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With thousands of creditors and pensioners scrambling for every nickel in Detroit's bankruptcy, one group has managed to get paid: accident victims.
When the city of Detroit filed for Chapter 9 bankruptcy in July 2013, America sucked in a collective gasp.
South Bend Tribune/MCT--A group of seven local contractors resorted to a rare legal move recently by trying to force Weiss Homes into bankruptcy.
If the Everson is not a beacon ... Syracuse will have a hard time selling itself as anything other than a city with a big mall and a basketball team.
Andrew Hicks, deputy treasurer for Franklin County, passes Green Power's partially completed biofuels plant at the Big Pasco Industrial Park.
Panama's President Ricardo Martinelli has called on Venezuela not to use its decision to break ties with his country as an excuse not to pay back a debt that tops $1bn.
In apologizing for its slow response to a faulty ignition switch that triggered a recall of about 1.6 million cars, General Motors has vowed that the new GM will do business differently than the old company that filed for bankruptcy in 2009.
Investors who tried to buy a piece of Brazil's success story through embattled Brazilian businessman Eike Batista 's many companies now at least have the chance to buy and take home a piece of the tycoonA s failed empire.
Probably to the Debtor's surprise, the BKT did not just blindly accept the Debtor's schedules, but started to investigate who or what Lin's actually was and what they actually did.
APRIL 04: Customers order lunch at a Sbarro restaurant on April 4, 2011 in Chicago, Illinois.
A week after the collapse of Mt. Gox, Japan is still struggling to craft a response to the bitcoin phenomenon, saying the crypto-currency is not legal tender, though it might be taxable and subject to money-laundering controls.
The city of Detroit remains in severe financial distress more than eight months after it filed for bankruptcy and stopped paying some of its financial obligations, a major rating agency said Friday.
Sbarro, three LI locations: Sbarro, the Melville-based international pizza purveyor, has three locations on Long Island: Sunrise Mall in Massapequa, Green Acres Mall in Valley Stream and Broadway Mall in Hicksville.
Chinese authorities allowed the country's first corporate bond default on Friday, inflicting losses on small investors in a painful step toward making its financial system more market-oriented.
Companies that were once the darlings of malls and shoppers recently have made headlines for financial struggles.