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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 89-99
  • Small town with several detention centers debates if it needs another

    Small town with several detention centers debates if it needs another
    The budget deficit and the detention centers are about the only things growing in this economically depressed high-desert city. Amid the tumbleweeds on the edge of town, construction crews are adding 650 beds at a privately run detention facility for...
  • Compton disputes ranking as state's most financially distressed city

    Compton disputes ranking as state's most financially distressed city
    Compton leaders disputed the results of a think tank's study released Thursday that concluded the city is the most financially distressed in California. Two other Southern California cities, Maywood and San Fernando, also had the dubious distinction...
  • Detroit bankruptcy ruling good for retirees, but city has long way to go

    Federal bankruptcy Judge Steven Rhodes’ approval Friday afternoon of the city of Detroit’s municipal bankruptcy plan will be parsed, debated, scorned and lauded over the next few days (Next Chapter Detroit live blogged from the courtroom). But...
  • 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...
  • Parliament House seeks bankruptcy cure with plan to shed debt

    Parliament House seeks bankruptcy cure with plan to shed debt
    Parliament House, a 40-year-old gay resort in West Orlando, is floating a plan to emerge from bankruptcy by shedding about $14M in debt guarantees associated with a timeshare expansion that happened just before the Great Recession. The Parliament...
  • 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...
  • 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...