Bankruptcy | featured news

The community organizing group Acorn, battered politically from the right and suffering from mismanagement along with a severe loss of government and other funds, is on the verge of filing for bankruptcy, officials of the ...

Blockbuster said in its annual report for 2009 that continuing losses and debt raise "substantial doubt" about its ability to ...

A bankruptcy judge ruled that certain investors in Madoff's Ponzi scheme aren't entitled to recoveries from the fraud.

The economic slump is forcing debt-laden cities and towns to consider using Chapter 9. The bankruptcy option is causing experts to worry about the safety of municipal debt.

JAL will shrink dramatically under a government-led restructuring plan, cutting significantly its work force, its routes, and the number of affiliated companies launched when the airline tried to diversify into a broad-based service firm.

Citadel Broadcasting Corp ., the nation's third-largest radio broadcasting company , filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load.

CIT Group Inc., a 101-year-old commercial lender, filed for bankruptcy with financing from investor Carl Icahn after the credit crunch dried up its funding and a US bailout and ...

CIT, the troubled American bank, is offered a $6bn rescue loan from investor Carl Icahn as it tries to avoid bankruptcy.

If union members accept the deal, Ford will gain some of the benefits that General Motors and Chrysler needed bankruptcy reorganization to achieve.

MGM's ongoing financial difficulties could be reaching the point of no return -- which would complicate the futures of the Bond franchise and "The Hobbit."