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Bankruptcy News

News on Bankruptcy continually updated from thousands of sources around the net.

2 hrs ago | Reuters

Exclusive: Prosecutors' case against GM focuses on misleading statements

Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy, according to multiple sources familiar with the investigation.

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Related Topix: Criminal Defense Law, Law, Economics News, Toyota Motor, Automakers

3 hrs ago | The Fresno Bee

Dan Walters: Stockton bankruptcy judge seeks fnal answer on pension status

Ever since Stockton filed for bankruptcy two years ago, Judge Christopher Klein has strongly hinted that he's willing – perhaps even eager – to declare that city employee pension obligations are debts that could be trimmed along with those of more conventional creditors.

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Related Topix: Pension, Personal Finance, Economics News, Stockton, CA, San Bernardino, CA

Sun Jul 13, 2014

New York Daily News

Biz sued after worker was called 'Bin Laden' files for bankruptcy

It may be a while before the Yemen-born man awarded $4.7 million by a Brooklyn jury for being called "Bin Laden" and "Muslim terrorist" by a co-worker is called a millionaire.

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Related Topix: Economics News

Daily Kos

Full Circle:Detroit Bankruptcy, An Unique Opportunity To Transfer Wealth, Assets-March2013 Interview

"Looking back on the nearly 18 month period since the City of Detroit entered the roads leading to U.S. Bankruptcy Judge Steven Rhodes Court, we reflect on the variety of twists and turns traveled.

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Related Topix: Economics News, Detroit, MI, Rick Snyder, US Governors, US News, Liberal Political News

Autoblog

Bertone can't part out historically protected collection despite looming bankruptcy

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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Related Topix: Economics News, Autos

Detroit Free Press

Partners help cities, auto suppliers navigate rough waters of bankruptcy

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.

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Related Topix: Economics News, Oakland County, MI, Detroit, MI, Southfield, MI

The Campbell Reporter

Internal Affairs: Will San Jose's Camera 12's screens fade to black?

With the bankruptcy and closure of the San Jose Rep, San Jose's cultural and entertainment meccas downtown continue to face difficult times.

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Related Topix: Economics News, Theater, Arts, Santa Clara County, CA, San Francisco County, CA, San Francisco, CA

The Arizona Republic

Phoenix-area bankruptcies continue to decline in June

Phoenix-area bankruptcies continue to decline in June Phoenix-area consumers and businesses filed 10 percent fewer bankruptcies in June Check out this story on azcentral.com: http://azc.cc/1mrcdu0 For the 41st straight month, the bankruptcy picture improved in the Phoenix metro area.

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Related Topix: Economics News

Sat Jul 12, 2014

The Daily News Journal

New cooperative tone helps Detroit weather bankruptcy

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.

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Related Topix: Economics News, Wayne State University

Business Journal

Crumbs lives to bake another day

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.

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Related Topix: Economics News

Clover Herald

Former bookkeeper to serve prison time for Clover church theft

Stroupe, 67, was sentenced to serve 24 months in prison and ordered to pay the church more than $610,000 in restitution.

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Related Topix: Prison, Economics News

CBS Local

Judge Will Hear Objections From The Public On Bankruptcy Plan

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.

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Related Topix: Economics News, St. Clair Shores, MI

The Union Daily Times

Hospital district moving forward with bankruptcy process

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.

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Related Topix: Economics News

Turnto10.com

Hearing on 38 Studios lobbying questions begins

The secretary of state's office is holding a hearing on possible violations of state lobbying laws in the 38 Studios deal.

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Related Topix: 38 Studios, Economics News

Fri Jul 11, 2014

Bradenton.com

Cutoff passes in Detroit bankruptcy creditor vote

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.

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Related Topix: Economics News, Pension, Personal Finance

Ledger-Enquirer.com

$900K in debt, Nienow files for bankruptcy

Sen. Sean Nienow, of Cambridge, and his wife, Cynthia, filed for Chapter 7 bankruptcy last month, according to court records.

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Related Topix: Economics News, Small Business, Personal Finance

WOZZ-FM Appleton

De Pere school goes the bankruptcy route

The Wisconsin International School filed for bankruptcy Thursday, according to court documents.

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Related Topix: De Pere, WI, Economics News

KHGI

Western Nebraska Nonprofit Filing for Bankruptcy Protection

Gering-based Community Action Partnership of Western Nebraska says it is filing for bankruptcy protection from its creditors.

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Related Topix: Economics News, Western, NE, Non-Profit

USA Today

Creditors to vote on Detroit's $18 billion bankruptcy

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)

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Related Topix: Economics News

Ipswich Evening Star

Suffolk/Essex: Personal bankruptcy falls to pre-recession levels amid 'economic recovery'

The research, published in the Insolvency Service s annual report mapping out personal insolvency rates in England and Wales, showed there were 369 new cases of bankruptcy orders in Suffolk last year.

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Related Topix: Economics News

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