Bankruptcy
Bankruptcy Articles
After years of bitter court battles with creditors, Argentina has defaulted on its debt, according to rating agency Standard & Poor’s. After failing to come to an agreement with creditors from...
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ThinkstockWe have yet another economic report this Thursday. This was a report from the National Association of Credit Managers (NACM). You can guess what they track — credit availability,...
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If you have followed the RadioShack saga for very long, you may be less surprised than those who think a turnaround is possible to hear that RadioShack looks to be running out of cash.
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RadioShack's stock has traded below $1 so long that it has received notice from the New York Stock Exchange that its shares may be delisted. The notice likely will cause investors to drive the share...
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courtesy of American Apparel imageAmerican Apparel (NYSE: APP), already hammered by the dismissal of CEO and founder Dov Charney, may not meet the covenants of key loans which the retailer likely...
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RadioShack shares traded under $1 on Friday. If you are a shareholder who is surprised about this, then about the only excuse would be is if your name is Rip Van Winkle.
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courtesy of RadioShackRadioShack Corp. (NYSE: RSH) needs to immediately reflect upon its earnings report in June and admit that the situation is untenable. The company’s sales trends and earnings...
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Fitch pointed out that RadioShack had not received consent from its lenders to close up to 1,100 stores as contemplated by management. Fitch thinks this will lead it to close only 200 stores.
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A former executive with Sears Holdings said late last week that his former company should "embrace the inevitable." He called what is happening at Sears the "world's slowest liquidation sale."
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RadioShack had planned to close 1,100 stores. Lenders including GE Capital blocked the plan and forced the company to cut back the number to 200. Its stock may well trade for pennies very soon.
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As a reward for Antonio Perez's outstanding performance as CEO of Eastman Kodak last year, he received $6.71 million. Perez was named CEO in 2005 and led the company into bankruptcy in 2012.
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ThinkstockAfter failing to find a buyer, struggling women’s clothing retailer Coldwater Creek Inc. (NASDAQ: CWTR) has filed for Chapter 11 bankruptcy protection while it liquidates its stock and...
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The natural gas revolution claimed its first coal-mining victim after markets closed Monday night. James River Coal filed for Chapter 11 bankruptcy protection as it tries to find either investors or...
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ThinkstockThe first question anyone might ask if a stock falls from more than $9 to less than $2.50 is whether it already imploded? Prana Biotechnology Ltd. (NASDAQ: PRAN) has done just that in the...
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ThinkstockThe population drain in Detroit likely has not reached a bottom. The Census put the figure at just above 701,000 in 2012 (USA Today put the number lower at 684,799). That is down from a...
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