For our corporate reorganization regime to work properly, distressed companies need access to the DIP loan market or good, but over-leveraged, companies will fail.
Regulators have stepped up calls since the collapse of Lehman Brothers last month for more supervision of the $55 trillion credit derivatives market to improve its safety and transparency.
Our credit and consumer expert reveals a new way to think about bankruptcy protection.
Our credit expert breaks down and grades the different options for digging out of debt.
Lehman Brothers filed for bankruptcy on Sunday to become the largest casualty of the global crisis, while Bank of America adds another slice to its growing financial services empire, buying Merrill Lynch in a $50 billion deal. Following are today's top videos:
Italy's national airline Alitalia says it has filed for bankruptcy protection, taking the first step in reshaping what has been a failing company.
Peter and Tonya are trying to fulfill their dream of owning a home, saving for retirement and starting an emergency fund. Here's how they're going to do it.
Plus, some tough love for a serial credit abuser.
Also, what to do when your creditor files for Chapter 11, from On the Money's credit guru.
Also, why it's better for your credit to keep old cards open, from On the Money's credit guru.
General Motors Chief Executive Rick Wagoner is set to announce further steps on Tuesday morning to cut costs in the face of slumping sales.
U.S. apparel chain Steve & Barry's Chapter 11 bankruptcy filing last week is likely to lead to its liquidation, The Wall Street Journal said on Monday citing people involved in the case.
GM will not consider selling or eliminating any brands besides Hummer and has no plans to declare bankruptcy, Richard Wagoner, General Motors chairman and CEO, said Thursday at the Dallas Chamber of Commerce.
U.S. apparel chain Steve & Barry's on Wednesday filed for Chapter 11 bankruptcy protection, joining a lengthening list of retailers to seek protection from creditors in a slow economy.