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Bankruptcy

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  • Futures Higher; Brocade, BofA Post Gains Monday, 5 Oct 2009 | 7:46 AM ET

    US stock index futures pointed higher Monday after two tough weeks for Wall Street.

  • Stocks Fall for 2nd Week; Jobs Report Disappoints Friday, 2 Oct 2009 | 7:32 PM ET

    Stocks ended lower Friday as a dismal jobs report capped a string of disappointing economic reports this week, which cast doubt on the recovery. It was the market's second straight down week in which stocks have lost more than 3 percent.

  • Lenny Dykstra Saga: Auction House Scores Home Run Friday, 2 Oct 2009 | 7:22 PM ET

    An auction of Lenny Dykstra memorabilia today brought in more than twice the amount of original estimates.

  • Stocks Try to Push Higher as Dollar Retreats Friday, 2 Oct 2009 | 1:52 PM ET

    Stocks tried to push higher Friday as the dollar's retreat helped the market but investors remained worried about the recovery in the wake of some disappointing economic reports.

  • Stocks Slide After Dismal Economic News Friday, 2 Oct 2009 | 10:03 AM ET

    Stocks opened lower Friday after disappointing reports on jobs and manufacturing.

  • Futures Tumble on Unemployment Report Friday, 2 Oct 2009 | 9:09 AM ET

    Stock index futures plunged as September nonfarm payroll declines were far worse than Wall Street estimates.

  • Lenny Dykstra, Attorney at Law? Thursday, 1 Oct 2009 | 1:32 PM ET

    Tomorrow, Heritage Auctions will be selling Lenny Dykstra's World Series ring, his trophy, and other items he pawned a few months ago but never reclaimed.

  • Does Malone Have the Right Stuff for the Right Start? Tuesday, 29 Sep 2009 | 5:00 PM ET

    The Right Start chain has gone wrong again and again. It has been in bankruptcy three times since 2003, most famously after it went on an acquisition spree, including the purchase of FAO Schwarz, even changing its name to FAO Inc.

  • Simmons Plans to File for Bankruptcy Protection Friday, 25 Sep 2009 | 9:00 AM ET

    Simmons, the maker of Beautyrest mattresses and other bedding products, said Friday that it plans to file for Chapter 11 bankruptcy protection and implement a restructuring plan that will help significantly lower its debt.

  • A Dykstra Twist You Won't Believe Monday, 14 Sep 2009 | 4:54 PM ET

    Turns out that on the very day Dykstra walked into the South Wilshire Beverly Jewelry and Loan, a news crew from TV Tokyo just happened to be there doing a story on the suffering local economy. I kid you not.

  • Pawn Shop to Auction off Dykstra World Series Ring Monday, 14 Sep 2009 | 1:50 PM ET
    1986 Lenny Dykstra New York Mets World Championship Trophy

    Lenny Dykstra could use some cash right now, but an upcoming auction of his World Series trophy and ring will apparently not help him. Instead, auction proceeds will go to the Beverly Hills pawn shop which claims Dykstra pawned the items but never reclaimed them.

  • Judge Turns Tables on Unresponsive Mortgage Lender Friday, 4 Sep 2009 | 4:17 PM ET

    Bobbi Giguere had no luck in securing a loan modification fromWells Fargo, even though she had sent the bank the financial documents it requested. Then,  something happened. She questioned a Wells Fargo official about the bank’s lack of response — under oath.

  • Jon Henes: The Four Questions of Distressed Investing Wednesday, 2 Sep 2009 | 11:48 AM ET

    In the Great Recession and today’s era of de-leveraging, much is being made of the so-called “fulcrum security”.

  • Lenny Dykstra Strikes Out Tuesday, 1 Sep 2009 | 8:08 PM ET

    A bankruptcy judge today ordered that former baseball player Lenny Dykstra lose control of his Chapter 11 bankruptcy, and that management of his financial affairs be handed over to a court appointed trustee.

  • Creditors Back Michael Vick Bankruptcy Plan Thursday, 27 Aug 2009 | 8:40 AM ET
    Michael Vick

    Creditors who are owed a total of more than $20 million have endorsed Michael Vick's plan to pay them back and emerge from bankruptcy, according to a court filing.

  • Colonial BancGroup Files for Bankruptcy Protection Wednesday, 26 Aug 2009 | 9:52 AM ET

    Colonial BancGroup, the Montgomery-based real estate lender whose banking unit was shut down by the government and sold to BB&T earlier this month, has filed for Chapter 11 bankruptcy protection.

  • Tax Bills Put Pressure on Struggling Homeowners Tuesday, 18 Aug 2009 | 11:59 AM ET
    Property Tax

    Hard times are causing more homeowners to fall behind on their property taxes. But in thousands of cases, they are not responsible to their local governments, but to private companies that charge double-digit interest and thousands of dollars in service fees.

  • After time away from the world of chapter 11 and distressed investing, hedge funds are back in town searching bankruptcies for debt to trade.

  • Henes: The DIP Loan - The New “It” Investment Wednesday, 12 Aug 2009 | 4:38 PM ET

    Today, loans to debtors-in-possession — i.e., DIP loans — are all the rage....As investors are looking for ways to put money to work, they are setting their sights on the DIP loan market as a way to realize meaningful returns.

  • Dykstra Gets Extra Innings Tuesday, 11 Aug 2009 | 4:28 PM ET

    The judge in the Lenny Dykstra bankruptcy case put off until Sept. 1st a decision on whether to take control of the Chapter 11 bankruptcy away from Dykstra, or perhaps convert it to a Chapter 7 liquidation. Judge Geraldine Mund told the baseball legend's attorney, "He's gotta show me where some money's going to come from."