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Chapter 11

Consumer Bankruptcies Hit 5-Year High In 2010

Posted 05.25.2011 | Business

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 figur...

Consumer Bankruptcies HIt 9-Month Low

Posted 05.25.2011 | Business

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...

Bankrupticies Soar -- But Not For Businesses

Posted 05.25.2011 | Business

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 ...

Lehman's Bankruptcy Advisers Make $1.3 Million Per Day

The Huffington Post | William Alden | Posted 05.25.2011 | Business

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...

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

Washington Post | David Cho | Posted 05.25.2011 | Business

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...

Lehman Lawyer Fees Close To $2 Billion

DailyFinance | MELLY ALAZRAKI | Posted 05.25.2011 | Business

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...

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 | Business

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...

How To Live On $0 A Day: The Pros And Pros Of Declaring Bankruptcy

Lesley Stern | Posted 05.25.2011 | Comedy
Lesley Stern

It's time to get over the stigma. Bankruptcy is awesome. Once you know the specifics, you'll wish you did it sooner. I know I do.

Small Business Bankruptcies Double This Year: Report

Inc. Article |  Keaton Gray | Posted 05.25.2011 | Business

Small businesses are going bankrupt this year at more than twice the rate that they were last year, according to Equifax....

Crocs Maker Appears Headed Toward Bankruptcy

washingtonpost.com | Posted 05.25.2011 | Business

Crocs were born of the economic boom. The colorful foam clogs appeared in 2002, just as the country was recovering from a recession. Brash and bri...

Large U.S. Corporate Bankruptcies Accelerating

Reuters | Chelsea Emery | Posted 05.25.2011 | Business

Large U.S. corporate bankruptcies have accelerated in recent weeks as the U.S. economic slowdown claims more victims, according to industry data....

U.S. Government Expected To Own 70% Of GM

nytimes.com | MICHELINE MAYNARD | Posted 05.25.2011 | Business

DETROIT -- The government will hold a large share of a restructured General Motors after the company emerges from bankruptcy protection, and will prov...

Chrysler Vultures May Win Too

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

So here's what is next: Chrysler's hedge funds will make money on the deal because the courts will award something.

White House Still "Gathering Information" While Detroit Suppliers go Bankrupt

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

Even Bush doesn't want to go down in history as the man who oversaw the destruction of GM, Ford and Chrysler (I hope), and I'd guess Obama wishes he could install his own new team now and fire Paulson.

KB Toys Bankruptcy Ends Long, Shapeshifting History

Obit Magazine | Posted 05.25.2011 | Business

It was game over for the second largest toy retailer when it filed for Chapter 11 bankruptcy on December 10, the second time in four years. While KB T...

Detroit's Day of Reckoning (with Thanks to David Halberstam)

Steve Parker | Posted 05.25.2011 | Business
Steve Parker

This week's bailout hearing signaled what looks like the ultimate day of reckoning for this country's once-great and world-dominating car making industry. All Americans are tired of the excuses.

Journalist to GOP: You're 100 Percent Wrong About U.S. Automakers

Diane Tucker | Posted 05.25.2011 | Business
Diane Tucker

"People who say the U.S. doesn't innovate are woefully out of touch with Detroit's standing in this business."

Who Pays For Bogus UAL Bankruptcy Post?

Robert Reed | Posted 05.25.2011 | Chicago
Robert Reed

Who's going to feel the wrath of UAL shareholder lawsuits? There's Tribune Co., which has nearly $13 billion in debt, and then there's Google, one of the richest and most profitable companies on the globe.

Let's Get the Story Behind Faulty UAL Post

Robert Reed | Posted 05.25.2011 | Chicago
Robert Reed

Well, you've got to hand it to the Tribune Co. It made people feel sorry for United Airlines, one of those of businesses the public just loves to hate.

Could Bear Stearns Have Filed For Chapter 11?

Portfolio | Felix Salmon | Posted 05.25.2011 | Business

Does Ben Bernanke know something the rest of us don't? Here's a little bit of today's testimony: On March 13, Bear Stearns advised the Federal Re...