Chapter 11

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Goldman Sachs To Be Paid $1 Billion If CIT Fails; Taxpayers Would Lose $2 Billion

Financial Times | By Henny Sender and Saskia Scholtes | Posted 10.04.2009 | Business

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

Lesley Stern | Posted 10.19.2009 | Comedy

Read More: Chapter 11, Depression, Lawyers, Larry King, Bankruptcy, Humor, Satire, Economy, Donald Trump, Economic Crisis, Financial Meltdown, Credit Card Debt, Recession, Comedy, Financial Advice, Comedy News

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.

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Small Business Bankruptcies To Double This Year: Report

Inc. Article | Â Keaton Gray | Posted 08.28.2009 | Business

Read More: Chapter 11, Small Business, Entrepreneurship, Bankruptcy Rates, Business News

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

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Crocs Maker Appears Headed Toward Bankruptcy

washingtonpost.com | Posted 08.18.2009 | Business

Read More: Chapter 11, Crocs, Bankruptcy, Crocs Bankruptcy, Financial Crisis, Shoes, Recession, Business News

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...

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Lenny Dykstra Files For Bankruptcy - Ex-Met Was Fan Favorite

AP | By Larry Mcshane | Posted 08.08.2009 | New York

Read More: Lenny Dykstra Bankruptcy, Chapter 11, Lenny Dykstra Chapter 11, Chapter 11 Bankruptcy, New York Mets Dykstra, Dykstra Chapter 11, Lenny Dykstra, New York Mets, Dykstra, New York Mets Lenny Dykstra, Dykstra Bankruptcy, New York, Sports, New York News

LOS ANGELES — Former New York Mets outfielder Lenny Dykstra has sought bankruptcy protection in Los Angeles, citing more than $31 million in deb...

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Large U.S. Corporate Bankruptcies Accelerating

Reuters | Chelsea Emery | Posted 07.17.2009 | Business

Read More: Chapter 11, Corporate Bankruptcies, Bankruptcies, Business News

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

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Crash diet: GM getting in shape for Chapter 11

AP | TOM KRISHER and KIMBERLY S. JOHNSON | Posted 06.29.2009 | Business

Read More: Chapter 11, Uaw, General Motors, General Motors Bankruptcy, Detroit Three, Gm, GM Chrysler Bankruptcy, Detroit Bailout, Business News

DETROIT — The speed at which General Motors Corp. exits bankruptcy protection would depend a lot on the shape the company is in when it enters. GM h...

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

nytimes.com | MICHELINE MAYNARD | Posted 06.26.2009 | Business

Read More: Chapter 11, Detroit Automakers, Uaw, General Motors, GM Bankruptcy, United Auto Workers, Obama Administration, Detroit Bailout, Business News

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

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Chrysler Vultures May Win Too

Diane Francis | Posted 05.31.2009 | Business

Read More: Chapter 11, Automakers, Gmac, Chrysler, Auto Bailout, President Obama, Bankruptcy, General Motors, Hedge Funds, Fiat, Caw, Car Woes, Uaw, Auto Industry, Detroit, Cars, Business News

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

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Donald Trump's Casino Company Files For Bankruptcy

AP | WAYNE PARRY | Posted 03.20.2009 | Business

Read More: Chapter 11, Donald Trump, Trump Casinos Bankruptcy, Donald Trump Casinos, Ivanka Trump, Donald Trump Bankruptcy, Trump Casinos, Trump Bankruptcy, Trump Entertainment, Business News

ATLANTIC CITY, N.J. — The three Atlantic City casinos once run by Donald Trump filed for Chapter 11 bankruptcy protection on Tuesday _ for the t...

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Fortunoff Files For Bankruptcy

AP | Carlyn Kolker and Lauren Coleman-Lochner | Posted 03.08.2009 | Business

Read More: Chapter 11, Department Stores, Retail, Bankruptcy, Fortunoff Holdings, Fortunoff, Business News

WESTBURY, N.Y. — Fortunoff, a chain of housewares stores in the Northeast, said Thursday it has filed for Chapter 11 bankruptcy protection and i...

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

Steve Parker | Posted 01.18.2009 | Business

Read More: Toyota Camry, Chapter 11, White House, Thailand, Troubled Assets Relief Program, Flint, Chrysler, Rick Wagoner, United Auto Workers, Cars, Detroit News, Arizona, Facebook, Ford, Detroit Newspapers, Key Plastics, Los Angeles Auto Show, Mark Fields, Southern California, Larry King, Daewoo Lacetti, General Motors, Japanese Cars, Ford Flex, President Bush, Carl Levin, President-Elect Barack Obama, China Brilliance, Uaw, Bankruptcy, Gm, Minivan, Alan Mulally, Special Devices, Detroit Three, Gran Torino, Detroit Free Press, Washington DC, Sandy Levin, Clint Eastwood, Chevrolet Volt, Chevrolet Cruze, Bill Ford, TARP and Auto Bailout, Henry Ford, Detroit Three Loans, South Korea, European Cars, Henry Paulson, Sabic, Detroit Bailout, Automaker Bailout, Detroit, Big Three Automakers, Detroit Automakers, Unions, Auto Industry, Automakers, Jobs, Bailout, Unemployment, The Big 3, Labor Unions, Detroit Bailout Reaction, Detroit Auto Show, Business News

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.

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KB Toys Bankruptcy Ends Long, Shapeshifting History

Obit Magazine | Posted 01.15.2009 | Business

Read More: Chapter 11, Bankruptcy, KB Toys Bankruptcy, KB Toys, Economy, Financial Crisis, Recession, Business News

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...

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

Steve Parker | Posted 12.20.2008 | Business

Read More: Chapter 11, Peter Morici, Chrysler, United Auto Workers, Rick Wagoner, David Halberstam, Cars, Chris Dodd, Ford, Robert Lutz, Nissan, Robert Nardelli, US Senate, Detroit, Richard Shelby, President Bush, Masters of the Universe, Northwest Airlines, Uaw, Bankruptcy, Gm, Alan Mulally, Pebble Beach, Detroit Three, Washington DC, Democrats, Barack Obama, Tokyo Motor Show, Ron Gettelfinger, Code Pink, Harry Reid, Republicans, Dearborn, Business News

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.

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

Diane Tucker | Posted 12.19.2008 | Business

Read More: Chapter 11, George Bush, Harley-Davidson, Toyota, Alan Mulally, Rick Wagoner, Honda, Diane Tucker, Recession, Barack Obama, Ford Motor Co, Detroit Automakers, Chevrolet Volt, Bailout, General Motors, Economic Recession, Recession Fears, Tariffs, Financial Crisis, Peter De Lorenzo, Richard Shelby, Auto Industry, John McCain, GM Bankruptcy, Fuel Efficiency, Green Cars, Foreign Car Industry, Foreign Cars, Fuel Efficient Cars, Imported Cars, Gm Chapter 11, Congressional Bailout, Business News

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

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Who Pays For Bogus UAL Bankruptcy Post?

Robert Reed | Posted 10.12.2008 | Chicago

Read More: Chapter 11, United Chapter 11, Tribune Company, UAL Shareholders, United Airlines, South Florida Sun Sentinel, United Bankruptcy Lawsuits, United Bankrupt, Bloomberg, UAL Shareholder Lawsuits, United Bankruptcy, Tribune Google, United Bankruptcy Story, Google, Sam Zell, Chicago News

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.

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Let's Get the Story Behind Faulty UAL Post

Robert Reed | Posted 10.09.2008 | Chicago

Read More: Chapter 11, Tribune Company, Nasdaq, United Airlines, Sam Zell, United Bankruptcy, United Chapter 11, United Bankrupt, South Florida Sun Sentinel, Bloomberg, United Bankruptcy Story, Chicago News

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.

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Michael Vick Applies For Bankruptcy Protection

AP | MICHAEL FELBERBAUM | Posted 07.16.2008 | Business

Read More: Michael Vick, Mike Vick, Chapter 11, Bankruptcy, Michael Vick Bankrupt, Atlanta Falcons Michael Vick Dogfighting, Sports, Nfl, Football, Atlanta Falcons, Business News