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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

Displaying items 100-110
  • Chicago Spire's fate on the line as trial gets underway

    Chicago Spire's fate on the line as trial gets underway
    The battle for control of Chicago's best-known hole in the ground is about to commence. It was six years ago that Irish developer Garrett Kelleher stopped work after early digging on the Chicago Spire. What was supposed to be a career-defining project...
  • Spire developer resolves debts, looks to start again

    Spire developer resolves debts, looks to start again
    The fight for control of the Chicago Spire's site is headed toward resolution, after which the hunt for the funds to build it can begin anew. Shelbourne North Water Street LP, has reached an agreement with key creditors that would resolve the company&...
  • ABC Sues Prospect Park Seeking Unpaid Licensing Fees for 'One Life to Live,' 'All My Children'

    ABC has struck back against Prospect Park Networks -- the producer of now-dormant digital versions of "One Life to Live" and "All My Children" that filed for bankrupcy protection this week -- with the Alphabet net filing a lawsuit seeking at least $5...
  • Poster city of abandonment

    White flight, corporate flight . . . I grew up just outside Detroit and have felt an ache in my heart for this bleeding city for so many years now. It's long been one of the country's designated loser cities, beginning in the 1960s, when change hit it...
  • Quiznos files for bankruptcy amid heightened competition

    Quiznos files for bankruptcy amid heightened competition
    Sandwich chain Quiznos Corp. filed for pre-packaged bankruptcy protection on Friday after struggling with high debt and stiff competition for years. The Denver-based chain, known for pioneering the concept of toasted subs, said the restructuring would...
  • Quiznos follows Sbarro into bankruptcy

    Quiznos follows Sbarro into bankruptcy
    Quiznos, the Denver-based sandwich chain, said Friday it had filed for Chapter 11 bankruptcy in Delaware, the second quick-service restaurant chain in a week to do so. The filing is expected to be speedy, as Quizno's senior leadership had already...
  • Bankruptcies Should Cover Student Loans, Too

    Allowing student loan debt to be discharged under bankruptcy laws, as recently advocated by Sen. Richard Blumenthal, is a matter of fairness. Currently, student loans are not dischargeable. Many people oppose the senator's proposal because they think it...
  • 'Boomerang' buyers get another chance at homeownership

    'Boomerang' buyers get another chance at homeownership
    Just 10 days before Christmas 2009, Ganel Appolon found an envelope taped to his front door. He and his family were being evicted from their Tamarac home. Appolon had fallen behind on his mortgage payments, and the lender repossessed the property...
  • Charles Tabb, of counsel, Foley & Lardner

     Charles Tabb, of counsel, Foley & Lardner
    Charles Tabb has joined law firm Foley & Lardner's Bankruptcy and Business Reorganizations Practice as of counsel in the Chicago office. Tabb spent 30 years on the faculty of the University of Illinois College of Law, where he holds an endowed chair and...
  • Leading Florida bankruptcy investigators form new firm

    Leading Florida bankruptcy investigators form new firm
    Two bankruptcy investigators who handled some of Florida’s biggest frauds are joining forces to launch a new firm. Soneet Kapila, who is wrapping up work on the Orlando-based Lou Pearlman fraud case, is joining Barry Mukamal, who handled such...
  • Credit counseling, not draining retirement account, is answer to debt spiral

    By Ilyce Glink and Samuel J. Tamkin Q: My wife and I are in a financial mess. I do not know who to turn to for advice on what we should do. I am a real estate appraiser, and business is down more than 50 percent from last year at this time. So as you can...