Chapter 11

Betsey Johnson LLC Files For Bankruptcy

The Huffington Post | Ellie Krupnick | Posted 04.27.2012

Read More: Chapter 11, Betsey Johnson Bankruptcy, Betsey Johnson LLC, Video, Betsey Johnson Style, Betsey Johnson Filing for Bankruptcy, Designers, Betsey Johnson, Slidepollajax, Betsey Johnson Chapter 11, Betsey Johnson LLC Bankruptcy, Style News

Betsey Johnson LLC is filing for Chapter 11 bankruptcy, reports Women's Wear Daily. Betsey Johnson LLC is the designer's licensing company, which ...

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Kodak, Under Bankruptcy Protection, Still Wants To Shell Out Huge Bonuses

AP | CAROLYN THOMPSON | Posted 04.06.2012

Read More: Photography, Chapter 11, Retirees, Video, Employees, Bankruptcy, U.S. Bankruptcy Court, Medicare, Eastman Kodak Co., Health Care Benefits, Business News

BUFFALO, N.Y. — Eastman Kodak Co. is seeking permission to pay about 300 executives and other employees a total of $13.5 million in bonuses to p...

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Don't Trust This Company For Tax Help

AP | Posted 03.19.2012

Read More: Taxes, Chapter 11, Tax Masters Bankrupt, Chapter 11 Bankruptcy, Taxmasters, Tax Masters Chapter 11, Bankruptcy, Money News

HOUSTON -- TaxMasters Inc. has filed for bankruptcy protection following a legal challenge from Texas prosecutors who say the company's famed TV comme...

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Maker Of Twinkies, Wonder Bread Files For Bankruptcy For The Second Time

AP | MAE ANDERSON and MICHELLE CHAPMAN | Posted 03.12.2012

Read More: Chapter 11, Video, Bankruptcy, Twinkies, Business News, Hostess-Bankruptcy, Wonder Bread, Hostess Company, Hostess-Bankruptcy-2012, Business News

NEW YORK — The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat. Hostess Brands is hoping to cut its high costs as it he...

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Follow the Money

Jon Heavey | Posted 02.29.2012

Read More: Conflict of Interest, Banks, Iraq, Bailout, Afghanistan, War, Chapter 11, U.S. Economy, Politics News
Jon Heavey

Senior executives and policy leaders have repeated the same tired excuse time and again, "We had to do this, it was the only responsible thing to do." Keep that in mind, and you will see it for what it is: self-serving bullshit.

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WATCH: Hilarious Animated Take On American Airlines Chapter 11

Posted 11.30.2011

Read More: Chapter 11, Video, Bankruptcy, American Airlines Bankruptcy, Taiwanese Animation, Travel Video, American Airlines, Nma, Travel News

Taiwanese animation studio Next Media Animation offers its take on the news that American Airlines has filed for bankruptcy protection in a hilarious ...

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Expert: What The American Airlines Bankruptcy Means To You

Peter Greenberg | Posted 01.30.2012

Read More: Chapter 11, American Airlines Bankruptcy, American Miles Redemption, American AAdvantage, Travel News, American Airlines, American Airlines Miles, Airline Bankruptcy, Travel Blogs, Travel News
Peter Greenberg

In the short run, fliers won't notice any changes with American Airlines. But longer term? I do have concerns.

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How Will AA's Bankruptcy Affect Fliers?

AP | SCOTT MAYEROWITZ | Posted 01.29.2012

Read More: Chapter 11, American Airlines Bankruptcy Protection, American Airlines Bankruptcy, Global Pulse, American Airlines Chapter 11, American Airlines, Airlines, Travel News

NEW YORK — For most of the 240,000 passengers who fly American Airlines each day, the airline's bankruptcy filing should have little noticeable ...

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Some Missing MF Global Money May Be At A Big Bank In Britain

Posted 11.29.2011

Read More: European Debt Crisis, Chapter 11, JP Morgan Chase, Financial Industry, Video, Bankruptcy, Wall Street, European Sovereign Debt, Reuters, MF Global, New York Times, Money Management, Business News

About $200 million in customer funds missing at MF Global may have surfaced at JP Morgan Chase in Britain, the New York Times said, citing people ...

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Corporate Bankruptcies Could Return With New Recession

Posted 12.11.2011

Read More: Chapter 11, Video, General Motors, Lehman Brothers, Bankruptcy Filings, Euro Debt Crisis, Chrysler Group, Renewable Energy, American Airlines, Kodak, Consumer Spending, Global Restructuring Group, Business News

(Tom Hals, Sue Zeidler and Caroline Humer) - Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, cor...

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Private Equity Firm In Talks To Buy What's Left Of Borders

Posted 08.02.2011

Read More: Chapter 11, Gores Group, Liberty Media Corp., Barnes & Noble Inc, Multimedia, Bankruptcy, Waldenbooks, Bookstores, Wall Street Journal, Borders Group Inc, Video, Business News

NEW YORK - Private equity firm Gores Group is in talks to buy more than half of bankrupt bookseller Borders Group Inc's remaining stores, the Wall...

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Goldman Sachs, Other Banks Propose Plan To Restructure Lehman Brothers

Posted 06.25.2011

Read More: Chapter 11, Goldman Sachs, Lehman Restructure, Morgan Stanley, Lehman Bankruptcy, Lehman Brothers, Lehman Proposal, Lehman Brothers Holdings, US Bankruptcy Court, Business News

A group of banks including Goldman Sachs (GS.N) and Morgan Stanley (MS.N) has filed a plan to restructure Lehman Brothers Holdings Inc that would ...

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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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Sbarro Pizza Officially Files For Bankruptcy

AP | MICHELLE CHAPMAN | Posted 06.04.2011

Read More: Bankruptcy, Chapter 11, Sbarro Bankruptcy, Sbarro Chapter 11, Sbarro Pizza, Pizza Bankruptcy, Melvile, Sbarro Restructure, Business News

MELVILLE, N.Y. — Pizza and pasta chain Sbarro Inc. said Monday that it is filing for Chapter 11 bankruptcy protection as it works to restructure...

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Doomsday Comes For Borders

AP | Posted 05.25.2011

Read More: Chapter 11, Borders, Borders Bankruptcy, Borders Bankruptcy 2011, Borders Bankruptcy News, Business News

NEW YORK — Borders Group Inc. may file for bankruptcy reorganization as early as Monday or Tuesday, according to a report in the Wall Street Jou...

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Resolving the Mortgage Mess

Dr. Philip Neches | Posted 05.25.2011

Read More: Tarp, Bank of America, Mortgage Crisis, Banks, Bankruptcy, Bank Bailout, Chapter 11, Federal Reserve, Legacy Asset Servicing, Bac, Business News
Dr. Philip Neches

Bank of America announced last Friday that they were creating a new subsidiary, Legacy Asset Servicing, to handle their 1.3 million troubled mortgages. What does this move really mean?

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Fannie Mae and Freddie Mac's Days Are Numbered, But It's a Big Number

Lawrence G. McDonald | Posted 05.25.2011

Read More: Fannie Mae, Congress, Freddie Mac, Barack Obama, Dodd-Frank Bill, Chapter 11, Michael Lewis, Hensaling, New York Times, Andrew Ross Sorkin, Fcic, Fhfa, Business News
Lawrence G. McDonald

Is there anything new we have learned in the FCIC's report? Are there clear recommendations that will help prevent another financial crisis? No. The commission was divided by politics.

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Consumer Bankruptcies Hit 5-Year High In 2010

Posted 05.25.2011

Read More: Business News, US Economy, Consumer Debt, Consumer Bankruptcies, Chapter 11, Chapter 7, Consumer Bankruptcies 2010, Business News

NEW YORK (By Jonathan Stempel) - The number of U.S. consumers who filed for bankruptcy protection in 2010 was the highest in five years, and the figu...

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Grocer With Nearly 400 Stores Files For Bankruptcy

AP | SARAH SKIDMORE | Posted 05.25.2011

Read More: A&P Bankruptcy, A&P, A&P Bankrupt, Bankruptcy, Chapter 11, Bankrupt, Grocery Stores, Food News

PORTLAND, Ore. — The Great Atlantic & Pacific Tea Co., once the nation's largest grocer, has filed for Chapter 11 bankruptcy protection as it st...

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Consumer Bankruptcies HIt 9-Month Low

Posted 05.25.2011

Read More: Bankruptcy Protection, U.S. Consumers, Chapter 11, American Bankruptcy Institute, Economic Recovery, Bankruptcies, Consumer Bankruptcies, Business News

NEW YORK: The number of consumers who filed for bankruptcy protection fell in November to a nine-month low, amid signs that consumers are taking on le...

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Bankrupticies Soar -- But Not For Businesses

Posted 05.25.2011

Read More: Chapter 11, Banks, Personal Bankruptcies, Bankruptcy Filings, Business Bankruptcies, Chapter 7, Business News

WILMINGTON, Delaware - Bankruptcies rose 13.8 percent in the year to September 30 but business filings fell for the first time since the start of the...

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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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U.S. Tax Code Encourages Companies To Rack Up Debt

Washington Post | David Cho | Posted 05.25.2011

Read More: Taxes, Chapter 11, Tax Code, Dept, Bankruptcy, Default, Corporations, Financial Crisis, Retail, Tax Breaks, Corporate Taxes, Wall Street, Business News

Over the past generation, debt in America has exploded, becoming a way of life in nearly every sphere of society. And the tax code has been its handma...

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Lehman Lawyer Fees Close To $2 Billion

DailyFinance | MELLY ALAZRAKI | Posted 05.25.2011

Read More: Chapter 11, Lawyers, Worldcom, Financial TImes, Lehman Lawyers, Lehman Brothers, Enron, Lehman Brothers Bankruptcy, Lehman Lawusit, Kenneth Feinberg, Business News

It seems there are always those who gain from others' misery. In this case, the lawyers and accountants circling Lehman Brothers stand to make more th...

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Goldman Sachs Will Earn $1 Billion If CIT Fails; U.S. Taxpayers Will Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 05.25.2011

Read More: Chapter 11, Goldman Sachs, Credit Default Swaps, Finance, CIT Bankruptcy, Treasury, Cit, Timothy Geithner, Bankruptcy, Geithner, Lenders, Bailouts, Blankfein, Lloyd Blankfein, Business News

Goldman Sachs stands to receive a payment of $1bn -- while US taxpayers would lose $2.3bn -- if embattled commercial lender CIT files for Chapter 11 b...

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