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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
  • Michigan board OKs $450 million Detroit hockey arena bonds

    (Reuters) - The Michigan Strategic Fund board gave final approval on Wednesday for the sale of up to $450 million of 30-year revenue bonds for a downtown Detroit arena that will be home to the National Hockey League's Detroit Red Wings. The financing...
  • Atlantic City's Trump Plaza casino closes this week

    Atlantic City's Trump Plaza casino closes this week
    Vidilia Ormolea stayed true to her favorite casino here to the bitter end, squeezing in a final visit to Trump Plaza on Sunday — despite peeling wallpaper in the hotel rooms and other signs of a years-long decline. The friendly staff kept her...
  • RadioShack stumbles down road taken by many failed U.S. retailers

    RadioShack stumbles down road taken by many failed U.S. retailers
    RadioShack Corp confronts an uncomfortable fact as it considers filing for bankruptcy to give it time to overhaul its 4,400 electronics stores: Retailers rarely emerge from bankruptcy. They often liquidate and go out of business. Founded in 1921, the...
  • Judge adjourns Detroit bankruptcy trial to finalize breakthrough creditor deal

    The confirmation hearing to restructure the City of Detroit has been adjourned until Monday morning, giving the city and creditor Syncora time to finalize a breakthrough deal reached Tuesday night. Syncora is one of two major holdouts as the city has...
  • Andrew Kay dies at 95; inventor pioneered compact computers

    Andrew Kay dies at 95; inventor pioneered compact computers
    For a few years in the 1980s, Andrew Kay's computers were top-quality, low-cost and, for the day, feather-light. The Kaypro II, one of the top-selling "portables" in America, weighed in at a mere 26 pounds. While elephantine by today's standards, it was...
  • Judge OKs Spire developer's request to find financial backers

    Judge OKs Spire developer's request to find financial backers
    Chicago Spire developer Garrett Kelleher is free to pursue other financial backers to try and get his company out of bankruptcy and potentially restart the project. U.S. Bankruptcy Court Judge Janet Baer on Wednesday approved a request made by Kelleher's...
  • Outside Opinion: TV law ads may be useful, like knife commercials

     Outside Opinion: TV law ads may be useful, like knife commercials
    Attorneys advertising their services — often in emphatic, dramatic tones — have become a staple of television. Why are there so many lawyer TV commercials, and are they beneficial? Here is one of two views: Many of us, whether for reasons of...
  • RadioShack mulls $585 million financing package from UBS, Standard General: WSJ

    RadioShack mulls $585 million financing package from UBS, Standard General: WSJ
    (Reuters) - RadioShack Corp is evaluating a $585 million financing package led by UBS AG and hedge fund Standard General LP as the U.S. electronics retailer tries to avert bankruptcy, the Wall Street Journal reported, citing people familiar with the...
  • Revel bidder: Distress is his business

    Glenn E. Straub, a South Florida investor, emerged from nowhere this week with his $90 million cash bid for Atlantic City, N.J.'s bankrupt Revel Casino Hotel. But for the last 20 years, Straub, 67, has made it his business to buy distressed properties...
  • Detroit bankruptcy trial delayed until Monday as sides near deal

    Detroit bankruptcy trial delayed until Monday as sides near deal
    A federal judge on Wednesday put the landmark trial on Detroit's plan to exit bankruptcy on hold until Monday as the city neared reaching a deal with one of its most formidable hold-out creditors. Bond insurer Syncora Guarantee Inc and the city on...
  • Companies win federal contracts while flouting labor law

    RALEIGH, N.C. Robert Malick has weathered plenty of uncertainty in the 22 years he's run a multimillion-dollar heating and air conditioning firm. His secret to success: Follow the money and the people who can get it. To do it, his company, Southern...