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”...

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,...

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...

A Chicago investment banker says he might make a bid for the bankrupt Chicago Sun-Times Media Group.

One of the top financial advisers overseeing Chrysler LLC’s restructuring testified in bankruptcy court Monday that there is a “low likelihood” that...

A Delaware bankruptcy judge has approved proposed sale procedures for certain assets of horse track owner Magna Entertainment Corp.

Horse track owner Magna Entertainment Corp. is asking a Delaware bankruptcy judge to approve its plan to sell certain assets.

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...

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...

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...

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...

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.

Chrysler is in court for a hearing that may offer the first clue as to whether a quick, “surgical” bankruptcy is possible.

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...

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...

The Democratic-controlled Senate on Thursday defeated a plan to spare hundreds of thousands of homeowners from foreclosure through bankruptcy, a proposal that President...

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...

The U.S. government expects Chrysler to spend one to two months in bankruptcy under a plan announced on Thursday.

The Democratic-controlled Senate on Thursday defeated President Barack Obama’s plan to spare hundreds of thousands of homeowners from foreclosure through...

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...