Bankruptcy Court

Borders Bookstore Will Eliminate 11,000 Jobs, Close 400 Remaining Stores

Posted 09.17.2011

Read More: Borders Bankruptycy, Layoffs, Creditors, Liquidation, U.S Bankruptcy Court, Great Recession, Auction, Booksellers, Borders, Economic Recovery, Hilco Merchant Resources, Gordon Brothers Group, Mike Edwards, Bankruptcy Court, Ebooks, Business News

Bankrupt Borders Group Inc said it has canceled its auction and will sell itself to a group of liquidators. Borders announced the decision on M...

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Fund's Bet On Post-Failure Lehman Brothers Could Reap Huge Rewards

Wall Street Journal | MATT WIRZ, MIKE SPECTOR and TOM MCGINTY | Posted 07.10.2011

Read More: Lehman Brothers Holding, Investment Bank, Wall Street, John Paulson, Lehman Brothers, Subprime Mortgage, Bankruptcy Court, Business News

Hedge-fund manager John Paulson made $4 billion betting against subprime mortgages, the market that ultimately helped destroy Lehman Brothers Holdings...

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Dish Network Wins Bid To Buy Blockbuster

AP | Posted 06.06.2011

Read More: Dish Blockbuster, Chapter 11, Blockbuster Bankruptcy, Carl Icahn, DISH Network, Blockbuster Bought, Netflix, Bankruptcy Court, Amazon, Business News

NEW YORK -- Dish Network Corp. said Wednesday that it won the auction for Blockbuster Inc. with a bid valued at $228 million in cash. As of Tuesday, ...

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Madoff Trustee Sues JPMorgan, Others For $6.4 Billion

AP | Posted 05.25.2011

Read More: Business News, JPMorgan Chase, Ponzi Scheme, Irving Picard, Madoff Scandal, Bankruptcy Court, Business News

NEW YORK — The trustee trying to recover money for investors cheated by Bernard Madoff is suing JP Morgan Chase for $6.4 billion, saying the ban...

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Lehman's Bankruptcy Advisers Make $1.3 Million Per Day

The Huffington Post | William Alden | Posted 05.25.2011

Read More: Enron, Chapter 11, Lawyers, Lehman Bankruptcy, Sotheby's, Lehman Brothers, Bankruptcy Court, Business News

More than two years after it collapsed in the biggest bankruptcy in U.S. history, Lehman Brothers is still shelling out money. The firm's total bankr...

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Garnished Wages For Working Poor: Banks And Debt Collectors Often Go After Borrowers, Win

New York Times | JOHN COLLINS RUDOLF | Posted 05.25.2011

Read More: Court, Debt, Bankruptcy, Debit Cards, Middle Class, Banking Lobby, Hsbc, Working Poor, Debt Collectors, Credit Cards, Laws, Garnish Wages, Banks, Interest Rates, Garnished Wages, Capitol One, Bankruptcy Court, Business News

One of the worst economic downturns of modern history has produced a big increase in the number of delinquent borrowers, and creditors are suing them ...

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Fontainebleau Las Vegas: Carl Icahn Set To Buy Unfinished Casino-Resort

AP | OSKAR GARCIA | Posted 05.25.2011

Read More: Jeffrey Truitt, Carl Icahn, The Fontainebleau Hotel, Fontainebleau Bankruptcy, Las Vegas, Bankruptcy Court, Business News

LAS VEGAS — Billionaire investor Carl Icahn is closer to buying the unfinished Fontainebleau Las Vegas casino-resort on the Strip after two othe...

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Judges Siding With Some Homeowners In Mortgage Court Fights

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011

Read More: Court, Debt, Judges, Economy, Real Estate, Mortgage Note, Mortgage, Lender, Homelessness, Note, Homeless, Banks, Foreclosure, Housing Crisis, Bankruptcy Court, Business News

FOR decades, when troubled homeowners and banks battled over delinquent mortgages, it wasn't a contest. Homes went into foreclosure, and lenders took ...

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Paterson Signs Order That Could Save OTB

AP | Posted 05.25.2011

Read More: Off-Track-Betting, Otb, New York, Paterson, Governor Paterson, Bankruptcy Court, New York News

ALBANY, N.Y. (AP) -- Gov. David Paterson has signed an executive order that could send the long-troubled New York City Off-Track Betting Corp. to bank...

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