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Charlestown residents fight for their homes while the city mayor and other government officials weigh a plan for demolishment to pave way for development of new city projects. What defense do homeowners and other residents have at their disposal? Could bankruptcy stop this property seizure? City officials do not think so.
→ Read MoreParent company of Reader’s Digest is heading into its second bankruptcy filing in less than four years. Reports indicate the move is intended to address excessive debts that have been weighing the company down for some time.rn
→ Read MoreIconic video game maker Atari is heading into Chapter 11 bankruptcy, reports say, in order to sever affiliation with its French parent company, which is facing similar financial woes. rn
→ Read MoreTribune Co., which owns Chicago Tribune, the Los Angeles Times and several other media facets, is set to emerge from the Chapter 11 bankruptcy they filed over four years ago. The media giant went through an extensive debt restructuring and reports new ownership under a slew of high-rolling shareholders.
→ Read MoreVideo game publishing company THQ, may be filing for Chapter 11 bankruptcy but they don’t see it as a bad thing. The developer responsible for games like Homefront, Saints Row and the upcoming South Park: The Stick of Truth, is viewing their filing as a fresh financial start, according to this week’s press release.
→ Read MoreFacing nearly $5 billion in debt, power company Edison Mission Energy of Edison International, has reportedly filed for Chapter 11 bankruptcy protection in order to avoid default.
→ Read MoreTwinkies maker, Hostess Brands, is shutting its doors for good. Hostess products have been an American staple since the 1930s. What happened?
→ Read MoreThe American snack food we all remember savoring at some point in our lives is soon to be no more. The maker of cream-filled Twinkie, Hostess Brands Inc., announced last week that it is liquidating and going out of business after a failed bankruptcy.
→ Read MoreKodak said this week that they are headed toward an end to their bankruptcy as a $793 million financing deal with bondholders is in the works.
→ Read MoreIt may seem that celebrities have more than enough money to get by, but even movie stars and famous singers file for consumer bankruptcy; and sometimes they even get in trouble with the law in the process. GrammyAward-winning singer Toni Braxton is facing accusations of defrauding the bankruptcy court by transferring over $53,000 to her estranged husband to avoid paying her bankruptcy creditors. ”¨”¨
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