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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

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  • Seminole County judicial race draws incumbent, two challengers

    Seminole County judicial race draws incumbent, two challengers
    In this year's one contested race for Seminole County judge, voters must decide between incumbent Jerri Collins and two candidates who have filed for bankruptcy, Alex Finch and Sandra I. Rivera. Collins, 52, has been on the bench eight years,...
  • KidsPeace emerges from bankruptcy

    KidsPeace, the Orefield-based organization that's been treating troubled children for more than a century, emerged from bankruptcy Friday after shedding more than $80 million in pension obligations and millions of dollars in yearly debt. Fourteen months...
  • Stereo D plans expansion into Canada

    Stereo D plans expansion into Canada
    Stereo D, a Burbank visual effects company, plans to move a significant portion of its workforce north of the border. The company, which specializes in the conversion of movies to a 3-D format, told employees this morning that the studio is planning...
  • Shrinking would untangle regulation: Front Burner

    The idea that some banks are "too big to fail" became common in 1984 when Continental Illinois was on the brink of failure. The seventh-largest bank in the U.S. at the time, Continental Illinois had $40 billion in assets, but many of those assets were bad...
  • Bankruptcy judge suggests arrest of 'Girls Gone Wild' founder Joe Francis

    Bankruptcy judge suggests arrest of 'Girls Gone Wild' founder Joe Francis
    Joe Francis could be headed for a jail cell. Again. The "Girls Gone Wild" founder, famous for tempting intoxicated spring-breakers to mug for cameras topless and French kiss their friends in videos he'd later make millions from, could now be the subject...
  • Merger launches new chapter for Fiat Chrysler Automobiles

    Fiat shareholders approved a merger today that will lead to the creation of a new company Fiat Chrysler Automobiles at a meeting in Turin, Italy. The decision marks the end of an era in Italy as Fiat founded 115 years ago by Giovanni Agnelli exits the...
  • Filing bankruptcy? How to protect loved ones who cosign loans

    Wanda says her daughter is the cosigner for two auto loans. Wanda also is considering a bankruptcy filing. She asks: Will seeking bankruptcy protection affect her daughter's credit? Answer: It could. Bankruptcy filings can be tricky, especially if...
  • Maryland agencies need to improve oversight of group homes, officials say

    Maryland agencies need to improve oversight of group homes, officials say
    State officials said at a legislative briefing Thursday that their agencies must do more to flag financial mismanagement at group homes — problems similar to those that went unheeded at an Anne Arundel County facility where a 10-year-old disabled...
  • Group home for disabled children struggled to provide adequate care

    Group home for disabled children struggled to provide adequate care
    The recent death of a 10-year-old disabled foster child at an Anne Arundel County group home was just the latest in a series of problems at LifeLine, the state contractor that has been paid millions in taxpayer funds to care for "medically fragile"...
  • LifeLine contracts received little scrutiny at Board of Public Works

    LifeLine contracts received little scrutiny at Board of Public Works
    Maryland's Board of Public Works, a panel that includes the governor and other top state officials, did little to scrutinize millions in contracts it awarded in recent years to the financially strapped operator of a group home where a 10-year-old boy died...
  • Maryland lawmakers, child advocates seek probe into oversight of troubled group home

    Maryland lawmakers, child advocates seek probe into oversight of troubled group home
    Maryland lawmakers and child advocates called Monday for an investigation into regulators' oversight of a troubled group home operator, asking why the state continued to give the company millions in taxpayer dollars despite long-standing financial and...