Bankruptcy | featured news

Washington Mutual reached a deal that could end a two-and-a-half-year bankruptcy odyssey that began with the largest bank failure in U.S. history.

Lower unemployment, bankruptcies and foreclosures in March reduced the nation's economic stress to its lowest point this year, according to The Associated Press' monthly analysis of conditions around the country.

Chrysler Group LLC reported its first quarterly net profit since emerging from bankruptcy nearly two years ago, helped by a revamped lineup of cars and trucks as well as higher vehicle prices.

Dish Network Corp won Blockbuster Inc in a bankruptcy auction for about $320 million, a move that could see the second-largest U.S. satellite TV provider tapping the movie rental chain's online content to strengthen its offerings.

Blockbuster will start closing 186 more stores by the end of the month, leaving more than a third of its U.S. brick-and-mortar locations closed or slated for closure since the video-rental chain filed for bankruptcy in September.

Blockbuster Inc (BLOAQ.PK) will proceed to a sale auction in April after the bankrupt video rental chain negotiated an agreement with creditors who had called for an immediate Chapter 7 liquidation.

In an impressive comeback from bankruptcy, General Motors last year posted its first annual profit since 2004....

Sixty-four former Chrysler dealers sued the U.S. government on Thursday, saying the Obama administration violated their rights by closing their stores during the automaker's bankruptcy without compensation.

Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Tuesday, sunk by crushing debt and...

An optimistic Chrysler narrowed its net loss significantly in the fourth quarter and forecast a net profit for 2011 as it continued a comeback from bankruptcy protection.