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Bankruptcy News

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

2 hrs ago | Metal Center News

Bankruptcy Court Clears Way for Sale of PTC

The U.S. Bankruptcy Court has authorized PTC Alliance, Wexford, Pa., to sell substantially all of its assets in the United States, as well as the stock of its non-debtor subsidiary, Wiederholt GmbH.

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Related Topix: Economics News, Opinion

Sun Apr 20, 2014

The Age

The inside story behind the rise and fall of Mark Karpeles' Mt Gox bitcoin exchange

Former employees of the Mt Gox bitcoin exchange say Mark Karpeles had a tight grip over the company and wouldn't share passwords or access to Mt Gox's source code.

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Related Topix: Economics News, Bitcoin, Life, Hobbies, Anime and Manga

Hispanic Business

Labour attacks Treasury over bankrupt boss of loans board

Labour has expressed astonishment at the decision to appoint a bankrupt businessman to chair a pounds 60bn quango, demanding to know who authorised the appointment in the Treasury and , shadow Treasury chief secretary, said: "It is astonishing that the prime minister and the chancellor could appoint someone who went bankrupt to run the Treasury's ... (more)

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Related Topix: Economics News

Washington Times

Bankruptcy filings in New Mexico below US average

The Albuquerque Journal reports that the clerk's office for the U.S. Bankruptcy Court in Albuquerque says the state overall had a rate of two bankruptcy filings per capita last year, which falls below the national average of 3.3. The data shows Valencia County with the highest rate of the state's 33 counties with a ratio of 2.8 filings.

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Related Topix: Economics News, Albuquerque, NM, Valencia County, NM

Washington Times

Investment firm affiliate files for bankruptcy

Federal bankruptcy court filings this month say Hopkins Northwest Fund LLC owes between $1 million and $10 million to between 100 and 200 creditors.

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Related Topix: Economics News

Sky News

Sunday's National Newspaper Front Pages

A "Tory crony" of David Cameron put in charge of a A 60bn quango has been fired after he was declared bankrupt for not paying his taxes, reports The Mail On Sunday.

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Related Topix: Economics News, Middle East, Syria, World News

Detroit Free Press

Stephen Henderson: Detroit can see light at the end of the tunnel

Aerial view of the skyline of Downtown Detroit on the morning of Sunday, Oct. 21, 2012.

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Related Topix: Detroit, MI, Family, Kids, Economics News, Pension, Personal Finance, Rick Snyder, US Governors

Sat Apr 19, 2014

Tri-cityherald.com

Port of Pasco to evict Green Power

March 10, 2014 - The Port of Pasco is evicting Green Power, a tenant since 2007, from this warehouse in the Big Pasco Industrial Park.

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Related Topix: Pasco, WA, Economics News, Franklin County, WA

Accuracy In Media

Detroit Reaches a Pension Deal to get out of Bankruptcy

After months of negotiating and seeing the city of Detroit flounder financially, the public workers union for retirees reached an agreement with the city officials led by emergency manager Kevyn Orr.

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Related Topix: Economics News

Tri-cityherald.com

Direct Air founder files for personal bankruptcy

The Sun News of Myrtle Beach reported Ed Warneck filed for Chapter 7 bankruptcy liquidation.

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Related Topix: Economics News

The Baltimore Sun

Conflict of interest questions raised in 1st Mariner fight

High finance is a small world just like 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.

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Related Topix: Economics News, First Mariner Bancorp, Banking, Financial Services

Detroit Free Press

Penske, Gilbert, Rapson on Detroit's witness list in bankruptcy case

Dan Gilbert, left and Roger S. Penske are two of the witnesses the City of Detroit expects to call during this summer's hearing on Detroit's plan for exiting bankruptcy.

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Related Topix: Economics News, Auto Dealers, Retail, Penske, Quicken Loans, Financial Services

WNWN-FM Battle Creek

Detroit bankruptcy judge seeks input from mayor, c...

U.S. Bankruptcy Judge Steven Rhodes wants to hear from Detroit Mayor Mike Duggan and City Council members before making a decision on Emergency Manager Kevyn Orr's deficit reduction plan.

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Related Topix: Economics News

Fri Apr 18, 2014

Reuters

Mt. Gox CEO won't appear in U.S. for questions about bankruptcy case

Mark Karpeles, the chief executive of Mt. Gox, said he would not come to the United States to answer questions about the Japanese bitcoin exchange's U.S. bankruptcy case, Mt.

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Related Topix: Economics News, Bitcoin

Canadian Business Magazine

Bankruptcy judge rules against American Airlines' bid to quickly end retiree benefits

A federal judge has rejected an attempt by American Airlines to quickly cut off benefits for many of its retirees.

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Related Topix: Economics News, Airlines, AMR

Detroit Free Press

Michigan House leader ups ante in Detroit bankruptcy: Unions put up cash, or no money from state

Speaker of the House Jase Bolger R-Marshal speaks to the press during a news conference in the Governor's press auditorium of the Romney Building in Lansing January 22, announcing a state funding plan related to the Detroit bankruptcy.

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Related Topix: Detroit, MI, Economics News

Manitowoc Herald Times Reporter

Wisconsin church bankruptcy plan to be put to vote

Peter Isley, front left, Charles Linneman, front middle, and Monica Barrett, front right, stand before a group of other clergy sexual abuse victims outside federal bankruptcy court Thursday, April 17, 2014, in Milwaukee.

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Related Topix: Economics News, Milwaukee, WI

InfoWorld

Investors try last-minute Mt. Gox revival as liquidation looms

Web browser or Office suite? Microsoft's and Google's office productivity and collaboration clouds pit rich and complex against simple and lean more USA Today uses it's Mashery-powered API to speed app development and drive new partnerships, resulting in the #1 news apps on devices from the iPad to the Kindle Fire.

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Related Topix: Economics News, Bitcoin, Cloud Computing, Science / Technology

Reuters

REFILE-UPDATE 1-Mt. Gox suitors seek support to save bitcoin exchange

A group of investors seeking to buy Mt. Gox has launched a website to garner support from creditors of the bankrupt bitcoin exchange to prevent a liquidation of its assets.

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Related Topix: Economics News, Bitcoin

Thu Apr 17, 2014

SFGate

Judge wants Detroit mayor to back bankruptcy plan

In this Jan. 16, 2013 file photo, Michigan Gov. Rick Snyder delivers his third annual State of the State address to a joint session of the state Legislature in the Capitol in Lansing, Mich.

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Related Topix: Economics News, Rick Snyder, US Governors, Lansing, MI, Business News

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