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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 12-22
  • Harbinger sues Dish, Ergen for $1.5 billion over LightSquared

    (Reuters) - Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared. The lawsuit, filed...
  • American Apparel lender Lion Capital demands $10-million loan be paid

    American Apparel lender Lion Capital demands $10-million loan be paid
    The wealthy playboy behind American Apparel Inc.'s latest crisis isn't ousted Chief Executive Dov Charney. It's a London financier named Lyndon Lea. American Apparel told securities regulators Tuesday that Lea's private equity firm, Lion Capital, has...
  • German cabinet clears way for Europe's banking union

    BERLIN (Reuters) - Germany's cabinet has approved a package of draft laws which effectively give the go-ahead to Europe's plans for banking union - its main confidence-building response to the crisis in the financial sector, a government source said on...
  • France's Valls urges end to strike at 'sinking' ferry group SNCM

    PARIS (Reuters) - Workers at France-Corsica ferry operator SNCM must end their strike and let the troubled company undergo a restructuring to secure its future, Prime Minister Manuel Valls said on Tuesday. Loss-making SNCM, whose unions have been on...
  • Stockton bankruptcy judge says city's collateral not worthless

    SACRAMENTO Calif. (Reuters) - The judge in Stockton, California's bankruptcy on Tuesday ruled that the city has collateral worth $4 million with which it could pay holdout creditor Franklin Templeton, dismissing the city's contention its collateral was...
  • Madoff trustee is dealt fresh legal setback

    NEW YORK (Reuters) - A federal judge has limited the ability of the trustee seeking money for victims of Bernard Madoff's Ponzi scheme to recoup sums allegedly transferred fraudulently outside the United States. In a decision on Sunday, U.S. District...
  • Brewzzi files for Chapter 11 bankruptcy protection

    Brewzzi files for Chapter 11 bankruptcy  protection
    Brewzzi, the award-winning brewpubs in Boca Raton and West Palm Beach, has filed for Chapter 11 bankruptcy protection. Meanwhile, the pub in Boca remains open, and the West Palm location — forced to close for falling behind on rent — hopes...
  • Paula Whites' former church up for auction

    Paula Whites' former church up for auction
    Without Walls International, the former church of Paula White, is being forced by a bankruptcy court to auction off its Lakeland church property on July 7. Once one of the largest and most dynamic megachurches in the county, Without Walls began to...
  • Consider filing for bankruptcy if debt repayment would take five years

    Dear Liz: I'm a 33-year-old mother who lost my full-time job during the recession in 2009. I may have my "stuff" together again, but am considering filing bankruptcy. Each month I'm spending almost half (yes half!) of my income on debt payments to...
  • U.S. municipal market on edge over Puerto Rico power authority

    WASHINGTON (Reuters) - Creditors to Puerto Rico's troubled electricity provider were given a slight respite on Tuesday when the bonds' trustee made a scheduled payment, but the U.S. municipal bond market remained worried the Puerto Rico Electric Power...
  • Spyker liquidating assets doesn't bode well

     
    Filed under: Auctions, Spyker If there's any company that's faced some ups and downs, surely it's Spyker. The Dutch coachbuilder originally started out in 1880 and shut down in 1926, laying dormant until resurfacing in 1999. Things were going alright...