ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.» Read More
In the midst of the greatest economic freefall this country has ever seen, one of the most popular topics among those in the sports finance world is which team, in which league, will file for bankruptcy first and when.
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:
Shares of UAL, the parent of United Airlines, were blasted Monday by a false rumor that the company was declaring bankruptcy.
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.
Luckily, if your credit rating is less than worthy, there are steps you can take to redeem yourself. First and foremost, start making payments on time.
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.
Corporate travails are a boon for firms that offer restructuring services to struggling companies
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.
The rise of the euro towards $1.60 threatens bankruptcies in Europe's aerospace industry, the head of France's Dassault Aviation, maker of Falcon business jets and Rafale fighters, said on Tuesday.
Thornburg Mortgage on Friday said its survival is at stake because it is unable to meet $610 million of margin calls.