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Bankruptcy

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  • Mt. Gox files for U.S. bankruptcy protection Monday, 10 Mar 2014 | 10:55 AM ET

    Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.

  • Pizza chain Sbarro files for bankruptcy protection Monday, 10 Mar 2014 | 10:18 AM ET
    Sbarro Inc., the pizza chain owned by buyout firm MidOcean Partners, filed for bankruptcy protection after missing interest payments on its debt.

    Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors on Monday.

  • NEW YORK, March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years, after struggling with too much debt and lower customer traffic in the malls that house many of its restaurants.

  • Pizza chain Sbarro files for bankruptcy protection Monday, 10 Mar 2014 | 9:26 AM ET

    March 10- Sbarro LLC, the pizza restaurant chain, on Monday filed for bankruptcy protection for the second time in less than three years. Sbarro and more than 30 affiliates filed for Chapter 11 protection from creditors with the U.S. Bankruptcy Court in Manhattan.

  • UPDATE 1-Uranium supplier USEC files for bankruptcy Wednesday, 5 Mar 2014 | 7:33 AM ET

    March 5- USEC Inc filed for bankruptcy after struggling with weak prices for the enriched uranium it supplies to nuclear power plants and difficulties in financing a major project. USEC has also been hit by delays in securing funding for its American Centrifuge Project in Ohio.

  • Uranium supplier USEC files for bankruptcy Wednesday, 5 Mar 2014 | 6:07 AM ET

    March 5- USEC Inc, a supplier of enriched uranium for commercial nuclear power plants, filed for a prearranged bankruptcy on Wednesday. USEC listed assets of $70 million and liabilities of $1.07 billion as of Dec. 31, in its bankruptcy filing. The case In re: USEC Inc, No.14-10475, U.S. Bankruptcy Court, District of Delaware.

  • Detroit reaches new swaps settlement with banks Monday, 3 Mar 2014 | 9:26 PM ET

    The bankrupt city of Detroit says it has reached a tentative, $85 million deal to settle contracts with UBS AG and Bank of America Merrill Lynch.

  • In a filing in U.S. Bankruptcy Court, Syncora Guarantee Inc warned that lawsuits will be filed over the Detroit Institute of Arts' collection, which the city is not selling at this point to help pay its $18 billion in debt.

  • Fitch drops Detroit water, sewer debt to junk Friday, 28 Feb 2014 | 6:04 PM ET

    NEW YORK, Feb 28- Analysts at Fitch Ratings on Friday cut some $4 billion worth of bonds issued on behalf of the Water and Sewerage Department of Detroit to junk, citing the weak finances and outlook for the system run by the bankrupt city.

  • *Bitcoin exchange files for Ch. 11- type bankruptcy protection in Japan. *Investor lawsuit filed in Chicago seeking to recoup losses.

  • Bitcoin believers unfazed by losses in Mt. Gox fall Friday, 28 Feb 2014 | 12:13 PM ET
    Commuters walk past Liberty Teller's Bitcoin automated teller machine at South Station in Boston, Feb. 25, 2014.

    Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of virtual currency exchange Mt. Gox.

  • *Investors drawn to transparency, lack of official control. TOKYO, Feb 28- Like other bitcoin evangelists, Ken Shishido is ready to write off the money he lost in the bankruptcy of Tokyo- based virtual currency exchange Mt. Shishido, who lives in Tokyo, was one of about 10,000 investors in Japan who became creditors in Mt.

  • *Bitcoin exchange files for Ch. 11- type bankruptcy protection in Japan. Gox, once the world's biggest bitcoin exchange, filed for bankruptcy protection in Japan on Friday, saying it may have lost nearly half a billion dollars worth of the virtual coins due to hacking into its faulty computer system.

  • Chief executive Mark Karpeles, bowing in contrition and wearing a suit instead of his customary T-shirt, apologised in Japanese at a news conference for the company's collapse, blaming "a weakness in our system."

  • Gox, once the world's biggest bitcoin exchange, has filed for bankruptcy protection at the Tokyo District Court, Japanese media reported on Friday. The website of Tokyo- based Mt. Gox went dark on Tuesday, raising concerns about the future of the unregulated virtual currency.

  • Oleo e Gas, formerly known as OGX, filed Latin America's largest ever bankruptcy on Oct. 30. OSX gets nearly all of its revenue from Oleo e Gas and its a principal creditor of the company. Both OSX and Oleo e Gas are controlled by Brazilian tycoon Eike Batista.

  • Quiznos considers bankruptcy filing: Report Thursday, 27 Feb 2014 | 3:18 PM ET
    A Quiznos location in Denver.

    Quiznos is preparing to file for bankruptcy within a few weeks as it battles with declining sales, The Wall Street Journal reported.

  • Detroit bankruptcy judge sets next steps Tuesday, 25 Feb 2014 | 5:57 PM ET
    Kevyn Orr

    The judge in the historic Detroit bankruptcy has laid out the next steps for city, which could have the it emerging from bankruptcy by fall.

  • Detroit bankruptcy plan faces widespread backlash Friday, 21 Feb 2014 | 4:57 PM ET
    Kevyn Orr

    The attacks on the blueprint unveiled Friday mark the start of the kind of litigious, acrimonious battle city officials are hoping to avoid.

  • Detroit files bankruptcy plan with 34% pension cut Friday, 21 Feb 2014 | 11:16 AM ET
    Detroit street scene, February, 2014.

    Detroit's emergency manager filed a plan for emerging from the largest municipal bankruptcy in U.S. history.

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