<?xml version="1.0"?><rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom"><channel><atom:link href="http://www.cnbc.com/id/10000686/device/rss/rss.html" rel="self" type="application/rss+xml" /><title>Bankruptcy</title><description><![CDATA[Bankruptcy]]></description><link>http://www.cnbc.com/id/10000686</link><pubDate>Mon, 26 Nov 2012 16:05 GMT</pubDate><lastBuildDate>Mon, 26 Nov 2012 16:05 GMT</lastBuildDate><language>en-us</language><ttl>60</ttl><item><title>Movers roundup: Orchard Supply, Sarepta</title><description><![CDATA[Among the stock activity stories for Wednesday, June 19, from AP Business News:. _ Shares of Orchard Supply Hardware Stores Corp. plummeted as the hardware and garden store company said that equity holders will probably lose their entire investment as a result of its Chapter 11 bankruptcy filing.]]></description><link>http://www.cnbc.com/id/100829017</link><pubDate>Wed, 19 Jun 2013 18:52 GMT</pubDate><guid isPermaLink="false">guid_100829017</guid> </item>  <item><title>Orchard Supply drops after warning equity holders</title><description><![CDATA[On Monday, home improvement retailer Lowe&#039;s Cos. said that it plans to expand its California operations by acquiring Orchard Supply for about $205 million in cash. Since Orchard Supply filed for bankruptcy protection, Lowe&#039;s offer will become the &quot;stalking horse&quot; bid for an auction of Orchard&#039;s assets.]]></description><link>http://www.cnbc.com/id/100828540</link><pubDate>Wed, 19 Jun 2013 16:17 GMT</pubDate><guid isPermaLink="false">guid_100828540</guid> </item>  <item><title>In Embattled Detroit, No Talk of Sharing Pain</title><description><![CDATA[The fiscal crisis in Michigan is setting up as a gigantic clash, the NYT reports.]]></description><link>http://www.cnbc.com/id/100823177</link><pubDate>Tue, 18 Jun 2013 09:14 GMT</pubDate><guid isPermaLink="false">guid_100823177</guid> </item>  <item><title>Moody's &amp; the Motor City</title><description><![CDATA[Discussing the state of Detroit&#039;s economy, with CNBC Contributor Keith Boykin; Heather Higgins, Independent Women&#039;s Voice; and Doug Holtz-Eakin, American Action Forum.]]></description><link>http://video.cnbc.com/gallery/?play=1&amp;video=3000176187</link><pubDate>Mon, 17 Jun 2013 23:52 GMT</pubDate><guid isPermaLink="false">guid_100822611</guid> </item>  <item><title>Orchard Goes Bankrupt; Lowe's Plays Stalking Horse</title><description><![CDATA[Orchard Supply has filed for Chapter 11 bankruptcy protection, with rival retailer Lowe&#039;s Companies set to buy the majority of its assets.]]></description><link>http://www.cnbc.com/id/100820218</link><pubDate>Mon, 17 Jun 2013 11:11 GMT</pubDate><guid isPermaLink="false">guid_100820218</guid> </item>  <item><title>UPDATE 2-Orchard Supply files for Chapter 11, Lowe's steps in</title><description><![CDATA[*Lowe&#039;s to be &quot;stalking horse&quot; bidder. *Lowe&#039;s plans to have Orchard operate as a separate business. June 17- Orchard Supply Hardware Stores Corp has filed for Chapter 11 bankruptcy protection, court documents showed on Monday, with rival retailer Lowe&#039;s Companies set to buy the majority of its assets for $205 million in cash.]]></description><link>http://www.cnbc.com/id/100819650</link><pubDate>Mon, 17 Jun 2013 07:54 GMT</pubDate><guid isPermaLink="false">guid_100819650</guid> </item>  <item><title>ANALYSIS-Why bankrupt W.R. Grace is thriving</title><description><![CDATA[COLUMBIA, Md./ NEW YORK, June 16- A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace&amp; Co and its surging sales to the energy sector.]]></description><link>http://www.cnbc.com/id/100818753</link><pubDate>Sun, 16 Jun 2013 11:59 GMT</pubDate><guid isPermaLink="false">guid_100818753</guid> </item>  <item><title>City on the Brink: Detroit Fights to Avoid Bankruptcy</title><description><![CDATA[Detroit asked creditors to accept pennies on the dollar to help it avoid bankruptcy.]]></description><link>http://www.cnbc.com/id/100817728</link><pubDate>Sat, 15 Jun 2013 00:45 GMT</pubDate><guid isPermaLink="false">guid_100817728</guid> </item>  <item><title>Cramer: Bankrupt Company a ‘Buy, Buy, Buy?’</title><description><![CDATA[Rarely does a bankrupt company fill Cramer with so much excitement.]]></description><link>http://www.cnbc.com/id/100817227</link><pubDate>Fri, 14 Jun 2013 22:25 GMT</pubDate><guid isPermaLink="false">guid_100817227</guid> </item>  <item><title>UPDATE 2-Detroit defaults on some debt to avoid bankruptcy filing</title><description><![CDATA[DETROIT, June 14- Detroit defaulted on some debt on Friday and proposed that creditors take a drastic cut in the money they are owed by the &quot;insolvent&quot; city in order to avoid the largest municipal bankruptcy filing in U.S. history.]]></description><link>http://www.cnbc.com/id/100816856</link><pubDate>Fri, 14 Jun 2013 17:14 GMT</pubDate><guid isPermaLink="false">guid_100816856</guid> </item>  <item><title>UPDATE 1-Detroit manager proposes sweeping payment cuts to creditors</title><description><![CDATA[DETROIT, June 14- Emergency manager Kevyn Orr said Detroit will stop making payments on some debt, including one scheduled on Friday, and proposed debt holders take a drastic cut in the money they are owed to stave off the largest municipal bankruptcy filing in U.S. history.]]></description><link>http://www.cnbc.com/id/100816658</link><pubDate>Fri, 14 Jun 2013 16:03 GMT</pubDate><guid isPermaLink="false">guid_100816658</guid> </item>  <item><title>Ex Goldman Partner on 'Expensive' Lesson</title><description><![CDATA[Fred Eckert, founding partner and CIO of Phoenix Star Capital, discusses his bankruptcy at the height of the financial crisis and why now is the good time for him to re-enter the market.]]></description><link>http://video.cnbc.com/gallery/?play=1&amp;video=3000175858</link><pubDate>Fri, 14 Jun 2013 09:35 GMT</pubDate><guid isPermaLink="false">guid_100815815</guid> </item>  <item><title>Why Demand for Junk Bonds Will Remain Strong</title><description><![CDATA[Fred Eckert, founding partner and CIO of Phoenix Star Capital, says that while returns from high-yield bonds are unlikely to be sustained, demand will remain strong. ]]></description><link>http://video.cnbc.com/gallery/?play=1&amp;video=3000174412</link><pubDate>Fri, 14 Jun 2013 09:30 GMT</pubDate><guid isPermaLink="false">guid_100815812</guid> </item>  <item><title>UPDATE 3-Bankruptcy lawyers face fee overhaul to curb high legal costs</title><description><![CDATA[June 11- Bankruptcy lawyers will soon have to make new disclosures on how they bill clients under guidelines finalized by the U.S. Department of Justice on Tuesday, the first overhaul of bankruptcy billing in 17 years. Trustee Program, the Justice Department&#039;s bankruptcy watchdog, rolled out early drafts of the proposal.]]></description><link>http://www.cnbc.com/id/100808078</link><pubDate>Wed, 12 Jun 2013 00:04 GMT</pubDate><guid isPermaLink="false">guid_100808078</guid> </item>  <item><title>UPDATE 2-Affiliates of electric car maker Coda file for bankruptcy</title><description><![CDATA[June 11- Two affiliates of failed U.S. electric-car maker Coda Automotive filed for chapter 11 bankruptcy protection on Tuesday, according to court documents, in another sign of the challenges facing the &quot;green&quot; car industry.]]></description><link>http://www.cnbc.com/id/100807077</link><pubDate>Tue, 11 Jun 2013 17:11 GMT</pubDate><guid isPermaLink="false">guid_100807077</guid> </item>  <item><title>UPDATE 1-Miles Electric Vehicles files for bankruptcy</title><description><![CDATA[Miles Electric Vehicles, founded in 2004 by &quot;green&quot; entrepreneur Miles Rubin, listed estimated assets in the range of $10 million to $50 million, and estimated liabilities of between $50 million and $100 million.]]></description><link>http://www.cnbc.com/id/100805375</link><pubDate>Tue, 11 Jun 2013 09:26 GMT</pubDate><guid isPermaLink="false">guid_100805375</guid> </item>  <item><title>Detroit to offer creditors less than 10 percent of what city owes -report</title><description><![CDATA[DETROIT, June 7- Detroit Emergency Manager Kevyn Orr plans to deliver grim news to the city&#039;s creditors next week: Take less than 10 percent of what the city owes or risk losing it all in a bankruptcy proceeding, the Detroit Free Press reported on Friday.]]></description><link>http://www.cnbc.com/id/100798702</link><pubDate>Fri, 07 Jun 2013 14:29 GMT</pubDate><guid isPermaLink="false">guid_100798702</guid> </item>  <item><title>UPDATE 1-Bankrupt Alabama county says in pact with key creditors</title><description><![CDATA[BIRMINGHAM, Ala., June 4- JPMorgan Chase&amp; Co, several hedge funds and bond insurers holding 78 percent of sewer debt from Alabama&#039;s bankrupt Jefferson County have signed off on a deal aimed at ending the largest U.S. municipal bankruptcy, a lawyer for the county said on Tuesday.]]></description><link>http://www.cnbc.com/id/100789821</link><pubDate>Tue, 04 Jun 2013 21:37 GMT</pubDate><guid isPermaLink="false">guid_100789821</guid> </item>  <item><title>UPDATE 2-AMR can send restructuring plan to creditors for a vote -judge</title><description><![CDATA[NEW YORK, June 4- American Airlines&#039; bankrupt parent received court permission on Tuesday to send its restructuring plan to creditors for a vote, bringing its planned $11 billion merger with US Airways Group a step closer to reality. Judge Sean Lane approved an outline of AMR Corp&#039;s plan at a hearing in U.S. Bankruptcy Court in Manhattan.]]></description><link>http://www.cnbc.com/id/100789335</link><pubDate>Tue, 04 Jun 2013 18:11 GMT</pubDate><guid isPermaLink="false">guid_100789335</guid> </item>  <item><title>AMR gets court OK to send restructuring plan to creditors for a vote</title><description><![CDATA[Judge Sean Lane green-lighted AMR Corp&#039;s plan, which involves merging with smaller carrier US Airways Group, at a hearing in U.S. Bankruptcy Court in Manhattan.]]></description><link>http://www.cnbc.com/id/100788896</link><pubDate>Tue, 04 Jun 2013 16:17 GMT</pubDate><guid isPermaLink="false">guid_100788896</guid> </item>  <item><title>Social Security Solvency</title><description><![CDATA[CNBC&#039;s Eamon Javers reports on changes made to Social Security and Medicare. Social Security now has resources sufficient to cover benefits until 2033. ]]></description><link>http://video.cnbc.com/gallery/?play=1&amp;video=3000172571</link><pubDate>Fri, 31 May 2013 17:01 GMT</pubDate><guid isPermaLink="false">guid_100780665</guid> </item>  <item><title>CNet Co-Founder Files For Personal Bankruptcy</title><description><![CDATA[Halsey Minor co-founded CNet and has filed for Chapter 7 liquidation, reports CNBC&#039;s Robert Frank. His liabilities were listed as $50-$100 million and his assets between $10-$50 million.]]></description><link>http://video.cnbc.com/gallery/?play=1&amp;video=3000172289</link><pubDate>Thu, 30 May 2013 20:39 GMT</pubDate><guid isPermaLink="false">guid_100777871</guid> </item>  <item><title>Minor's Dotcom Boom a Major Bust</title><description><![CDATA[CNET founder and tech investor Halsey Minor has filed for personal bankruptcy, reports CNBC&#039;s Robert Frank. Minor overextended himself financially, and last week filed for Chapter 7.]]></description><link>http://video.cnbc.com/gallery/?play=1&amp;video=3000172209</link><pubDate>Thu, 30 May 2013 15:23 GMT</pubDate><guid isPermaLink="false">guid_100776849</guid> </item>  <item><title>Boom to Bust: CNET Founder Bankrupt</title><description><![CDATA[CNET founder and tech investor Halsey Minor has seen his personal tech boom go bust: He&#039;s filed for bankruptcy.]]></description><link>http://www.cnbc.com/id/100774628</link><pubDate>Wed, 29 May 2013 22:49 GMT</pubDate><guid isPermaLink="false">guid_100774628</guid> </item>  <item><title>UPDATE 1-Bankrupt Patriot Coal can reject collective bargaining -court</title><description><![CDATA[*Cuts would save $150 million a year. May 29- Bankrupt Patriot Coal Corp. can reject collective bargaining agreements, cease pension contributions and convert retiree healthcare to an outside fund as part of its plan to save $150 million a year in labor costs, a court ruled on Wednesday.]]></description><link>http://www.cnbc.com/id/100774601</link><pubDate>Wed, 29 May 2013 22:03 GMT</pubDate><guid isPermaLink="false">guid_100774601</guid> </item>  <item><title>U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton</title><description><![CDATA[May 24- A plan by American Airlines&#039; parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers filed on Friday in U.S. Bankruptcy Court in Manhattan, U.S.]]></description><link>http://www.cnbc.com/id/100765681</link><pubDate>Fri, 24 May 2013 20:08 GMT</pubDate><guid isPermaLink="false">guid_100765681</guid> </item>  <item><title>Henrik Fisker Joins Tycoon to Salvage Car Company</title><description><![CDATA[Henrik Fisker is working with an investor group to salvage Fisker Automotive, the &quot;green&quot; car company he co-founded.]]></description><link>http://www.cnbc.com/id/100765237</link><pubDate>Fri, 24 May 2013 18:41 GMT</pubDate><guid isPermaLink="false">guid_100765237</guid> </item>  <item><title>Ally to Pay $2.1 Billion to Settle ResCap Claims</title><description><![CDATA[Putting the issue behind it will help Ally focus on auto lending and repaying the government for a $17 billion bailout.]]></description><link>http://www.cnbc.com/id/100762322</link><pubDate>Thu, 23 May 2013 17:24 GMT</pubDate><guid isPermaLink="false">guid_100762322</guid> </item>  <item><title>UPDATE 1-Ally to pay $2.1 billion to settle ResCap litigation</title><description><![CDATA[*MBIA to have unsecured claims of $3.6 bln. May 23- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Creditors who objected to the original deal included ResCap&#039;s unsecured creditors, bond insurers such as MBIA Corp and Assured Guaranty Corp, and others.]]></description><link>http://www.cnbc.com/id/100761766</link><pubDate>Thu, 23 May 2013 14:42 GMT</pubDate><guid isPermaLink="false">guid_100761766</guid> </item>  <item><title>Ally to contribute $2.1 bln to settle ResCap litigation</title><description><![CDATA[May 23- Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors.]]></description><link>http://www.cnbc.com/id/100761509</link><pubDate>Thu, 23 May 2013 13:22 GMT</pubDate><guid isPermaLink="false">guid_100761509</guid> </item> </channel>   </rss>