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Business Events Bankruptcy

  • Greece

    Fitch ratings agency says Greece's credit grade will remain low even after its debt load is cut as part of a European plan to fight the financial crisis.

  • Wall Street sign

    As volatile markets and economic uncertainty keep investors on edge, companies are folding their plans to go public in record numbers.

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    Two market crashes and a couple of recessions later, 25 percent of all boomers don’t have anything saved for retirement and now find themselves in dire need of government services and potential bailouts of math defying pension plans.

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    As Americans struggle to pay off underwater mortgages and student loan debt, some experts say simple changes to bankruptcy law could provide many with financial relief and potentially help the economy.

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    Even as more Americans are piling on debt, fewer are seeking counseling or other kinds of relief to try and get their finances back in order. USA Today reports.

  • Harrisburg Bankruptcy & Muni Bonds

    Alexandra Lebenthal, Lebenthal & Company president/CEO. weighs in on debt-laden Harrisburg, PA and the impact its bankruptcy will have on its municipal bonds, and the overall state of munis.

  • Harrisburg, PA Files for Bankruptcy

    Details on the chapter nine filing, with Dan Miller, Harrisburg, Pa., controller who discusses the city's liabilities of $500 million and $100 million in assets, as well as whether the state capital will be able to continue to pay its bills.

  • For today, it comes down to Slovakia. Slovakia may be the lone holdout of the eurozone member nations in connection with the expansion of the European Financial Stability Facility (the EFSF).

  • A report from the state treasurer says the Golden State's debt burden is up to 7.8 percent, more than double what it was eight years ago. According to the report, each Californian owes $2,542 this year for state debt, more than twice the national median of $1,066. It could be worse.

  • Eastman Kodak company headquarters.

    Amid all the chatter of Kodak possibly going into Chapter 11 bankruptcy protection, one thing is clear in the company's home town, Rochester, N.Y.:  No one's surprised.

  • Speculation on Kodak Bankruptcy

    CNBC's Brian Shactman has the story on speculation mounting that Eastman Kodak may be filing for bankruptcy, while the company pushes back by saying there is no plans for bankruptcy.

  • Solyndra Reflecting Badly

    Solyndra violated loan terms in 2010 but got more federal money, with CNBC's Eamon Javers.

  • Broad Street, Central Falls, Rhode Island

    Central Falls, Rhode Island, the smallest city in the smallest state in the US, is making a big splash in the world of municipal bankruptcies.

  • The list of athletes who lost huge sums of money after their playing days ended is long. Evander Holyfield may have been fearsome in the ring, but that didn’t stop him from nearly losing his house in 2008. Jose Canseco was a force to be reckoned with when he played baseball in the major league, but after his steroid use was made public the money dried up and he had to resort to reality TV gigs to keep the bills paid.For many athletes who lose their former earning power, it’s not just the paychec

    Many athletes who lost their earning power couldn’t keep up with their mortgage payments and were faced with foreclosure. Click to see the list of athletes with foreclosed homes.

  • People love to read about celebrities who spend huge sums of money on luxury items--even in these hard times. After all, who wouldn’t be amused to learn that Paris Hilton owns a $325,000 doghouse that’s an exact replica of her own mansion?The limits of celebrity conspicuous consumption continue to be pushed. Some of the rich and famous have distinguished themselves through the sheer quantities of cash spent on quirky luxury items—up to $1 million or more. Often, the practicality of these purchas

    Who are some of the celebrities who have spent $1 million or more on decadent extravagances? Click to find out!

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    Over the summer, we witnessed the ugliness and partisan-nature of politics as the debt ceiling debacle took place. The nation's balance sheet needs to be fixed.

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    Three years after the collapse of Wall Street bank Lehman Brothers, the market has yet to fully recover, according to a US banks analyst.

  • SocGen: Is Something Wrong?

    Mad Money host Jim Cramer explains the anatomy of a cataclysmic bank failure and why some securities are saved and others aren't.

  • US Capitol Building with cash

    Late last week, lawmakers on a House Judiciary subcommittee held a hearing focused on banning the practice of bankruptcy protection "forum shopping."

  • FBI Raids Solyndra

    Just days after solar company Solyndra declared bankruptcy, FBI agents raided the company's headquarters in Fremont, California, to collect documents, reports CNBC's Maria Bartiromo.