Bankruptcy | featured news

Swedish car maker Saab Automobile must pay its workers within 14 days to avoid bankruptcy, the general counsel at labor union Unionen said after the cash-starved company failed to pay employees on time.

Michael Conway was the founder and CEO of National Airlines. The mission of the airline was to bring tourists to Las Vegas, to visit their money I suppose. The airline started service in 1999, but was never profitable. In December 2000 it went into Chapter 11.

Major League Baseball does not have to turn over a wide range of documents to the Dodgers or make Commissioner Bud Selig available for a deposition, the judge in the Dodgers' bankruptcy hearing ruled on Thursday.

The Los Angeles Dodgers were cleared on Tuesday to borrow $60 million to make payroll, but the team spent its first full day in bankruptcy battling with Major League Baseball.

Major League Baseball is objecting to the bankruptcy filing by the Los Angeles Dodgers, accusing team owner Frank McCourt of siphoning off more than $100 million in club revenue and driving the Dodgers into a liquidity crisis....

A spokesman for the Los Angeles Dodgers says the National League club has filed for bankruptcy protection in Delaware, according to the Associated ...

Hours of talks between eurozone finance ministers on the imploding finances of Greece broke up early Monday morning without the ministers signing off on a vital installment of rescue loans needed to avoid bankruptcy next month.

Greek Prime Minister George Papandreou sacrificed his finance minister on Friday and put his main socialist party rival into the job in a bid to force through an unpopular austerity plan and avert bankruptcy.

Barely two years since it filed for bankruptcy, Chrysler still has to prove it can deliver on its “second chance.” The carmaker seems to be heading in the right direction.

Crystal Cathedral Ministries, known for the towering Orange County megachurch where “Hour of Power” is taped, has agreed to sell its campus to a real estate investment group as part of a plan to emerge from bankruptcy.