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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 45-55
  • Bankruptcy doesn't have to be so messy for courts

    Bankruptcy courts are the mark of an advanced legal society. Think of the alternatives. Debt-slavery is inhumane. Debtors' prison is inefficient. And breaking a trader's bench and banning him from the market doesn't get anybody's assets back. But how...
  • Detroit's creditors want entire art museum collection to be fair game

    Creditors in Detroit’s municipal bankruptcy have engineered a new appraisal aimed at putting the Detroit Institute of Arts' entire collection in play as a possible chip to maximize the amount the city will be obligated to ante up for debt repayment....
  • Post House Todd Soundelux Closes Its Doors

    Todd Soundelux, the post-production house with roots stretching back to the 1950s, closed permanently yesterday. Todd Soundelux declared bankruptcy earlier this year. Leslie Cohen, the lawyer who was handling the company's attempts to find a buyer,...
  • When home improvement isn't an improvement

    When home improvement isn't an improvement
    Home improvement projects can easily cost tens of thousands of dollars, which means the stakes are high if something goes wrong. And things do. Maryland regulators received more than 4,400 complaints about home improvement contractors in the last...
  • 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...
  • 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...
  • 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...
  • Exclusive: Inside new CEO Mary Barra's urgent mission to fix GM

    Exclusive: Inside new CEO Mary Barra's urgent mission to fix GM
    Mary Barra, mother of two and the first female CEO of General Motors, sat silently while the parents of ten dead children unloaded their grief and anger on her. Some read prepared statements; others spoke off the cuff. One father unbuttoned his dress...
  • Fisker Karma may relaunch in 2015

    Fisker Karma may relaunch in 2015
    A plan for Fisker Automotive Inc. is solidifying that would put the company's gas-electric hybrid Karma luxury automobile back on the road in mid-2015, according to its newly appointed interim president. The hope is that the newly launched car, backed...
  • Two bidders will vie for 1st Mariner Bank

    Two bidders will vie for 1<sup>s</sup><sup>t</sup> Mariner Bank
    1st Mariner Bank, Baltimore's largest independent bank, will go to auction Thursday morning with two bidders vying for the bank. Parent company First Mariner Bancorp is selling the bank as part of the parent's Chapter 11 bankruptcy, filed Feb. 10. The...
  • 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...