11/28/2012 07:49 PM
Washington, D.C. - Gift cards are popular gifts, especially during the holiday season. Under current laws, companies that go bankrupt are not required to honor the cards, but Senator Richard Blumen...
11/27/2012 09:30 PM
New York, NY- Upon the urging of a miner’s union, a New York U.S. Bankruptcy Court Judge has moved the proceedings for Patriot coal to St. Louis, Missouri.
09/13/2012 08:52 PM
New York, NY-Fashion Week is in full swing and designer Betsey Johnson is celebrating in style for her birthday and her fashion line’s emergence from Chapter 11 bankruptcy.
09/12/2012 08:56 PM
Seattle, WA- Singer John Mayer is no stranger to controversy but usually the focus is on his love life, but now he has been named in a bankruptcy lawsuit tied to a Ponzi scheme which landed the rin...
09/11/2012 09:05 PM
Wilmington, DE- Digital Domain Inc., the special effects company founded by director James Cameron filed for Chapter 11 bankruptcy protection Monday.
09/10/2012 08:28 PM
New York, NY- Kodak announced they will shuffling around executives and plan to let 1,000 employees go in an effort to emerge from Chapter 11 bankruptcy.
08/31/2012 06:59 PM
Dallas, TX- In a rare move, the pilot’s union filed an appeal, seeking to overturn the bankruptcy judge’s decision to deny American Airlines overhaul of their labor contract. Pilots wanted to come ...
08/30/2012 08:56 PM
Schenectady, NY- Contec Holdings Ltd., a cable-box repair company which is owned by Bain Capital, filed for Chapter 11 reorganization Thursday, according to Reuters.
08/29/2012 09:04 PM
Los Angeles, CA- The distribution unit of Inferno Films, which produced Brad Pitt’s latest film “Killing them Softly,” filed for Chapter 11 bankruptcy
08/28/2012 06:49 PM
Wilmington, DE – Two private equity firms, who own Solyndra, the failed solar firm that got billions in federal loan guarantees, may benefit from the companies collapse in the form of tax breaks.
08/27/2012 09:21 PM
Atlanta, GA- Last week news broke that the nation’s oldest African-American college, Morris Brown was facing foreclosure and an asset auction. In an effort to keep the historical college from closi...
08/24/2012 06:22 PM
Wichita, KS- On Friday, a bankruptcy judge denied a proposal that would award 8 executives $5.8 million in bonus while the company reorganizes their debts.
08/23/2012 08:17 PM
Mammoth Lakes, CA- Mammoth Lakes, one the three California cities to declare bankruptcy in the past two months has reached a settlement with creditors.
08/22/2012 08:01 PM
Irving, TX- Hostess Brands Inc. has sent a letter to members of the company’s largest union, asking them to consider a new contract, which calls for wage and commission cuts, and would allow the co...
08/21/2012 07:09 PM
Atlanta, GA- After Evander Holyfield lost his 54,000 sq. foot home to foreclosure, he was in dire financial straits. Now a federal bankruptcy court is forcing the five-time heavyweight champion to ...
08/15/2012 06:39 PM
Boise, ID- Idaho state Representative Phil Hart recently declared bankruptcy, owing over half a million dollars in federal taxes, but the plan recently submitted to the U.S. Bankruptcy Court was r...
08/14/2012 08:28 PM
Las Vegas, NV- A fixture on the Las Vegas strip, Jerry’s Nugget, has filed for Chapter 11 bankruptcy after talks with creditors failed.
08/13/2012 08:21 PM
New York, NY- Medical costs in the U.S. are skyrocketing and there is no relief in sight. Though President Obama’s signature policy, the Affordable Care Act was meant to address the exorbitant cost...
08/10/2012 08:16 PM
Washington, D.C. - In 1775, the Continental Congress established the post office naming beloved Founding Father Benjamin Franklin as the first Postmaster. Now, over two centuries later the U.S. Pos...
08/09/2012 08:12 PM
Stockton, CA- Just days after Stockton became the third California city to declare bankruptcy; they are facing a challenge from bond insurer MBIA Inc.