Articles

• Donald Trump's Companies Filed for Bankruptcy 4 Times

  Donald Trump -- or companies that bear his name - have declared bankruptcy four times. View More

• Swift Energy Launches Bankruptcy Turnaround Bid

  The oil-and-gas company has a deal to sell some assets and an agreement with some bondholders View More

• 3 Consequences of Declaring Bankruptcy That You May Not Be Aware Of

  Before you consider bankruptcy, here are three things you need to know about it. View More

• Working through the bankruptcy maze

  The Bankruptcy Bill, as introduced in the Lok Sabha in the winter session, is a significant step in the right direction and should be welcomed View More

• Settlement pending in Gallup, N.M., bankruptcy

  After recently beginning its third year in bankruptcy court, racking up more than $3.2 million in bankruptcy costs and participating in three court-ordered mediations, the Gallup diocese is on the verge of brokering a settlement with clergy sex abuse claimants. View More

• On Puerto Rico, Congress should say YES to bankruptcy, NO to bailout

  Puerto Rico is sinking in $73 billion of debt. Mired in a long-running depression, the U.S. territory has already cut essential services to bare bones. Puerto Rico can’t fully pay its bondholders without setting off total economic collapse. View More

• Queens Bankruptcy Attorney Bruce Feinstein, Esq. Shares Top Ten Money Matters for a Successful 2016

  Bruce Feinstein, Esq., an experienced bankruptcy attorney in Queens, New York, encourages his clients and others to take on effective ways to improve their finances in the New Year. View More

• Washington-area bankruptcy filings for Dec. 28

  Correction: An earlier version of this story incorrectly reported that Loudoun Sheet Metal Co. had filed for Chapter 11 bankruptcy. Loudoun Sheet Metal Co. has not filed for bankruptcy. View More

• Insolvency and Bankruptcy Code: A legislation to promote investments, develop credit markets

  Currently, there is no single law dealing with insolvency and bankruptcy in India. View More

• First Circuit Considers Whether Student Loan Debt May Be Dischargeable Through Bankruptcy

  A case pending before the Court of Appeals for the First Circuit could upend the established rules for paying off student loans. In Murphy v. Dep’t of Educ., et al., no. 14-1691, plaintiff-appellant Robert Murphy principally alleges that the trial court erred in concluding that the plaintiff-appellant’s student loan repayment would not constitute an “undue hardship” under the relevant portion of the Bankruptcy Code. If the First Circuit agrees with Mr. Murphy, certain student loan debt currently excluded from discharge through bankruptcy could become dischargeable, and lenders could be left holding the bag. View More

• Popular Raleigh floral and event designer files for bankruptcy

  Popular Raleigh special events company Fresh Affairs LLC has filed for Chapter 11 bankruptcy protection, but owner Lyn Graves says the floral company is still in operation and anticipates no disruption to any of his events already booked for New Year's and into 2016. View More

• Contract Corner: Drafting to Protect Your IP Rights in Licensors Bankruptcy

  Contract Corner: Drafting to Protect Your IP Rights in Licensor’s Bankruptcy View More

• Russias Biggest Bank Threatens Mechel With Bankruptcy

  Russia’s biggest corporate lender is giving a once mighty steel giant an ultimatum: put up or we are shutting you up. View More

• Failed Golf Channel Back9Network Files for Bankruptcy

  A golf channel that briefly aired to DirecTV subscribers before shutting down in February has filed for bankruptcy with a $2 million offer for a small piece of its operations: a smartphone app that mapped out more than 35,000 golf courses around the world. View More

• KaloBios Pharmaceuticals files for bankruptcy after Shkrelis arrest

  Martin Shkreli earned his notoriety for hiking up the price for HIV drugs, produced by a company he bought, by some 700% before being arrested in connection with securities fraud View More

• Heres what the bankruptcy bill all about

  The Insolvency and Bankruptcy Bill 2015, tabled in the parliament last week, assumes importance as one of the most important items on the government's agenda after the constitutional amendment bill to roll out the Goods and Services Tax. View More

• Calgary chocolatier Bernard Callebaut declares personal bankruptcy

  Well-known Calgary chocolatier Bernard Callebaut has declared personal bankruptcy. View More

• Tiltons Patriarch Defends Bid to Tip Zohar Into Bankruptcy

  Lynn Tilton’s Patriarch Partners LLC fired back in its battle over whether it can put into bankruptcy investment vehicles controlled by MBIA that are composed of loans to distressed companies. View More

• KaloBios Files for Chapter 11 Bankruptcy

  KaloBios Pharmaceuticals, the troubled California biotechnology company that ousted Martin Shkreli this month, filed for Chapter 11 bankruptcy on Tuesday. View More

• Rare Involuntary Bankruptcy Filings Rising in Oil and Offshore

  Rising financial stress in the U.S. energy sector has prompted some suppliers and vendors to take unusual legal action to collect unpaid debts: forcing struggling companies with billions of dollars in debt into bankruptcy. View More

• Cashman: Student debt bankruptcy relief urged

  Attorney General Maura
 Healey is proposing a change to bankruptcy laws that many college graduates would see as a Christmas miracle — allowing student debt to be wiped away if you file for bankruptcy. View More

• Jeff Parsons bankruptcy sales raise $2 million from personal assets

  Bankruptcy sales of Jeff Parsons' personal assets in the last two years raised approximately $2 million toward $20 million in claims allowed, according to a final trustee's report filed this week. View More

• Stocktons Bankruptcy Plan Safe From Unhappy Creditors

  The City of Stockton, Calif., can rest easy after a bankruptcy appellate court refused to unravel its bankruptcy plan, finding that upsetting the plan could have a “potentially devastating impact” (Franklin High Yield Tax-Free Income Fund v. City of Stockton (In re City of Stockton), 2015 BL 408028, B.A.P. 9th Cir., No. 12-32118-CMK, 12/11/15). View More

• Kathy Jackson may face second bankruptcy

  Legal experts say Kathy Jackson could be forced into bankruptcy a second time, because some of the costs orders which form part of her $2.4 million debt to the Health Services Union will remain­ enforceable for 12 years. View More

• Sick Wife Drawn Into Husbands Bankruptcy Troubles

  A debtor who took over his wife's businesses when she developed serious health issues will have to use the business assets to pay off his personal debts (BCL-Sheffield, LLC v. Gemini Int'l, Inc. (In re Tolomeo), 2015 BL 409960, N.D. Ill., No. 1:15-cv-08118, 12/15/15). View More

• Tenafly Swim Club files for bankruptcy; latest Bergen County swim club in crisis

  TENAFLY — The Tenafly Swim Club has filed for bankruptcy, managers at the club confirmed Monday afternoon. View More

• RoomStores files for bankruptcy; warns of layoffs, closings

  The RoomStore furniture chain has filed for bankruptcy protection as company officials project the longtime Phoenix retailer will lose about $2 million this year. View More

• Bankruptcy Bill: The fight against crony capital now has two legs

  The Insolvency and Bankruptcy Code, 2015, moved by the NDA government on Monday (21 December) in the Lok Sabha as a “money” bill, is probably more important for the future of Indian capitalism than the Goods and Services Tax (GST) bill on which a lot of political capital has been expended. View More

• Why most states are on the verge of bankruptcy

  In July 2014, the Federal Government allocated N630.32bn to all the three tiers of government – Federal, States and Local Governments. In August 2014, N601.65bn was allocated to the states. For September 2015 the figures just released indicate that a total of N389.936 was shared by all the tiers of government; representing drops of 35% and 38% from the August and July 2014 allocations. View More

• David Hasselhoff-Endorsed Start-up Enters Bankruptcy

  This week on The Broke and the Beautiful, a home-services start-up endorsed by The Hoff filed for bankruptcy, and an executive who helped re-pitch the concept for “Survivor” after it was snubbed by major networks fighting for profits. Also, “Dance Moms” star Abby Lee Miller might be missing from a few episodes, and “Gossip Girl” star Kelly Rutherford won’t have custody of her kids. View More

• End of chaotic era in Troy as Horowitz bankruptcy case is dismissed

  The end of the Sandy Horowitz real estate development era in Troy – so painful the past six years – appears to be at an end. View More

• BLEAK CHRISTMAS AHEAD: Bankruptcy fear hits states (2)

  Being the second part of the cash crunch affecting states across the country. The first part was published last Sunday. View More

• Bankruptcy closes chapter for Gardiner restaurant

  Proceeding clears $150,000 in debts left behind from Alex Parker's Steakhouse, which operated at 259 Water St. from April 2013 to October 2014. View More

• Feud Between Relativity Founder, Consultants Erupts in Bankruptcy Filings

  Filings, recent correspondence paint picture of difficult relationship View More

• Battle for Survivor Profits Ends up in Bankruptcy Court

  A television executive who said he helped Emmy Award-winning producer Mark Burnett re-pitch the concept for “Survivor” after major networks snubbed it is fighting to collect millions of dollars of the reality show’s profits. View More

• Brazils OAS creditors pass bankruptcy plan, Invepar deal, source says

  Dec 18 Creditors of Grupo OAS , the Brazilian engineering firm under creditor protection, agreed to sell a 24.4 percent stake in infrastructure company Invepar to Brookfield Asset Management Inc for at least 1.35 billion reais ($346 million), a source with knowledge of the matter said. View More

• Bankruptcy could be option for ailing DPS

  Each month the Legislature fails to act on Gov. Rick Snyder’s proposals for fixing Detroit Public Schools brings the district a step nearer to a Chapter 9 bankruptcy filing, which now even the governor is calling an option. View More

• Colt Is Coming Out Of Bankruptcy As Democrats Move To Ban Its Iconic Rifle

  Colt has announced it is moving out of Chapter 11. Given the current political climate with the AR-15, this brings to mind Dickens’ unforgettable lead to A Tale of Two Cities: “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness …” and it was the epoch of freedom and the season of political demagoguery. View More

• Relativity Bankruptcy: Ryan Kavanaugh Feuds With Studios Chief Restructuring Officer

  Creditors are also voicing concerns about the plan for the studio's reorganization. View More

• Governor of Puerto Rico Warns of Looming Default Without Bankruptcy Plan

  The governor of Puerto Rico redoubled threats on Wednesday of a major bond default, as an effort to help the struggling commonwealth use bankruptcy to shed debt headed for defeat in Congress. View More

• Call for credit rating rules to match Bankruptcy Bill

  Legislation reducing bankruptcy term from three years to one comes into force in new year View More

• Colt Ready To Exit Bankruptcy; Union Agrees To Retiree Benefit Cuts

  Colt Ready To Exit Bankruptcy; Union Agrees To Retiree Benefit Cuts View More

• The Mutual Fund Equivalent of Bankruptcy

  The Mutual Fund Equivalent of Bankruptcy View More

• Coupon-clipping NHLer wont sue parents over bankruptcy

  Bankrupt NHL defenceman Jack Johnson, reduced to clipping coupons as he navigates his way through bankruptcy, has decided not to pursue a lawsuit against his spendthrift parents, according to court filings. View More

• Seegrid recovering from bankruptcy

  CEO Jim Rock said the plan for rescuing Seegrid involved taking the Findlay company into bankruptcy in October 2014, a decision that could have shaken the confidence of customers who purchased the company’s vision-guided industrial vehicles. View More

• Norways Dolphin Group Files for Bankruptcy

  Dolphin Group ASA, which conducts offshore seismic surveys for oil and gas companies, filed for bankruptcy Monday in Oslo, Norway to wind down its operations. View More

• Stamford developer files for bankruptcy protection

  A company that owns and manages a number of commercial and residential properties in the city filed for bankruptcy protection Monday and its president stepped down after two partners in the company questioned his bookkeeping. View More

• Winter Session: Govt to introduce Aadhaar, bankruptcy legislation as Money Bills in Parliament

  The government is likely to introduce legislations on Aadhaar and bankruptcy code as money bills with a view to ensuring their smooth passage in Parliament. View More

• Bankruptcy Academics Oppose Possible Bond Law Changes

  A group of bankruptcy scholars have come out against possible changes to a Depression-era law that could wiggle their way into the spending bill currently before Congress. View More

• G.M. Compensated Some Pre-Bankruptcy Crash Victims

  As General Motors publicly expressed remorse over its decade-long failure to disclose defective ignition switches, it successfully fought to retain its protection from any lawsuits for crashes that occurred before its 2009 bankruptcy. View More

• Totowa law firm files for bankruptcy protection

  A Totowa law firm has filed for Chapter 11 bankruptcy protection from creditors, including lawyers from other firms that assisted in legal work on behalf of former Prudential Financial Inc. employees, who more than a decade ago accused the insurer of discrimination and other improper employment practices. View More

• Free bluegrass plays on as Kentucky town angles for bankruptcy

  In the Kentucky town of Hillview, residents enjoy free once-a-month use of a trash dumpster and a free bluegrass music program every Thursday night. They’re still buzzing about last month’s free winter festival and exotic animal show, which was interrupted when a 70-pound porcupine darted into the ladies’ room. View More

• Court asked to extend Priory Hall developers bankruptcy term

  Thomas McFeely rejects allegations he has not been cooperating with process View More

• Minnesota diocese files for bankruptcy after abuse judgment

  Duluth, Minn., Dec 9, 2015 / 12:26 am (CNA).- The Catholic Diocese of Duluth is filing for bankruptcy protection after a multi-million dollar abuse judgment. The diocese says it aims to provide justice for victims while allowing the work of the Church to go on. View More

• Fuhu Files for Bankruptcy Amid Fight With Foxconn

  Tentative price of $9.5 million put on Fuhu’s assets View More

• More North American drillers slide into bankruptcy

  If oil prices stay low, total in North America could double next year View More

• As Seen In Bankruptcy Court: Struggling Oddball Retailers End Up With Same Pitch

  The past year has seen a wave of bankruptcies from companies whose products were better at spawning memes than sales. The medium doesn’t seem to matter. SkyMall folded its print catalog, infomercial specialist Thane International filed for bankruptcy in Canada, and online invention crowdsourcing startup Quirky Inc. filed Chapter 11. View More

• Former Heinz CEO Anthony J.F. O Reilly declares bankruptcy

  Former H.J. Heinz Co. chief executive officer Anthony J.F. O’Reilly has been declared bankrupt by a court in the Bahamas, which clears the way to file for an insolvency arrangement, according to the Irish Times newspaper. View More

• Restaurants Acquisition I LLC, operator of Black-eyed Peas 14 Texas restaurants, files for bankruptcy

  The owner and operator of Texas’ Black-eyed Pea restaurants has filed for bankruptcy reorganization. View More

• Charter school CEO who shuttered schools, filed for bankruptcy still doing business under schools name

  The owner of an Orlando-based charter school chain that filed for Chapter 7 bankruptcy last spring after abruptly shuttering three schools — including one in Duval County — is apparently still doing business under the same company name. View More

• After big expansion, iconic S.F. brewery files for Chapter 11 bankruptcy

  Fresh off of a major expansion, iconic San Francisco craft brewery Magnolia Brewing Co. filed voluntarily for Chapter 11 bankruptcy protection last week, according to court documents. View More

• Why Bankruptcy Might Be the Mining Industrys Last Best Hope

  For the world’s ailing metals-mining industry to have any hope of a turnaround, more producers may have to go belly up. View More

• Bankruptcy term to be cut to one year

  Minister for Justice to accept Labour bill and legislate to reduce three-year regime View More

• Ohio-based recycler Axion International files for bankruptcy

  By the time Axion International Holdings Inc. decided to seek bankruptcy protection, the Zanesville, Ohio-based recycled plastic railroad tie maker had become desperate. View More

• Shoe Queen Tamara Mellon Puts Luxury Line in Bankruptcy

  Footwear luminary Tamara Mellon, who co-founded the Jimmy Choo designer shoe label, has put her namesake brand into bankruptcy. View More

• Vantage Drilling Files for Bankruptcy Protection

  Rig operator strikes debt-for-equity swap with lenders and bondholders View More

• Mark Burnetts Ex-Partner Declares Bankruptcy on Eve of Survivor Trial

  Conrad Riggs' Cloudbreak Entertainment makes its move in the midst of a legal war with a 'Survivor' consultant. View More

• Detroit seeks $50M from vendors paid before bankruptcy

  Detroit emerged from the nation's largest bankruptcy almost one year ago, but some of its creditors this week are finding themselves under the gun to pay back the city. View More

• Ruling on Energy Future bankruptcy exit plan set for Thursday

  Dec 2 The U.S. judge overseeing the Energy Future Holdings Corp bankruptcy will announce on Thursday morning whether he will approve a Chapter 11 exit plan for the company, Texas's biggest power company, the judge said on Wednesday. View More

• Short bankruptcy term may be bittersweet pill

  Time will tell if the Government was right to reduce the term to just one year. All we can say for sure is there is no one-size-fits-all solution to the bankruptcy conundrum View More

• Surgeon Dies in Bankruptcy Leaving Probate Quagmire

  The wife of a famous surgeon was left with a fraction of the family probate allowance she would have been entitled to under Texas law after her husband fled to Florida, filed for bankruptcy, and subsequently died under bizarre circumstances. View More

• Owner of Sharonridge, 3 other Charlotte apartments files for Chapter 11 bankruptcy

  Owner of Sharonridge, 3 other Charlotte apartments files for Chapter 11 bankruptcy View More

• Owner of Black-eyed Pea restaurants in Texas files for bankruptcy

  The owner of Black-eyed Pea restaurants in Texas filed for Chapter 11 bankruptcy reorganization Wednesday, saying it has been unable to attract new capital in the last two years and has closed 15 stores in the wake of shrinking profits. View More

• Russias Bankruptcy Law: Hit or Miss?

  It's been nearly two months since Russia first allowed people to declare bankruptcy, and so far it's going as swimmingly as declarations of overwhelming debt possibly can. Earlier apocalyptic predictions of arbitration courts drowning under a tsunami of citizens rushing to settle their financial troubles have not come to fruition. The program's got off to a healthy start, with a reported 2,000 personal bankruptcy applications filed in the law's first 30 days. View More

• Spains largest ever corporate bankruptcy?

  Shares of Spanish renewables giant Abengoa closed down over 30 percent on Thursday, one day after the company began insolvency proceedings. View More

• Post-bankruptcy, Family Christian Stores enters holiday season with renewed vision

  GRAND RAPIDS, MI – After a harrowing bankruptcy in which Family Christian Stores barely escaped liquidation, the nation's largest chain of Christian gift and book stores hopes shoppers will find a new experience this holiday season. View More

• Top bankruptcy expert to examine ex-Rangers owner Craig Whytes finances

  ONE of Britain's leading bankruptcy experts has been appointed to examine ex-Rangers owner Craig Whyte's finances. View More

• Bankruptcy Court approves sale of 47 Haggen stores, including 11 in Washington

  Haggen announced Wednesday that U.S. Bankruptcy Court in Delaware confirmed the sale of 47 of its stores, including 11 in Washington. View More

• Obama green energy project Abengoa on verge of bankruptcy; demise recalls Solyndra

  If you were wondering what the Spanish word for “Solyndra” is, this week provided the answer: “Abengoa.” View More

• Obama green energy project Abengoa on verge of bankruptcy; demise recalls Solyndra

  If you were wondering what the Spanish word for “Solyndra” is, this week provided the answer: “Abengoa.” View More

• Obama green energy project Abengoa on verge of bankruptcy; demise recalls Solyndra

  If you were wondering what the Spanish word for “Solyndra” is, this week provided the answer: “Abengoa.” View More

• Obama green energy project Abengoa on verge of bankruptcy; demise recalls Solyndra

  If you were wondering what the Spanish word for “Solyndra” is, this week provided the answer: “Abengoa.” View More

• Obama green energy project Abengoa on verge of bankruptcy; demise recalls Solyndra

  If you were wondering what the Spanish word for “Solyndra” is, this week provided the answer: “Abengoa.” View More

• Norman nanotechnologies company files for Chapter 7 bankruptcy

  Once hailed as an example of a promising Oklahoma tech startup, Norman-based company SouthWest NanoTechnologies has filed for Chapter 7 bankruptcy. View More

• Drumms bankruptcy setback could weaken him in extradition fight

  Former Anglo Irish Bank chief executive debt stands at $11m View More

• Energy Future, creditors reach settlement over bankruptcy plan

  Nov 24 Texas's biggest power company, Energy Future Holdings Corp, has reached a settlement with the last group of creditors opposed to its Chapter 11 bankruptcy plan, increasing the likelihood the plan will be confirmed. View More

• Zohar I Bankruptcy May Provide Peek Into Lynn Tiltons Empire

  Assets of securitized debt pool would be laid out for inspection during proceedings View More

• The pitfalls of no Puerto Rico bankruptcy

  Congress has scheduled yet another hearing on the debt crisis slowly destroying the lives of millions of American citizens living in Puerto Rico. If this results in prompt legislative action, we should applaud the exercise of strong, even if belated, leadership. If this results only in more platitudes on a vague need for “structural reform,” then we should notch another failure of our congressional representatives to solve actual problems where real people suffer. Nor will the Obama administration escape unscathed if nothing happens; it is not helpless, so “Blame Congress” won’t work. View More

• David Drumm loses appeal against rejection of bankruptcy

  Failure to disclose transfer of mortgage on Skerries property was ‘misdirection, dishonesty’ View More

• Operator of cruise ship that stops at Clayton files for bankruptcy

  The operators of a cruise ship that has scheduled stops in 2016 at the Thousand Islands Regional Dock at Frink Park has filed for bankruptcy. View More

• Kingston alderman lists address in bankruptcy filing as Woodstock hamlet of Bearsville

  KINGSTON >> Two weeks before narrowly winning re-election, Third Ward Alderman Brad Will filed for bankruptcy protection in federal court, listing his address as the hamlet of Bearsville in the town of Woodstock. View More

• Lynn Tilton Patriarch Partners Seeks Bankruptcy Protection for Zohar-I Fund

  Involuntary chapter 11 petition filed as Patriarch battles MBIA over fund restructuring View More

• Atna Resources Files for Chapter 11 Bankruptcy Protection

  Mining company seeks court permission to tap a $4 million financing package View More

• More North American drillers slide into bankruptcy

  If oil prices stay low, total in North America could double next year View More

• Lady Chryss and Sir Anthony still have fortune despite his bankruptcy

  Sir Anthony O'Reilly is bankrupt aged 79, but, thanks to his wife's personal fortune, this should not lead to any drastic change in the couple's lifestyle, writes Liam Collins View More

• Executive director of Z-Obee Holdings disqualified following bankruptcy order

  Executive director of Z-Obee Holdings disqualified following bankruptcy order View More

• Clark Turner Homes files for Chapter 7 bankruptcy

  Clark Turner Homes LLC has filed for voluntary Chapter 7 bankruptcy protection, a turnaround for the Harford County developer that once hoped to gain from a projected population boom around Aberdeen Proving Ground amid the military's Base Realignment and Closure program. View More

• Ojai Valley News faces uncertain future as owners file for bankruptcy

  The owners of the Ojai Valley News have filed for bankruptcy protection, putting the future of the 124-year-old community newspaper at risk. View More

• Gunboat Files for Bankruptcy

  Gunboat, a provider of high performance, luxury catamarans, announced today that it had filed for Chapter 11 protection under the Federal Bankruptcy Code. Company owner Peter Johnstone reports the decision followed a two year period of adverse business circumstances. View More

• New Bid From NextEra in Energy Future Bankruptcy

  NextEra Energy in competition with Hunt Consolidated for Oncor transmissions business View More