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Seven famous people who survived bankruptcy (CNN)
As the economy continues to look grim, the word "bankruptcy" is on the tips of more and more tongues. While being unable to pay one's creditors is never a good situation for a company or an individual, it may not be the financial kiss of death that you might think. (Just ask Donald Trump, whose casinos have gone bankrupt twice.)
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Chrysler Assessed, Dropped Bankruptcy Before Aid Push (Update2) (Bloomberg)
Nov. 19 (Bloomberg) -- General Motors Corp. , Ford Motor Co. and Chrysler LLC's chief executive officers told Congress they studied bankruptcy before dismissing the idea as unworkable and asking the U.S. government for money to survive.
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Chrysler Assessed, Dropped Bankruptcy Before Aid Push (Update1) (Bloomberg)
Nov. 19 (Bloomberg) -- Chrysler LLC Chief Executive Officer Robert Nardelli told Congress his automaker studied a prearranged bankruptcy before dismissing the idea as unworkable and approaching the U.S. government for money to survive.
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Antioch Company files for bankruptcy protection (Yellow Springs News)
After almost a year of considering alternative paths, leaders of The Antioch Company last Wednesday, Nov. 12, filed for chapter 11 bankruptcy and reached an agreement with lenders on how to handle the company’s debt.
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Chrysler Considered, Abandoned, Bankruptcy Before Seeking Aid (Bloomberg)
Nov. 19 (Bloomberg) -- Chrysler LLC Chief Executive Officer Robert Nardelli said his company studied a prearranged bankruptcy before dismissing the idea as unworkable and approaching the U.S. government for money to survive.
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Steve & Barry’s seeking to liquidate chain (BizJournals)
The new owner of Steve & Barry’s LLC has filed to put the sportswear retailer into Chapter 11 bankruptcy reorganization and asked a bankruptcy court judge in New York to allow liquidation sales at its 173 stores and distribution centers.
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Bankruptcy Research Finds Bankruptcy Law Reform Has Hurt the Poor Most (Newswise)
A new study co-authored by University of Law professor Katherine Porter found that federal bankruptcy reforms that took effect in 2005 have not protected low-income people nor forced well-off people to pay their debts, as the law intended.
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Ohio AG: Buyer beware in 'going out of business' sales (WKYC Cleveland)
COLUMBUS --- With big-name retailers such as Circuit City and Value City announcing store closings and bankruptcy filings, Ohio Attorney General Nancy Rogers is reminding consumers to shop wisely during 'going out of business' sales.
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(AFX UK Focus) 2008-11-19 20:23 Lance named lead bidder for 2 bankrupt snack food cos (Interactive Investor)
Nov 19 (Reuters) - U.S. bankruptcy court for the District of Delaware approved Lance Inc as the lead bidder for the assets of two privately held snack food companies. Lance said it has bid $30 million for the combined assets of Archway Cookies LLC and Mother's Cake and Cookie Co. The company plans to use available liquidity under its current credit facilities to fund the acquisition, if it wins ...
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Ohio AG Warns Consumers About 'Going Out Of Business' Sales (WLWT-TV Cincinnati)
With big-name retailers such as Circuit City and Value City Departments Stores announcing massive store closings and bankruptcy filings, Ohio Attorney General Nancy H. Rogers reminded consumers Monday to shop wisely when purchasing from retailers that are going out of business.
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