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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 56-66
  • 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...
  • Quinn, Rauner poke at each other's soft spots

    Quinn, Rauner poke at each other's soft spots
    SPRINGFIELD — Democratic Gov. Pat Quinn and Republican challenger Bruce Rauner spent Wednesday poking at the other guy’s political weak spot. For Rauner, that meant bringing up the Cook County, legislative and federal inquiries into a Quinn...
  • Poster city of abandonment

    White flight, corporate flight . . . I grew up just outside Detroit and have felt an ache in my heart for this bleeding city for so many years now. It's long been one of the country's designated loser cities, beginning in the 1960s, when change hit it...
  • 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....
  • Bankruptcies Should Cover Student Loans, Too

    Allowing student loan debt to be discharged under bankruptcy laws, as recently advocated by Sen. Richard Blumenthal, is a matter of fairness. Currently, student loans are not dischargeable. Many people oppose the senator's proposal because they think it...
  • Pennsylvania bank submits highest bid for 1st Mariner

    Pennsylvania bank submits highest bid for 1st Mariner
    A regional Pennsylvania bank submitted the highest bid at the auction for Baltimore's 1st Mariner Bank in a deal that must still be approved by a federal bankruptcy court judge and banking regulators. National Penn Bank offered $19.1 million for 1st...
  • 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...
  • 1st Mariner Bank auction set for April

    1st Mariner Bank auction set for April
    A bankruptcy judge approved First Mariner Bancorp's request to auction off its Baltimore bank quickly, a process that drew heated objections from creditors and the U.S. trustee. Judge David E. Rice set the deadline to bid on 1st Mariner Bank for April 7,...
  • 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...