| Apr 28, 2014
| 8:40 AM
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...
| Apr 28, 2014
| 9:15 AM
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...
| May 30, 2014
| 3:06 PM
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....
| Apr 11, 2014
| 7:41 AM
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...
| Jun 13, 2014
| 10:00 AM
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...
| Jun 4, 2014
| 11:46 AM
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...
| May 7, 2014
| 11:23 AM
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...
| May 7, 2014
| 1:17 PM
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...
| Apr 19, 2014
| 11:00 AM
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...
| Mar 19, 2014
| 5:30 AM
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...
| Mar 21, 2014
| 7:46 AM
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...