Dynegy Puts Subsidiaries into Bankruptcy Protection
Dynegy Inc., the country’s third largest independent energy provider, filed to have some subsidiaries into bankruptcy protection as a part of a restructuring agreement with loan holders.
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Bankrupt Memphis Developer Moves into Million Dollar Mansion
Memphis, TN – Controversial Memphis Real-estate Developer Rusty Hyneman has told a U.S. Bankruptcy Court that he cannot pay off over $69 million in debts, but he made a controversial move into a $2.3 million mansion in Shelby County.
Ice Cream Company - Dippin’ Dots Inc. - Files for Bankruptcy
Dippin’Dots was once hailed as the future of ice cream but now the company faces an uncertain future after filing for Chapter 11 bankruptcy protection on Thursday in Paducah, Kentucky.
Dodgers Headed for Auction in Bankruptcy Court
Frank McCourt has agreed to sell the LA Dodgers in a bankruptcy court auction. The Major League Baseball and McCourt have come to a mutual agreement to sell the bankrupt baseball franchise. The final price tag could top $1 billion and would inclu ...
MF Global Bankruptcy is the Eighth Largest in History
MR Global Holdings is not a household name like Goldman Sachs or Lehman’s Bros., but they are a large investment bank, which announced that they would be filing for Chapter 11 bankruptcy earlier this week. Their bankruptcy is one of the eight lar ...
Beacon, Another Green Energy Company Files for Bankruptcy
The Beacon Power Company, who received a loan from the Department of Energy, has declared bankruptcy. This is the second alternative energy company to file for debt protection, just last month a solar panel manufacturing company, Solyndra filed f ...
Lehman’s sees the end of bankruptcy with 160 million in settlements
When Lehman Bros. failed in 2008 it sent shock-waves through the financial sector and played a major role on the economic crash of that year. Lehman Bros. filed for bankruptcy in September of 2008. Creditors hold more than $160 billion in claims ...
When Bankruptcy is Best to Eliminate Personal Debt
The nation’s unemployment rate is hovering above 9 percent and many workers are under-employed, which can make it nearly impossible to get out from under a mountain of debt. Sometimes people find that unforeseen circumstances have gotten them in ...
Star Island Couple Must Sell Multi-million Dollar Estate to Settle Bankruptcy
A Venezuelan entrepreneur who has been working on settling a bankruptcy must now sell a million dollar estate on the very exclusive Star Island which overlooks Miami’s skyline, according to the Miami Herald. The nine bedroom house, once owned by ...
Southern Montana Electric Cooperative Files for Bankruptcy
Billings, Mont. - A Southern Montana electric cooperative has filed for bankruptcy citing an “acute cash flow problem.” Three members of the Southern Montana Electric Generation and Transmission board voted to raise rates by 20 percent and to fil ...
Saab Reorganization in Trouble and Company Faces Bankruptcy
The Swedish car maker has been in the process of reorganization, but today the administrator has filed papers to terminate the process, which can throw the company into bankruptcy. Guy Lofalk told Reuters, “The money is not enough to continue the ...
Large Poultry Producer Files for Bankruptcy
Cagle’s, a 60 year old company and Georgia’s largest poultry producer filed for Chapter 11 bankruptcy on Wednesday, according to the Atlanta Journal-Constitution. Cagle’s listed that their assets total $92 million, but they face $68 million in de ...
Borders bookstores could disappear in a few days
By: Daun Lee
Actor Tobey Maguire tied to poker bankruptcy case
By: Daun Lee
Virginia Socialite files for bankruptcy
By: Daun Lee