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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
  • How to escape the medical care debt trap

    How to escape the medical care debt trap
    The single biggest cause of personal bankruptcy in the United States isn't job loss or irresponsible use of credit. It's medical expenses. An analysis this year by NerdWallet Health found that about 60% of all bankruptcies are health related. And a...
  • Detroit bankruptcy pension cuts approved, with only half casting votes

    Detroit’s current and retired city employees have overwhelmingly voted to support a path out of bankruptcy that will include cuts to their pensions, the city said. After a two month campaign both for and against the city’s bankruptcy plan,...
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...
  • Business bankruptcies ebb, but coming wave expected

    Business bankruptcies ebb, but coming wave expected
    Twenty-five U.S. public companies with a combined $56 billion in assets had filed for Chapter 7 and Chapter 11 bankruptcies through May 26, compared with 33 with $21 billion in assets in the same period last year. Skewing the latest numbers was the...
  • Speculation builds over sale of American Apparel

    Speculation builds over sale of American Apparel
    Is American Apparel Inc. up for sale? The Los Angeles company's abrupt ouster this week of Chief Executive Dov Charney has sparked intense speculation that it is now a prime takeover target. But those rumors were vehemently dismissed Friday by its...
  • 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...
  • 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...
  • Psychiatrist among those charged in Towson drug raid

    Psychiatrist among those charged in Towson drug raid
    An addiction rehabilitation psychiatrist with a history of treatment for alcohol and drug abuse was among those charged Wednesday with manufacturing and distributing the drug Ecstasy at a Towson home. Dr. Priscilla W. Sheldon-Cost, 51, and her...
  • Culinary school costs leave a sour taste

    Culinary school costs leave a sour taste
    Dear Liz: I am 48 and planning on a career change. I was looking at a culinary school website and it looks pretty exciting. It is a two-year, full-time program and the cost is about $65,000, which doesn't cover the dorm or apartment expenses for living...
  • Thousands go without water as Detroit cuts service for nonpayment

    It has been six weeks since the city turned off Nicole Hill's water. Dirty dishes are piled in the sink of her crowded kitchen, where the yellow-and-green linoleum floor is soiled and sticky. A small garbage can is filled with water from a neighbor,...
  • Tips for gardening during a drought

    With the start of summer and more hot weather on the horizon, home gardeners in drought-stricken Southern California face a challenge: How to keep landscapes looking good while cutting back on water use. For ideas, we're talking to landscape and garden...