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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 67-77
  • 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...
  • 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....
  • Coldwater Creek files bankruptcy, to close all stores

    Coldwater Creek files bankruptcy, to close all stores
    Women's clothing retailer Coldwater Creek Inc. on Friday filed for Chapter 11 bankruptcy after failing to find a buyer said it plans to close its stores by early summer. Coldwater Creek joins other retailers to seek protection from creditors in recent...
  • 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...
  • 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...
  • 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...
  • Rauner 'comfortable' with nursing home bankruptcy court setback

    Rauner 'comfortable' with nursing home bankruptcy court setback
    Republican governor challenger Bruce Rauner today said he’s “very comfortable” that a federal bankruptcy judge is letting a case proceed in which it is alleged the candidate’s longtime equity investment firm improperly handled...
  • Conflict-of-interest questions raised in 1st Mariner fight

    Conflict-of-interest questions raised in 1st Mariner fight
    High finance is a small world, just as Baltimore is a small town, and it showed as potential conflicts of interest cropped up during a fight over ownership of the city's biggest local bank. Two groups bid for 1st Mariner Bank in an April 10 auction, held...
  • Local firms that rely on film industry fight to keep jobs here

    Local firms that rely on film industry fight to keep jobs here
    In 1958, Ed Michelson started a motion picture catering company — Michelson Food Services — and made food for the cast and crew on such classic films as "West Side Story" and "Some Like it Hot." Michelson was one of the first to operate a...
  • Daily Record parent Dolan to file for bankruptcy-law protection

    Daily Record parent Dolan to file for bankruptcy-law protection
    Dolan Co., which owns The Daily Record, plans to file for bankruptcy-law protection next week, the Minneapolis-based company announced Thursday. Dolan, a professional services and business information firm, showed signs of mounting financial distress...