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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
  • 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...
  • 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...
  • A year into Detroit's bankruptcy, many residents still feel abandoned

    In the year since this city filed for bankruptcy, becoming the largest municipality ever to do so, leaders have adopted a more optimistic tone about the future, pledging to fix streetlights and attract new residents and jobs. But Eric Byrd isn't...
  • 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...
  • 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...
  • First Mariner swung to loss in 2013

    First Mariner swung to loss in 2013
    First Mariner Bancorp's losses mounted last year before the parent of 1st Mariner Bank filed for bankruptcy protection in February. The bank itself is not included in the Chapter 11 bankruptcy, and its Baltimore-based parent has stressed that bank...
  • 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...
  • Brevard oncologist loses $89M Medicare fraud judgment

    Brevard oncologist loses $89M Medicare fraud judgment
    A Brevard County doctor, Wasfi Makar, was hit with an $89 million judgment on Wednesday in a whistleblower Medicare fraud case. For almost 20 years, Makar ran the American Cancer Treatment Centers in Rockledge and Titusville, which are now apparently...
  • 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...
  • 1st Mariner Bank heads to auction

    1st Mariner Bank heads to auction
    The future of 1st Mariner, Baltimore's largest independent bank, could be decided this week. A bankruptcy judge approved First Mariner Bancorp's request last month to sell its bank as part of the parent company's Chapter 11 bankruptcy filing. Bids for...