News on Bankruptcy continually updated from thousands of sources around the net.
1 hr ago | Autoblog
Some companies can survive long after their founder has left the building, while others are so centered around the identity of one individual that everything unravels in their absence.
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5 hrs ago | Detroit Free Press
William Andrews, Detroit's former program management director and former chief of operations, and two others run a boutique consulting firm, Alderney Advisors, that specializes in municipal and auto supplier restructuring, receivership and bankruptcies.
10 hrs ago | The Campbell Reporter
With the bankruptcy and closure of the San Jose Rep, San Jose's cultural and entertainment meccas downtown continue to face difficult times.
DETROIT a?? A year into Detroit's historic bankruptcy, state-appointed emergency manager Kevyn Orr says the mayor and City Council are ready to run the city once his tenure ends in September.
Take heart, fans of expensive cupcakes: Crumbs is getting another chance. The New York-based chain, which has four locations in Massachusetts, filed for Chapter 11 bankruptcy protection as part of a deal that will place the company in the hands of CNBC star Marcus Lemonis and Fischer Enterprises.
Stroupe, 67, was sentenced to serve 24 months in prison and ordered to pay the church more than $610,000 in restitution.
It is expected to be a packed house at Detroit Federal court next week as dozens of people look to voice their opposition to the city's "Plan of Adjustment" to exit bankruptcy.
The Union Hospital District is moving forward with a bankruptcy process that could help it pay off its debts while continuing to provide health care services to the people of Union County.
Ballots had to be received no later than 5 p.m. EDT by a consulting company in California to be counted in the largest municipal bankruptcy in U.S. history.
Sen. Sean Nienow, of Cambridge, and his wife, Cynthia, filed for Chapter 7 bankruptcy last month, according to court records.
The Wisconsin International School filed for bankruptcy Thursday, according to court documents.
Gering-based Community Action Partnership of Western Nebraska says it is filing for bankruptcy protection from its creditors.
The fate of Detroit's bankruptcy rests in the hands of retirees, bondholders, banks and small creditors - with their votes due today on a sweeping restructuring plan that would allow the city to Creditors to vote on Detroit's $18 billion bankruptcy DETROIT - The fate of Detroit's bankruptcy rests in the hands of retirees, bondholders, banks and ... (more)
New York-based investment bank Miller Buckfire is expected to collect a fee of $28 million if the city of Detroit is able to restructure its debt in bankruptcy, according to an internal city document obtained by the Free Press.
The New York company said it is in talks with "various interested parties" and could restructure its business days after closing its stores.
Internal City of Detroit documents obtained by the Free Press spell out the percentage cuts for each group creditors, with the city predicting it will be able to dump more than $7 billion in debt and liabilities, or about 74%, in Chapter 9 bankruptcy.
Updated: Sun Jul 13, 2014 02:06 pm
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