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Chapter 11

DMX, BROKE!

Posted 08.05.2013 | Black Voices

Less than a week following a DUI arrest in South Carolina, rapper-actor DMX filed for bankruptcy in a Manhattan court on Monday. According to the W...

8 Companies You Didn't Know Went Bankrupt

The Huffington Post | Andy McDonald | Posted 04.03.2014 | Business

When a company declares Chapter 11 bankruptcy, it stays in control of its assets, works out a plan with the courts to pay its debts, and ideally c...

Health Care Company Files For Bankruptcy, Blames Gov't Cuts

Reuters | Posted 07.30.2013 | Business

By Tom Hals May 30 (Reuters) - Sound Shore Health System Inc of suburban New York City filed for Chapter 11 bankruptcy, blaming gover...

10 Mysteries About the Girls Gone Wild Bankruptcy

Gene Marks | Posted 05.08.2013 | Business
Gene Marks

The company's bankruptcy filing listed $16.3 million in debt and $50,000 in assets. How can a company like this even have any assets? Is it the stacks of VHS tapes sitting in the corner? The Hollywood rights to "Sexiest Shower Scenes?"

Rep. Ruben Hinojosa, Member Of House Financial Services Committee, Emerges From Bankruptcy

The Huffington Post | Chelsea Kiene | Posted 03.07.2013 | Politics

Rep. Ruben Hinojosa (D-Texas), who filed for personal bankruptcy in December 2010, has emerged from Chapter 11, according to a court document. The ...

The Visual Effects (VFX) Paradox

John Tarnoff | Posted 02.19.2013 | Business
John Tarnoff

How can it be that almost every movie (and every big-grossing movie!) out there is VFX-driven, and yet one of the top companies in the industry has to file Chapter 11?

If My Home Is In Foreclosure, Should I File For Bankruptcy?, From Suze Orman (WATCH)

Posted 08.14.2013 | MarloThomas

If your home is in foreclosure, there is no reason to claim bankruptcy. When personal finance expert Suze Orman met with me on Mondays With Marlo, she...

Catherine New

Health Experts Wish Twinkie Would Die Already

HuffingtonPost.com | Catherine New | Posted 11.20.2012 | Business

The prospect of a Twinkie-free future has provoked longing for a mythologized American past, as if artificially sweetened cream and dyed yellow cake w...

Betsey Johnson LLC Files For Bankruptcy

The Huffington Post | Ellie Krupnick | Posted 04.27.2012 | Style

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

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

AP | CAROLYN THOMPSON | Posted 06.06.2012 | Business

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...

Don't Trust This Company For Tax Help

AP | Posted 03.19.2012 | Money

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

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

AP | MAE ANDERSON and MICHELLE CHAPMAN | Posted 03.12.2012 | Business

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...

Follow the Money

Jon Heavey | Posted 02.29.2012 | Politics
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.

WATCH: Hilarious Animated Take On American Airlines Chapter 11

Posted 11.30.2011 | Travel

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

Expert: What The American Airlines Bankruptcy Means To You

Peter Greenberg | Posted 01.30.2012 | Travel
Peter Greenberg

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

How Will AA's Bankruptcy Affect Fliers?

AP | SCOTT MAYEROWITZ | Posted 01.29.2012 | Travel

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

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

Posted 11.29.2011 | Business

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 ...

Corporate Bankruptcies Could Return With New Recession

Posted 12.11.2011 | Business

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

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

Posted 08.02.2011 | Business

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...

Goldman Sachs, Other Banks Propose Plan To Restructure Lehman Brothers

Posted 06.25.2011 | Business

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 ...

Dish Network Wins Bid To Buy Blockbuster

AP | Posted 06.06.2011 | Business

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, ...

Sbarro Pizza Officially Files For Bankruptcy

AP | MICHELLE CHAPMAN | Posted 06.04.2011 | Business

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...

Doomsday Comes For Borders

AP | Posted 05.25.2011 | Business

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...

Resolving the Mortgage Mess

Dr. Philip Neches | Posted 05.25.2011 | Business
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?

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

Lawrence G. McDonald | Posted 05.25.2011 | Business
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.