Business Events Bankruptcy


  • FS_OTM_ask_the_experts.jpg

    No, Carmen says. The only person who can repair your credit is you.

  • The Coming Retail Real Estate Nightmare Tuesday, 3 Feb 2009 | 2:25 PM ET

    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.

  • Ask The Experts: How Do I Repay All This Debt? Wednesday, 28 Jan 2009 | 3:33 PM ET

    Carmen weighs the options for one couple who feel like they're drowning in debt.

  • Ask The Experts: Is Bankruptcy Right For Me? Monday, 26 Jan 2009 | 3:31 PM ET

    John Ulzheimer explains the pros and cons to filing for chapter 7 if you're in too deep with your lenders.

  • What's Really Behind The Spike In Bank Repossessions Friday, 23 Jan 2009 | 3:47 PM ET
    Realty Trac

    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 Chipmaker Qimonda Declares Bankruptcy Friday, 23 Jan 2009 | 11:46 AM ET

    German memory-chip maker Qimonda declared bankruptcy Friday, just a month after receiving a rescue package of millions of euros (dollars) in loans.

  • Baccardax: UK Banks Are Already Nationalized Thursday, 22 Jan 2009 | 9:20 AM ET

    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.

  • Circuit City to Liquidate Remaining US Stores Friday, 16 Jan 2009 | 11:51 AM ET
    A Circuit City store in Mount Laurel, New Jersey.

    Electronics retailer Circuit City Stores reached an agreement with liquidators on Friday to sell the merchandise in its 567 U.S. stores after failing to find a buyer or a refinancing deal.

  • Gottschalks Files for Chapter 11 Protection Wednesday, 14 Jan 2009 | 9:35 AM ET

    Retailer Gottschalks says it put itself up for sale and has filed to reorganize in a Chapter 11 bankruptcy.

  • What Ever Happened to Moral Hazard? Monday, 12 Jan 2009 | 9:27 PM ET

    We haven’t heard that phrase since Lehman Brothers imploded. Wonder why.

  • What Is Worse - Personal Bankruptcy Or Foreclosure? Monday, 12 Jan 2009 | 2:55 PM ET
    Bankruptcy or Foreclosure?

    As the countdown to the Obama administration falls into single digit days, the rhetoric over how to reverse the housing crisis is heating up, and much of the chatter is focusing on bankruptcy and “walkaways”. All of this leads me to ask the question, which is worse to your financial future: personal bankruptcy or foreclosure?

  • Traders Ask, "What Urgency?" Thursday, 8 Jan 2009 | 4:14 PM ET

    Despite tremendous fear that the nonfarm payroll report would be a complete disaster tomorrow, traders acted like there was little urgency. Volume was light, volatility was low and with the exception of one sector (retail) all S&P sectors were up or down less than one percent.

  • Why Citigroup "Backs" Home Loan Bankruptcy Plan Thursday, 8 Jan 2009 | 3:05 PM ET
    Homes and dice

    A while back I debated the pros and cons of a proposal to allow bankruptcy judges to modify troubled loans. The President-elect included it as one of the four tenets of his housing plan during the campaign, so one can only surmise that it’s still high on his list.

  • GM's Downsizing Of Dealers Won't Be Easy Monday, 5 Jan 2009 | 10:33 AM ET
    GM Dealership

    For all the hand wringing you see from people wondering if GM and Chrysler can get the UAW to re-work wages and benefits or for debt holders to agree on a debt for equity swap, the real trick will be closing dealerships.

  • graphic_fast_money.jpg

    The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry.

  • 2008: The Year of Bankruptcy Wednesday, 17 Dec 2008 | 12:35 PM ET

    In theory, the mass bankruptcy filings should be good for the economy by giving people a second chance. But the damage is already done.

  • KB Toys Files for Bankruptcy Protection Thursday, 11 Dec 2008 | 3:08 PM ET

    In another sign of the grim holiday season, KB Toys filed for bankruptcy protection for the second time in four years on Thursday, joining fellow retailers Linens 'n Things and Steve & Barry's in seeking Chapter 11 protection amid the recession.

  • British Retailers Brace Against Downturn Thursday, 11 Dec 2008 | 9:41 AM ET

    Britain's biggest retailer, Tesco, announced price cuts of 50 percent. Former household favorite Woolworths began a closing-down sale. Music retailer HMV reported a sizable first-half net loss.

  • Is Bankruptcy the Right Answer? Wednesday, 10 Dec 2008 | 9:53 PM ET

    It may be your last best option. But you better know what you're doing before you go through with it.

  • chicago_cubs_logo2.jpg

    A little before 2 pm ET, The Tribune Company issued a statement that they have filed for bankruptcy. With the statement, came this weird note: "The Chicago Cubs franchise, including Wrigley Field, is not included in the Chapter 11 filing. Efforts to monitize the Cubs and its related assets will continue."