A Delaware bankruptcy judge has told auto parts supplier Visteon that it must restore health and life insurance benefits for thousands of retirees.
Unless city officials make drastic changes, Los Angeles will be bankrupt by 2014, former LA Mayor Richard Riordan told CNBC.
On a day that lawyers for JP Morgan Chase said was "really, really, really gonna be Mr. Dykstra's last chance" to make any case for himself in bankruptcy court, it really, really, really wasn't.
Dykstra will appear in a federal bankruptcy court Friday in Los Angeles, where he will probably witness the final resolution of his Chapter 7 bankruptcy. If the proposed settlement is approved, it's quite possible that the baseball legend will walk away with nothing.
Whether or not Elizabeth Warren is named to run the bureau may depend on how willing the president is to anger the banks yet again, and whether he is willing to risk a big confirmation battle in the Senate.
General Growth Properties said it has filed for a plan of reorganization with a U.S. court and confirmed it is looking to emerge from bankruptcy protection in October with less debt in its balance sheet.
The administrator of Lehman Brothers’ German business has sold $2.4 billion of claims against the failed bank to a group of distressed debt funds, in a move that may help expedite the unwinding of the bank’s assets.
Two years ago, the Bay Area city of 120,000 went into a special kind of bankruptcy reserved for local governments called Chapter 9. It allowed the city of break contracts and suspend debt payments.
Our traders consider what oil giant would buy the beleaguered company and when.
The Mad Money host takes your questions.
Cramer breaks down the biggest indicators of the markets that will unfold in the days to come.
Cramer thinks the company's ship could soon sink. Here’s why.
The chance of a bankruptcy filing by the Pennsylvania capital of Harrisburg looms large these days—and it could be just the tip of the iceberg. Some on Wall Street expect more to come this year—as many at 10 municipal bankruptcies.
Six Flags Entertainment has emerged from Chapter 11 bankruptcy protection, the amusement park operator announced Monday.
The lawyers, accountants and restructuring experts overseeing the remains of Lehman Brothers have already racked up more than $730 million in fees and expenses, with no end in sight.
GM is running TV ads claiming that they have repaid their government TARP loan of $8 billion and change early. Eight billion? So what is that stock worth asks William Dunkelberg, Economics Professor at Temple University.
Bailed-out automaker General Motors will repay the roughly $6 billion it owes to the US and Canadian governments before its previously announced deadline of June 1, CNBC has learned.
Carl Icahn, who lost out this week on a bid to buy the three Trump Entertainment Resorts casinos in Atlantic City out of bankruptcy, says he'll appeal the ruling.
In a portion of the Lehman examiner’s report unsealed Wednesday, Anton Valukas, appointed to investigate the circumstances surrounding Lehman Brother’s collapse and liquidation, says that the failed investment bank may have cause to sue Goldman Sachs and Barclays for what might be a “fraudulent transaction.” The New York Times explains.
US financial companies still have more than a $1 trillion on their balance sheets, but analysts say they are unlike to stem the recent rally in financials.