Louisville, KY- A federal judge gave a same-sex couple in Lexington the permission to file for joint bankruptcy, despite the fact that their state does not recognize gay marriage.

New York, NY- The Federal Aviation Administration sent notice to the court overseeing American Airline’s bankruptcy that they may fine the company up to $162 million for safety violations.

Virginia Beach, VA- Training an Olympic athlete can be a costly adventure and known one this better than Gabby Douglas’ mother, Natalie Hawkins, who declared bankruptcy earlier this year

New York, NY- A Manhattan Bankruptcy judge has given Kodak Eastman permission to sell two key patents which will give the troubled company the opportunity to expedite bankruptcy.

Las Vegas, NV- Former Oakland Athletics player Jose Canseco recently filed for Chapter 7 bankruptcy, according to the Las Vegas Sun.

Littleton, CO- Homeowners facing foreclosure with no other alternative can often stay in their homes through bankruptcy. What is generally a move meant to protect a homeowner is being exploited by two illegal squatters who took over a Colorado fa ...

Philadelphia, PA- The 111 year-old Philadelphia Orchestra announced Tuesday that they have emerged from reorganization.

Washington D.C. - Solar panel maker, Solyndra, which received $535 million federal loans, filed its plan for reorganization in a Delaware

When a business files for Chapter 11 bankruptcy their creditors line up to get and often at the back of that line are the employees and retirees. While the bankrupt company asks for permission to give their executives million dollar bonuses, such ...

Fitch Ratings forecast that personal bankruptcies could decline by 11 percent by the end of 2012, according to Mortgage Orb.

New York, NY- When faced with too many bills and debts and not enough income some people face the inevitability of going bankrupt. This is a very difficult decision for a person to make and shouldn’t be taken lightly. Before an individual decide ...

Wichita, KS- Kansas-based Hawker Beechcraft, which manufactures aircraft recently asked that they be given permission to pay executive $5 million in bonuses, and if approved would leave employees in the lurch and the taxpayers on the hook.

A bankruptcy court judge approved the reorganization plan proposed by the Chicago Tribune helping the company exit proceedings that have dragged on for 3 ½ years.

Washington, D.C. - The Obama administration is urging Congress to make it easier for those who are burdened with student loan debt to discharge some of that debt through bankruptcy.

Washington, D.C. - Executives for Longmont, Colorado-based solar panel producer Abound blames China for their bankruptcy instead of the Department of Energy loan program.

Compton, CA- Many cities across the country are facing a fiscal crisis, but in California yet another municipal bankruptcy looms. This time it’s Compton, once known as the 4th most dangerous city in America.

St. Louis, MO- A bankruptcy judge approved the plan submitted by US Fidelis to pay $26.5 million to hundreds of thousands of customers of the collapsed firm.

If you have gotten behind on your mortgage payments you may have already received a foreclosure notice, but you don’t know what you should do. You have options and filing for Chapter 13 bankruptcy is one possibility you have to stop foreclosure, ...

San Bernardino, CA- Earlier this week San Bernardino filed for bankruptcy, making it the largest American city in history to do so. The city asserted that the their reasons for filing for chapter 9 bankruptcy were related to dwindling revenue, ac ...

Austin, TX- This year has not been a good one for green technologies, numerous solar companies have filed for bankruptcy protection and now Valence which produces batteries for electric vehicles will join the fray.