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Bankruptcy News

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

1 hr ago | Business Journal

Doug Hazel corporation forced into bankruptcy

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.

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Related Topix: Economics News, Vero Beach, FL

5 hrs ago | Northern Michigan News

5 things to know about NYC's Tavern on the Green

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.

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Related Topix: Economics News, Life, Food, Dining

9 hrs ago | Tri-cityherald.com

Greece hits milestone, opens way for debt relief

Additional help from its bailout creditors would help the crisis-stricken country as it seeks to overcome a protracted recession and tackle rampant unemployment.

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Related Topix: Economics News

10 hrs ago | Brandon Sun

Yields fall sharply in Portuguese debt auction, raising hopes of successful end to bailout

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.

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Related Topix: Economics News

13 hrs ago | Bellingham Herald

Board approves tax credit for buyer of hospital

The Natchez Democrat reports the city's move on Tuesday was crucial to a proposed deal to sell the county-owned hospital to a private company.

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Related Topix: Economics News

Tue Apr 22, 2014

NBC12

GM, lawyers fight over bankruptcy protections

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)

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Related Topix: Economics News, Ohio, Ohio Government, Prison, Massachusetts, Massachusetts Government

West Australian

GM seeks U.S. court protection against ignition lawsuits

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.

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Related Topix: Economics News

The Huffington Post

Bankruptcy: The Foreclosure Kill Switch

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.

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Related Topix: Economics News, Foreclosures, Home, Mortgage, Personal Finance

WLUK-TV Green Bay

Steinhafelsa American TV purchase approved

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.

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Related Topix: Dane County, WI, Economics News, Pewaukee, WI

Detroit News

Schuette won't reveal next move in light of bankruptcy pension deal

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.

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Related Topix: Pension, Personal Finance, Economics News, Retirement, Rick Snyder, US Governors, US News, US Supreme Court

San Bernardino County Sun

General Motors files suit in bankruptcy court for protection against ignition switch related lawsuits

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.

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Related Topix: Economics News, Corpus Christi, TX

Tri-cityherald.com

Experts tapped to help judge in Detroit bankruptcy

She will give opinions on whether Detroit's plan is feasible and whether the forecast for future revenues and expenses is reasonable.

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Related Topix: Economics News

WTAQ-AM Green Bay

Detroit bankruptcy judge taps consultants for city...

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.

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Related Topix: Economics News

Common Dreams

Elizabeth Warren's Needed Call for Student Loan Reform

Sen. Elizabeth Warren has been Washington's loudest critic against a student loan regime that profits on the backs of students.

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Related Topix: US Politics, US News, Senator Elizabeth Warren, US Senate, Economics News, Home, Mortgage, Personal Finance, Liberal Political News

WISN-TV

Grads hit with defaults when co-signers die

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.

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Related Topix: Economics News

The Winnipeg Free Press

General Motors asks bankruptcy court for protection from ignition claims before 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.

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Related Topix: Economics News

WBNS

Grieving borrowers told to repay student loan

The Consumer Financial Protection Bureau says that after the death or bankruptcy of a parent or grandparent, some student loan borrowers who used these relatives as a co-signer are alarmed to learn they must immediately pay a loan in full.

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Related Topix: Economics News

Mon Apr 21, 2014

Sunherald.com

Palazzo: 'A sleeping giant has been awakened' as he opens Gulfport office

Dozens came through the office during the lunchroom grabbing a sandwich and handshake or a hug and often a yard sign as well.

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Related Topix: Economics News

Detroit News

Ford said to name Fields CEO, give Mulally departure date

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.

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Related Topix: Ford F-150, Ford, Truck, Automakers, Ford Motor, Dearborn, MI, Economics News

StarNewsOnline.com

Coldwater Creek files for bankruptcy, to close shops

The women's clothing retailer Coldwater Creek has filed for Chapter 11 bankruptcy protection after failing to find a potential buyer or a source of capital to help fund its turnaround efforts.

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Related Topix: Economics News

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