Nov 25- Bankrupt grocery chain Haggen said on Wednesday it had received court approval to sell 47 stores on the West Coast, most of which will go back to grocer powerhouse Albertsons, as part of a plan to emerge from Chapter 11.. Bellingham, Washington- based Haggen ran into debt trouble this year after a costly and ambitious expansion drive that included the...» Read More
General Motors' auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan.
General Motors' says it gave Chief Executive Rick Wagoner compensation valued at $14.9 million last year for leading a company that lost $30.9 billion and is running on government loans.
American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday.
When a company carries too much debt, disastrous consequences may arise for employees and the company itself.
Gerald Greenwald, a founding partner at Greenbriar Equity Group, joined CNBC today to give his opinion on the ailing economy and his hopes that GM can avoid Chapter 11 bankruptcy.
An Obama administration task force considering the fate of General Motors and Chrysler is discouraging bankruptcy protection as an option for the struggling companies, two senators said Tuesday.
The peanut processing company at the heart of a national salmonella outbreak filed for bankruptcy Friday, a sign the beleaguered company plans to cease business in the wake of the health scare.
Sirius XM Satellite Radio has been working with advisers to prepare for a possible bankruptcy filing in a move that could put pressure on satellite company EchoStar, which owns a substantial amount of the company’s debt.
The number of Americans trading in marriage for cohabitation continues to rise. So, assuming that arrangement means commitment and longevity, couples need to make sure you have an estate plan in place to avoid some very unwelcome surprises down the road.
Prenuptial agreements are often associated with millionaire moguls and super celebs, but the truth is prenups are not only for the über rich and famous. In fact, people of all ages and ranges of net worth could find a lot of value in signing one before they tie the knot.
People seem to pass certain milestones on the road of financial desperation. First the unpaid bills pile up. Then the bank forecloses. Finally, they reach the end of the line: bankruptcy court. But now policy makers are talking about redrawing this map by putting the bankruptcy court before foreclosure to give people a chance to keep their homes.
For so long, it's been all about value in the retail sector, and looking at the latest retail sales results, that hasn't changed yet. But an often overlooked type of retail business is emerging as a new diamond in the rough: gemstones.
The names of several thousand clients who lost money investing with Bernard Madoff have been released in a court filing that reads like a Who's Who: former Los Angeles Dodgers pitcher Sandy Koufax, actor Kevin Bacon and even Madoff's defense lawyer.
No, Carmen says. The only person who can repair your credit is you.
The visible signs of the carnage in the retail sector will soon be too hard for many to ignore. The International Council of Shopping Centers projects 148,000 retail stores will be shuttered in 2008, and another 73,000 stores will close in the first half of this year. If those estimates prove correct, the number of closures last year will be the highest since at least 2001, and this year, closures will be on track for a similarly brisk pace.
Carmen weighs the options for one couple who feel like they're drowning in debt.
John Ulzheimer explains the pros and cons to filing for chapter 7 if you're in too deep with your lenders.
Sometimes when you look inside the numbers, you find something interesting. In a recent report I noticed the number of bank repossessions was rising faster than overall foreclosure filings.
German memory-chip maker Qimonda declared bankruptcy Friday, just a month after receiving a rescue package of millions of euros (dollars) in loans.
Here's the dirty little secret: bank nationalization in the UK has already happened. The vast majority – but not all – of the UK banks simply would not be solvent but for myriad government support.