Business Events Bankruptcy


  • California Suburb Vallejo Faces Bankruptcy Thursday, 28 Feb 2008 | 11:37 AM ET

    A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.

  • Sharper Image, Lillian Vernon File for Bankruptcy Wednesday, 20 Feb 2008 | 10:21 AM ET
    Sharper Image

    Troubled retailers Sharper Image and Lillian Vernon have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy.

  • Prenuptial Pacts Move Mainstream Friday, 8 Feb 2008 | 1:50 PM ET

    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.

  • Avoid Costly Pitfalls Of Cohabitation Friday, 8 Feb 2008 | 1:48 PM ET

    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. 

  • Q&A with John: Should I Declare Bankruptcy? Wednesday, 6 Feb 2008 | 4:34 PM ET
    John Ulzheimer

    Question:  divorced 6 months ago, bought home instead of renting, now 75,000 in debt, own concession business, seasonal, make 25,000, 6mo saved money for winter months and work pt, cant find any jobs that pay halfway decent, truck was repoed 2 days ago, owed 26,000, worth only 17,000, need truck to run my business...

  • America's Corporate Undertaker Thursday, 10 Jan 2008 | 7:10 PM ET

    Epiq Systems profits when companies go under. With bankruptcies on the rise, it may be the ultimate hedge against prosperity.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Countrywide Says It Has Ample Liquidity, Capital Tuesday, 20 Nov 2007 | 4:22 PM ET

    Countrywide Financial, the largest U.S. mortgage lender, said its management believes the company has ample liquidity and capital.

  • NovaStar Stock Plunges 63% on Bankrupty Warning Thursday, 15 Nov 2007 | 2:52 PM ET

    NovaStar Financial  shares fell as much as 63 percent Thursday after the troubled subprime mortgage lender posted a $598 million third-quarter loss and said bankruptcy is possible.

  • Movie Gallery Files for Bankruptcy Protection Tuesday, 16 Oct 2007 | 4:09 AM ET

    Debt-strapped video rental chain Movie Gallery said on Tuesday it filed for Chapter 11 bankruptcy protection in a move to slash debt by some $400 million and cut costs.

  • Billionaire Ross Offers to Buy American Home  Unit Friday, 21 Sep 2007 | 5:35 PM ET

    An affiliate of billionaire investor Wilbur Ross has offered to buy bankrupt American Home Mortgage's loan servicing unit for a price expected to be more than $400 million, court papers filed on Friday show.

  • Failed Lender Makes Grab for Employee Funds Tuesday, 18 Sep 2007 | 1:09 PM ET

    Bankrupt American Home Mortgage is attempting to seize as much as $27 million that former employees set aside from paychecks for retirement, according to an attorney representing them.

  • Bankrupt Bear Stearns Funds Shielded 30 More Days Thursday, 30 Aug 2007 | 7:17 PM ET

    A Manhattan bankruptcy judge on Thursday gave two bankrupt Bear Stearns  hedge funds 30 days of additional protection from creditors looking to seize their assets, but refused to permanently shield them from U.S. lawsuits.

  • Banks Step Up Borrowing From the Fed Thursday, 23 Aug 2007 | 6:03 PM ET

    Banks have stepped up their borrowing from the Federal Reserve, a development encouraged by central bank policymakers to help stem a credit crunch that has roiled Wall Street.

  • Bank of America's decision to throw Countrywide Financial a $2 billion lifeline is far more than BofA telling Countrywide 'here's some money, pay us back when you can'. Countrywide is paying dearly for the injection.

  • New Delta Air Lines CEO Downplays Merger Speculation Wednesday, 22 Aug 2007 | 10:14 AM ET

    Delta Air Lines' newly named chief executive, Richard Anderson, foresees further consolidation in the airline industry, but said Delta is not about to make a move to acquire Northwest Airlines.

  • Mortgage Lender First Magnus Shutting Down Friday, 17 Aug 2007 | 6:01 AM ET

    First Magnus Financial, a national mortgage lender that was on track to fund $36 billion in loans this year, stopped originating new loans Thursday and said it was suspending operations.

  • Impac Mortgage Holdings has no intention of declaring bankruptcy amid turmoil in U.S. mortgage markets, Chief Executive Joseph Tomkinson said on Wednesday.

  • BNP, Commerzbank, among HomeBanc Creditors Sunday, 12 Aug 2007 | 10:25 AM ET

    Leading European banks BNP Paribas, Deutsche Bank and Commerzbank are among the creditors of HomeBanc, the U.S. mortgage group which filed for Chapter 11 bankruptcy protection.

  • American Home Mortgage Files Bankruptcy Monday, 6 Aug 2007 | 3:02 PM ET

    American Home Mortgage Investment filed for Chapter 11 bankruptcy protection after a tumultuous week in the debt markets brought a once-thriving business to its knees.

  • Delphi said Monday it tentatively agreed to contracts with four more unions, including one that recently warned a strike was possible if talks stalled.