Bank

    Groups urge U.S. to reject CIT takeover of OneWest Bank
    Two major community advocacy groups called on federal regulators to reject CIT Group Inc.'s proposed $3.4-billion takeover of Pasadena's OneWest Bank, contending that the bankers are catering to the rich and neglecting lower-income California borrowers....
  • Atlantic City casino workers protest cuts at Trump Taj Mahal

    Atlantic City casino workers protest cuts at Trump Taj Mahal
    Atlantic City arrested 24 people who blocked streets in the New Jersey city on Wednesday as hundreds of casino workers demonstrated against plans by the Trump Taj Mahal to cut pension and health benefits. "Hopefully, we're getting our voices heard,...
  • The only way to save Illinois is to break it

    After retiring five years ago, my wife and I moved from Texas to Naperville. We had heard good things about Naperville from friends and neighbors in Texas, and we now love living there.   However, we did not know back then what a bankrupt and corrupt...
  • Taiwan's MOF asks banks for details of Chinese loans

    LONDON (Reuters) - Taiwan's Ministry of Finance (MoF) has asked eight state-owned banks to provide details of outstanding loans to Chinese companies as fears of defaults by privately-owned Chinese companies rise, banking sources said on Wednesday. The...
  • As money runs out, fallen Brazilian tycoon Batista faces the law

    RIO DE JANEIRO (Reuters) - A year after the epic collapse of his industrial empire, Brazilian tycoon Eike Batista's financial and legal troubles appear far from over. Once worth more than $30 billion and listed as the world's eighth-richest man by Forbes...