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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 23-33
  • 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...
  • Sellers mulling owner-financed sale to buyer in bankruptcy

    By Ilyce Glink and Samuel J. Tamkin Q: We are considering selling a property to the renter that is currently occupying it. We'd like to do owner financing. Our tenant has been a great renter, but she is still in bankruptcy from her divorce. She will be...
  • 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...
  • 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...
  • 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...
  • 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...
  • 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,...
  • 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...
  • States intervene in city fiscal crises

    WASHINGTON When Illinois Gov. Pat Quinn signed an overhaul of two pension systems for Chicago city workers last month, he inserted the state into the city's budget business and set off a political firestorm that will heat up this fall's elections. Quinn,...
  • Judge urged to reject Energy Future's $2 billion bankruptcy loan plan

    WILMINGTON Del (Reuters) - Creditors of bankrupt Energy Future Holdings, Texas' biggest power company, urged a judge to slow its Chapter 11 case and warned if a key refinancing proposal was approved it might block better deals from being considered. In...
  • 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...