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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles see all

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  • Tokyo Court orders bankruptcy trustee to begin Mt. Gox liquidation

    TOKYO (Reuters) - Tokyo District Court ordered liquidation to begin at failed bitcoin exchange Mt. Gox, the company said on Thursday, after the bankruptcy administrator said on April 16 that it would be difficult to rehabilitate the firm.
  • Special Report: For private deals, no one is watching the watchdogs

    OMAHA, Nebraska (Reuters) - From 2006 to 2009, Provident Asset Management raised $485 million from 7,700 investors who were drawn to its promises of annual returns as high as 18 percent on oil and gas assets. Law firm Mick & Associates helped. Provident...

    Consumer agency warns of student loan defaults if co-signer dies

    Consumer agency warns of student loan defaults if co-signer dies
    A new report released Tuesday by the Consumer Financial Protection Bureau is warning borrowers of a catch that is pushing private student loans into default even if the loan is in good standing.   The federal consumer agency said that borrowers complain...

    GM seeks U.S. court protection against ignition lawsuits

    GM seeks U.S. court protection against ignition lawsuits
    (Reuters) - General Motors Co filed a motion in a U.S. court to enforce a bar on lawsuits stemming from ignition defects in cars sold before its 2009 bankruptcy as it fights proposed class action litigation that seeks to set aside the restriction....

    GM risks image with attempt to avoid lawsuits, experts say

    WASHINGTON General Motors Co. wants to use its 2009 bankruptcy as a shield to get rid of more than four dozen lawsuits related to a defective ignition switch in 2.6 million small-model cars in what experts say could prove to be a public relations...