Struggling States Refuse Bankruptcy Bill
A number of U.S. states currently struggling with large budget deficits refused the offer of federal help by means of legislation that would allow them to declare bankruptcy, Reuters reported this week.The bill would eliminate current laws requiring states (except Vermont), which are considered sovereign entities, to finish every fiscal year with balanced sheets. They would therefore be able to file for bankruptcy and get help and protection from ....
Constar Declares Second Bankruptcy
Constar International Inc., a plastic container manufacturing firm, filed for Chapter 11 bankruptcy protection for the second time in just over two years, Bloomberg reported earlier this week.In a pre ....
Constar International Inc., a plastic container manufacturing firm, filed for Chapter 11 bankruptcy protection for the second time in just over two years, Bloomberg reported earlier this week.In a pre ....
Bankruptcies Reached 1.5 Million in 2010
A total of 1.53 million people filed for bankruptcy protection in the U.S. in 2010, representing a rise of 9% from the previous year, according to data from the American Bankruptcy Institute and the N ....
A total of 1.53 million people filed for bankruptcy protection in the U.S. in 2010, representing a rise of 9% from the previous year, according to data from the American Bankruptcy Institute and the N ....
More Bankruptcy Claims Traded In Novembe ...
More U.S. bankruptcy claims were traded last month than the rest of the year, with the Tribune Co. and Tronox Inc. bankruptcies gaining the most active interest, according to reports released earlier ....
More U.S. bankruptcy claims were traded last month than the rest of the year, with the Tribune Co. and Tronox Inc. bankruptcies gaining the most active interest, according to reports released earlier ....
Bankruptcy Filings Approach Record High
Bankruptcies in several U.S. cities are fast on the track to beat record highs, with more and more individuals and businesses declaring bankruptcy even just three weeks before year-end.In Florida's Mi ....
Bankruptcies in several U.S. cities are fast on the track to beat record highs, with more and more individuals and businesses declaring bankruptcy even just three weeks before year-end.In Florida's Mi ....
Judge Approves MGM Bankruptcy Plan
A federal judge approved Metro-Goldwyn-Meyer's Chapter 11 reorganization plan last week, bringing the company closer to exiting from bankruptcy less than a month after filing for protection.Judge Stua ....
A federal judge approved Metro-Goldwyn-Meyer's Chapter 11 reorganization plan last week, bringing the company closer to exiting from bankruptcy less than a month after filing for protection.Judge Stua ....
Empire Tower Files For Bankruptcy, Faces ...
The iconic Empire Holdings Tower in Glen Burnie, Maryland is facing foreclosure after defaulting on loans totaling some $14.5 million. Empire Holdings Corp., the building’s owner, filed for Chap ....
The iconic Empire Holdings Tower in Glen Burnie, Maryland is facing foreclosure after defaulting on loans totaling some $14.5 million. Empire Holdings Corp., the building’s owner, filed for Chap ....
Publisher American Media Declares Bankru ...
American Media, publisher of several major U.S. newspapers and magazines, filed for Chapter 11 bankruptcy protection with the Manhattan bankruptcy court on October 17.The Boca Raton, Florida-based com ....
American Media, publisher of several major U.S. newspapers and magazines, filed for Chapter 11 bankruptcy protection with the Manhattan bankruptcy court on October 17.The Boca Raton, Florida-based com ....
GM Expects A Profitable 2010
General Motors is expecting to finish with a profit for the first time in six years after having earned $2 billion in the third quarter of 2010. This new development will likely help boost the automak ....
General Motors is expecting to finish with a profit for the first time in six years after having earned $2 billion in the third quarter of 2010. This new development will likely help boost the automak ....
MGM Allowed To Use Cash Under Bankruptcy
Film producer Metro-Goldwyn-Mayer Studios Inc. has been granted permission to operate on its cash reserves while under Chapter 11 bankruptcy, aided with funding from billionaire investor Carl Icahn.Ma ....
Film producer Metro-Goldwyn-Mayer Studios Inc. has been granted permission to operate on its cash reserves while under Chapter 11 bankruptcy, aided with funding from billionaire investor Carl Icahn.Ma ....