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.
Bankruptcy filings by U.S. consumers jumped 47.7 percent in April from one year ago as families cope with fallout from the subprime mortgage crisis, the American Bankruptcy Institute said Friday.
Frontier Airlines Holdings has filed for Chapter 11 bankruptcy protection, but unlike other airlines filing for bankruptcy in recent weeks, it plans to keep running while it reorganizes.
ATA Airlines canceled all flights Thursday after filing for bankruptcy as it posted advisories at ticket counters in the handful of cities it still served and sought assistance for stranded passengers.
The Senate Finance Committee's top Republican, Chuck Grassley, said Thursday he has ordered his staff to inquire about how Bear Stearns insiders are being treated under the deal with JPMorgan Chase.
Thornburg Mortgage on Friday said its survival is at stake because it is unable to meet $610 million of margin calls.
A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.
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...
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Countrywide Financial, the largest U.S. mortgage lender, said its management believes the company has ample liquidity and capital.
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.
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.
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.
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.
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.