Bankruptcy
Bankruptcy Articles
ThinkstockOn Thursday, the city of Detroit filed for Chapter 9 bankruptcy protection. The total value of the city’s outstanding obligations are estimated at more than $18 billion. This makes the...
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ThinkstockIf the residents of the city of Detroit want to blame any person or organization for its Chapter 9 filing, they only need to look as far as the unions that controlled labor there and the...
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Jim Henderson, via Wikimedia CommonsSears Holdings Corp. (NASDAQ: SHLD) has been on a long and slow turnaround path but seems unable to be turned around. We have questioned this company’s long-term...
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ThinkstockWas Meredith Whitney’s prediction about municipal and state bankruptcies more reality than she was attacked for? The ratings team of Standard & Poor’s issued a substantial downgrade...
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ThinkstockAuto battery maker Exide Technologies Inc. (NASDAQ: XIDE) filed for Chapter 11 bankruptcy protection this morning. The company is on the hook for a $31 million interest payment in August...
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AMRAMR Corporation (AAMRQ) has announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the disclosure statement for the company’s reorganization plan. AMR also...
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ThinkstockBanks that are undercapitalized tend to fail. It makes sense, as the statement seems obvious after all of the bankruptcy reports we have seen in recent years. What really stands out is...
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ThinkstockJefferson County, Ala., which entered Chapter 9 over a year ago, may have set a deal to exit via an agreement with J.P. Morgan Chase & Co. (NYSE: JPM) and other lenders. The settlement...
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ThinkstockFor every Tesla Motors Inc. (NASDAQ: TSLA) success, there is at least one failure in the electric car industry. One company just went under, less than a week after Tesla paid off U.S....
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ThinkstockAffymax Inc. (NASDAQ: AFFY) has been in more than trouble. Its very future is at stake as far as investors (and speculators) are concerned. The company is restructuring, but this...
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ThinkstockEarlier this month, wireless network provider LightSquared Inc. received permission from the Federal Communications Commission (FCC) to use a band of wireless spectrum for a period of three...
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ThinkstockAny hope that Detroit can recover from decades of decay and poor management evaporated as its new emergency manager, Kevyn Orr, issued a report on his first 45 days on the job. The report...
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ThinkstockPrivately held Oreck Corp., maker of upright vacuum cleaners and other cleaning products, has filed for protection under Chapter 11 of the bankruptcy code. The company may reach an...
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Jon OggChemed Corp. (NYSE: CHE) is a very strange company. Imagine owning the Roto Rooter drain cleaning and plumbing company AND owning a for-profit hospice provider. Now a Department of Justice...
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Jon OggAmbac Financial Group, Inc. (OTCMarkets: ABKFQ) is about to do what many investors would have considered to be impossible. The public finance guarantor is set to exit bankruptcy. While new...
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