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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 34-44
  • Crumbs files for bankruptcy; 1st step in re-opening plan

    Crumbs files for bankruptcy; 1st step in re-opening plan
    Crumbs Bake Shop has filed for Chapter 11 bankruptcy protection, the first step in its plan to be revived with Marcus Lemonis, a local investor and star of CNBC reality show "The Profit," and the owner of Dippin' Dots ice cream. Marcus Lemonis and...
  • Victims get another small payment in Lou Pearlman fraud

    Victims get another small payment in Lou Pearlman fraud
    The trustee overseeing the Ponzi scheme of “boy band” promoter Lou Pearlman is sending out more checks to victims, but the amount is still paltry compared to the nearly $300 million fraud case. On Monday a second distribution of $5.6 million...
  • 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...
  • Baltimore manufacturer awaits bankruptcy auction

    Baltimore manufacturer awaits bankruptcy auction
    When a Belgian firm tried to sell a Baltimore manufacturer to a company that planned to take jobs elsewhere, the local employees saved their livelihoods by buying their employer. Ten years later, another foreign company has stepped up to buy the company...
  • Wells Fargo moves annual meeting to Texas, but protesters follow

    Wells Fargo moves annual meeting to Texas, but protesters follow
    You can move your shareholder meeting out of California, but you can't stop protesters from following. Joining ordinary Wells Fargo shareholders, demonstrators planned to air their grievances Tuesday in San Antonio, site of this year's annual meeting....
  • Wood floors grow in popularity as options expand

    Wood floors grow in popularity as options expand
    Last fall, when Dennis and Misty Glorioso renovated the Sykesville home they bought from Misty's father, one of their immediate priorities was to add hardwood floors. The house, which was built in the early 1980s, was chopped up into several small rooms...
  • Grief counselor seeks financial healing

    Grief counselor seeks financial healing
    Bridgette Sullenger knows what it takes to survive difficult times. Sullenger is an ordained minister who works with patients in hospice care. Sullenger also leads group counseling sessions for those left behind. "Every day, I'm around people who...
  • Bidders battle over 1st Mariner Bank

    Bidders battle over 1st Mariner Bank
    An all-out battle over Baltimore's last major independent bank broke out Monday in federal bankruptcy court, leaving a judge to decide — potentially later this week — whether the institution is sold to an investment group with local ties or to...
  • Group with local ties wins battle to buy 1st Mariner

    Group with local ties wins battle to buy 1st Mariner
    In a surprising reversal, last week's losing bidder for 1st Mariner Bank got approval Tuesday to buy it — preserving the city's largest independent bank as a Baltimore-based institution. The group of investors, a mix of locals and out-of-state...
  • Detroit reaches pension deal with retired police, firefighters

    Detroit reaches pension deal with retired police, firefighters
    Detroit, fighting its way through the largest public bankruptcy in U.S. history, has reached an agreement that preserves current pensions but cuts cost-of-living payments for retired police and firefighters. The agreement, announced Tuesday, is the...
  • Bitcoin exchange Mt. Gox says 'no prospects' for restart of business

    Bitcoin exchange Mt. Gox says 'no prospects' for restart of business
    Mt. Gox, the online bitcoin exchange that shuttered in February, said Wednesday that a Japanese court had dismissed its request for a civil rehabilitation proceeding, similar to a Chapter 11 bankruptcy filing.  As a result, the bitcoin exchange said...