News on Bankruptcy continually updated from thousands of sources around the net.
1 hr ago | Business Journal
A Florida corporation owned by Doug Hazel, the son of the late prominent Washington, Mo., businessman Ernest Hazel III, was forced into Chapter 7 bankruptcy Friday.
Trending on the Topix Network
5 hrs ago | Northern Michigan News
New York City's Tavern on the Green, closed since the previous operators lost their lease and declared bankruptcy in 2009, reopens Thursday under new management.
9 hrs ago | Tri-cityherald.com
Additional help from its bailout creditors would help the crisis-stricken country as it seeks to overcome a protracted recession and tackle rampant unemployment.
10 hrs ago | Brandon Sun
Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday.
An Ohio man who was 19 when he made a false distress call that triggered a massive, 21-hour search on Lake Erie must pay $489,000 in restitution to the U.S. and Canadian agencies involved in the needless rescue... An Ohio man who was 19 when he made a false distress call that triggered a massive, 21-hour search on Lake Erie must pay $489,000 in ... (more)
Plaintiffs suing the company also filed a proposed class action lawsuit in Manhattan bankruptcy court on Monday, seeking an order declaring that GM cannot use the bankruptcy protection to absolve itself from liabilities.
With banks and other lenders frequently unwilling or incapable of providing real solutions such as principal reductions to keep homeowners in their homes, more and more families are faced with foreclosure.
A Dane County judge has approved the sale of five American TV & Appliance stores for a total of $21 million, including three to the Steinhafels furniture chain.
Since shortly after Detroit filed for bankruptcy in July, Schuette has made pronouncements in public and court filings that he would defend Michigan's constitutional protection of pensions.
General Motors Co. is asking a U.S. bankruptcy judge to shield it from legal claims for actions that took place before the company's 2009 bankruptcy.
She will give opinions on whether Detroit's plan is feasible and whether the forecast for future revenues and expenses is reasonable.
The federal judge overseeing Detroit's historic bankruptcy case tapped a top restructuring official at Phoenix Management Services on Tuesday to help the court determine if the city's plan to adjust its $18 billion of debt is feasible.
Sen. Elizabeth Warren has been Washington's loudest critic against a student loan regime that profits on the backs of students.
Student loan borrowers are suddenly being thrown into default when the co-signer on their loan -- often a parent or grandparent -- dies or files for bankruptcy.
General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009.
Dozens came through the office during the lunchroom grabbing a sandwich and handshake or a hug and often a yard sign as well.
Ford Motor Co., the second-largest U.S. automaker, will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the company he is credited with saving, according to two people familiar with the pending announcement.