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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.
As Energy Future Holdings prepares for what could be one of the largest-ever U.S. bankruptcies, some of its private-equity lenders are pushing a breakup of the company that could reap them more than $1 billion in tax savings, two people close to the matter said this week.
According to the New York Times , Sbarro, founded in 1956 in Brooklyn by Naples emigres Gennaro and Carmela Sbarro, has filed for bankruptcy protection for the second time in three years.
A federal bankruptcy judge in Chicago has given power wholesaler Edison Mission Energy the go-ahead to emerge from bankruptcy by selling most of its assets to NRG Energy Inc. U.S. Bankruptcy Judge Jacqueline Cox signed off Tuesday on Santa Ana, Calif.-based Edison Mission's Chapter 11 plan agreed upon last month by the company, corporate parent ... (more)
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The city's lawyers Tuesday announced they have reached a deal that will protect members of a retiree committee from lawsuits associated with Detroit's bankruptcy case.
Prospect Park Networks, has filed for bankruptcy protection through Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Sbarro says it's filing for Chapter 11 reorganization, marking the struggling pizza chain's second trip through bankruptcy court in less than three years.
Mt. Gox CEO Mark Karpeles, center, is escorted as he leaves the Tokyo District Court on Feb. 28. Mt.
According to a government statement Monday, President Nicos Anastasiades thanked Panicos Demetriades for helping to prevent the country's bankruptcy and stabilizing the troubled banking sector.
A disgruntled bitcoin trader protests outside Mt. Gox offices in Tokyo. The bitcoin exchange, which is facing numerous lawsuits over the loss of hundreds of millions of bitcoins, has now filed for bankruptcy protection in Japan and U.S. in an effort to stall legal action against the Japanese company.
Neither the bank nor the government provided a reason for the decision by Panicos Demetriades, who will officially leave his post at the Central Bank of Cyprus on April 10. However, in a statement, President Nicos Anastasiades thanked Demetriades for helping to prevent the country's bankruptcy and stabilizing the banking sector.