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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
  • For Scranton residents, bankruptcy is an inviting option

    For Scranton residents, bankruptcy is an inviting option
    SCRANTON, Pa. — When Detroit filed for bankruptcy, hundreds of residents took to the streets to protest what they saw as a drastic approach to fixing the city's budget problems. But in this hilly town of 76,000 in northeastern Pennsylvania,...
  • Credit-counseling agencies scramble to deal with own financial crunch

    Facing multimillion-dollar losses, the CredAbility credit-counseling agency pared its Orlando staff and laid off its top local executive last fall as part of a companywide downsizing. In early January, Atlanta-based CredAbility was absorbed in a merger...
  • Foundations pledge $330 million to prevent sale of Detroit museum art

    Foundations pledge $330 million to prevent sale of Detroit museum art
    In an attempt to save the Detroit Institute of Arts from being crippled or destroyed by its city's epic bankruptcy, nine local and national charitable foundations have pledged $330 million to spare the museum from having artworks sold to help prop up...
  • Md. insurer, seized by regulators, could be liquidated

    Md. insurer, seized by regulators, could be liquidated
    A Sparks-based insurance company that was seized by Delaware regulators faces possible liquidation in a wild case — one with dueling allegations of fraud, forgery and a vendetta, plus a sanction involving an Aston Martin sports car. Delaware's...
  • Appeals court overturns defamation award against blogger

    SAN FRANCISCO — A federal appeals court unanimously overturned a defamation award against a blogger Friday, ruling that 1st Amendment protections for traditional news media extend to individuals posting on the Web. "The protections of the 1st...
  • West Virginia chemical company files for bankruptcy after leak

    West Virginia chemical company files for bankruptcy after leak
    Bombarded by lawsuits and under federal investigation, the chemical company that spilled a dangerous solvent into a West Virginia river and fouled the drinking water of 300,000 people filed for federal bankruptcy protection Friday. Freedom Industries...
  • Creative bankruptcy: That West Virginia chemical company

    Creative bankruptcy: That West Virginia chemical company
    As predictably as night follows day, it was clear that the onslaught of lawsuits over the chemical poisoning of virtually the entire water supply of Charleston, W.Va., would be followed by a bankruptcy filing by the chemical company at the center of the...
  • Michigan governor offers pension aid to Detroit, with conditions

    Michigan governor offers pension aid to Detroit, with conditions
    Michigan Gov. Rick Snyder is recommending that the state Legislature approve up to $350 million to help fund pensions in Detroit, though he repeatedly emphasized that the funds would come with some strings attached, including that labor unions would...
  • Stockton voters approve new tax measure for bankrupt city

    Stockton voters approve new tax measure for bankrupt city
    STOCKTON -- If a measure to increase the sales tax didn’t pass, there would be few options for this crime-plagued and bankrupt city, municipal officials said.  But on Tuesday, Stockton voters agreed to an increase of 3/4 of a cent -- raising...
  • Stockton voters approve tax hike to help city emerge from bankruptcy

    Stockton voters approve tax hike to help city emerge from bankruptcy
    Residents of Stockton approved a sales-tax increase that officials say will help the city emerge from bankruptcy. The city of about 300,000 filed for Chapter 9 protection in July 2012, at the time the largest U.S. city to do so. Stockton was later...
  • Detroit's bankruptcy brings up more than finances

    Detroit's bankruptcy brings up more than finances
    DETROIT — Sheilah Johnson was a building inspector for the city for 28 years, a college graduate who passed up jobs that paid more because a city job offered stability and the promise of a good pension. But the city's recent plunge into bankruptcy...