News on Bankruptcy continually updated from thousands of sources around the net.
1 hr ago | The News Tribune
The company only owns and operates seven of the nearly 2,100 Quiznos restaurants.
Trending on the Topix Network
2 hrs ago | Reuters
Sandwich chain Quiznos Corp filed for pre-packaged bankruptcy protection on Friday after struggling for years with high debt and rising competition.
4 hrs ago | KIDK CBS 3
Executives at the restaurant chain, known for its toasted sandwiches, agreed to a restructuring plan that will reduce its debt by more than $400 million, the company said in a statement Friday.
5 hrs ago | The Indianapolis Star
A real estate company that owns the building and equipment used by El Sol de Tala, a longtime Mexican restaurant on the Eastside, has filed for bankruptcy.
6 hrs ago | Detroit News
There's a long way to go in the federal investigation of General Motors Co.' s mushrooming ignition switch recall, but one thing already seems clear: the feds aren't to blame for failing to act.
11 hrs ago | The Detroit News
A Lambert, Edwards & Associates statewide survey of 600 likely voters found 61 percent support Gov. Rick Snyder's proposal to use state funds to limit reductions in pensions for Detroit retirees, while 25.5 percent oppose state financial assistance.
The Detroit City Council on Friday will consider a $120-million loan from Barclays to speed the city's bankruptcy restructuring and invest in services such as police, fire and public lighting.
Dallas-based Energy Future Holdings is close to obtaining commitments from lenders for about $7.2 billion in loans for the power provider's regulated businesses as part of a plan to speed a bankruptcy reorganization, according to two people with direct knowledge of the talks.
Calumet Photographic, a longstanding photography retailer based in Chicago, has filed for Chapter 7 bankruptcy protection and plans to close its U.S. stores.
It sounds like a PR disaster, but recalling 1.6 million faulty cars hands General Motors' new CEO Mary Barra a rare opportunity to polish the company's tarnished image, if she plays it right.
An Illinois mass transit agency has sued American Airlines Group Inc , accusing the world's largest carrier of operating a "sham" fuel sales office in a smaller town to avoid paying higher taxes in Chicago.
Mt. Gox continued to process tens of thousands of transactions a day in the two weeks leading to its collapse, potentially collecting fees.
In late January, as the bankruptcy case of convicted Iranian-Jewish businessman Ezri Namvar was coming to a close, a federal court judge granted approximately $65 million in fees to the trustees handling the case.
Although it's based in Tokyo, embattled bitcoin exchange Mt. Gox is opening a U.S. bankruptcy case in an attempt to delay a recent federal lawsuit filed in the state of Illinois on behalf of all U.S. residents burned by the exchange's demise.
Edison International announced that Edison Mission Energy's Plan of Reorganization was approved by the U.S. Bankruptcy Court.
Plus size retailer Ashley Stewart filed for Bankruptcy yesterday and the company is planning to close 27 of their 168 stores as early as the end of March.