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Congress was decidedly unimpressed by the three domestic auto makers’ plea for a bailout last week and responded by asking them to do the impossible: conjure up plans by Dec. 2 detailing how a bailout would revive them.
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California, one of the world’s largest economies, has reached the brink. It is a sad day for America for California always promised the “Golden Road”...
made popular Jul 3 2009
The state of California is headed toward bankruptcy. The state has the dubious honor of having the lowest bond rating of any state, worse than even corrupt Louisiana,...
made popular Jun 25 2009
A three-member federal appeals court panel in New York is expected today to hear final arguments on whether Chrysler can sell itself to a new company run by Italian...
made popular Jun 5 2009
AP, Chicago
A Chicago investment banker says he might make a bid for the bankrupt Chicago Sun-Times Media Group.
made popular May 4 2009
AP, New York
One of the top financial advisers overseeing Chrysler LLC’s restructuring testified in bankruptcy court Monday that there is a “low likelihood” that...
made popular May 4 2009
AP, Wilmington
A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.
made popular May 4 2009
AP, Wilmington
Horse track owner Magna Entertainment Corp. is asking a Delaware bankruptcy judge to approve its plan to sell certain assets.
made popular May 4 2009
AP, New York
A bankruptcy judge has postponed his decision on whether Chrysler can start the process of transferring its assets to a new entity partnered with Italian automaker...
made popular May 4 2009
AP, Wilmington
Discount retailer Filene’s Basement says it has filed to reorganize under Chapter 11 bankruptcy protection, less than two weeks after its new owner said it was...
made popular May 4 2009
AP, Wilmington
Discount retailer Filene’s Basement says it has filed for Chapter 11 bankruptcy protection, less than two weeks after its new owner said it was reviewing...
made popular May 4 2009
AP, Vancouver
The company that publishes The Columbian newspaper in Vancouver, Wash., has filed for Chapter 11 bankruptcy protection in an effort to resolve credit issues involving a...
made popular May 2 2009
AP, Dover
Pimlico Race Course in Baltimore and Magna Entertainment Corp.’s other horse racing assets in Maryland are off the auction block, at least for now.
made popular May 2 2009
AP, New York
Chrysler is in court for a hearing that may offer the first clue as to whether a quick, “surgical” bankruptcy is possible.
made popular May 1 2009
In a not-wholly surprising move, America’s ailing automaker Chrysler has filed for bankruptcy. The deadline for coming up with a viable plan for survivor or else...
made popular May 1 2009
AP, Billings
Court filings show Yellowstone Club owner Edra Blixseth is more than $150 million in debt, while most of her houses, cars and other property have been put up as...
made popular May 1 2009
AP, Washington
The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President...
made popular Apr 30 2009
AP,
The 45-51 roll call by which the Senate on Thursday defeated a measure that would have given bankruptcy judges authority to reduce the costs and terms of mortgages for...
made popular Apr 30 2009
AP,
The U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday.
made popular Apr 30 2009
AP, Washington
The Democratic-controlled Senate on Thursday defeated President Barack Obama’s plan to spare hundreds of thousands of homeowners from foreclosure through...
made popular Apr 30 2009
AP, Washington
With President Barack Obama on the sidelines, the Senate defeated his promise of a bankruptcy court refuge for hundreds of thousands of families about to lose their...
made popular Apr 30 2009
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This is a list of recent business-related bankruptcies filed in U.S. Bankruptcy Court in Minneapolis and St. Paul. The number following the filing date is the case...
made popular Nov 24 2008
Building products maker USG Corp. announces to remove 500 jobs, or 10 percent of its salaried work force worldwide, as its products demand slashed by a slump in the...
made popular May 22 2007
Northwest Airlines Corp., the last major US carrier still in bankruptcy after the September 11 attacks that distressed the industry, won authorization to emerge from 20...
made popular May 19 2007
Northwest Airlines, the Eagan based carrier, stated that majority of its creditors have approved its reorganization plan, another key step in its plan to emerge from...
made popular May 10 2007
‘We’re free at last,” jubilant Delta Chief Executive Gerald Grinstein jumped at his toe as U.S. bankruptcy court allows Delta Air Lines Inc. to...
made popular May 1 2007
A US bankruptcy court on Wednesday gave Delta Air Lines Inc. the approval to exit bankruptcy at the end of this month. Delta Air Lines, the third- largest US carrier,...
made popular Apr 26 2007
Delta Inc. might finally bid adieu to its bankruptcy days. In a statement released on Monday, the company claimed that an unofficial voting by its creditors showed that...
made popular Apr 17 2007
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Bankruptcy Bankruptcy Court Business business Slow Down Chapter 7 Comair delta Delta Air Lines depression Detroit Ed Bastian Ford General Motors GM Minneapolis Northwest Airlines September 14 2005 St. Paul United States US Airlines
