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Bankruptcy

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  • GM CEO: No Bankruptcy Plans, No Further Sell-Offs Thursday, 10 Jul 2008 | 3:42 PM ET

    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.

  • Steve & Barry's Files for Chapter 11 Bankruptcy Wednesday, 9 Jul 2008 | 1:41 PM ET

    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.

  • Turnaround Specialists Gear Up as Demand Soars Wednesday, 7 May 2008 | 2:31 PM ET

    Corporate travails are a boon for firms that offer restructuring services to struggling companies

  • Consumer Bankruptcies Jump 47.7%: Group Friday, 2 May 2008 | 10:50 AM ET

    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 Air Files for Bankruptcy, but Keeps Flying Friday, 11 Apr 2008 | 11:52 AM ET

    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.

  • Bankrupt ATA Airlines Cancels All Flights Thursday, 3 Apr 2008 | 8:38 AM ET

    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.

  • Senator Wants to Know How Bear Insiders Will Fare Thursday, 20 Mar 2008 | 3:36 PM ET

    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.

  • Euro Rise to $1.6 Means Bankruptcy for French Aviation Tuesday, 18 Mar 2008 | 10:45 AM ET

    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.

  • California Suburb Vallejo Faces Bankruptcy Thursday, 28 Feb 2008 | 11:37 AM ET

    A Bay Area suburb grappling with declining revenue and ballooning employee expenses may become the first city in the state to declare bankruptcy.

  • Sharper Image, Lillian Vernon File for Bankruptcy Wednesday, 20 Feb 2008 | 10:21 AM ET
    Sharper Image

    Troubled retailers Sharper Image and Lillian Vernon have filed for bankruptcy, pointing to the effects of a weak holiday season and a struggling economy.

  • Prenuptial Pacts Move Mainstream Friday, 8 Feb 2008 | 1:50 PM ET

    Prenuptial agreements are often associated with millionaire moguls and super celebs, but the truth is prenups are not only for the über rich and famous. In fact, people of all ages and ranges of net worth could find a lot of value in signing one before they tie the knot.

  • Avoid Costly Pitfalls Of Cohabitation Friday, 8 Feb 2008 | 1:48 PM ET

    The number of Americans trading in marriage for cohabitation continues to rise.  So, assuming that arrangement means commitment and longevity, couples need to make sure you have an estate plan in place to avoid some very unwelcome surprises down the road. 

  • Q&A with John: Should I Declare Bankruptcy? Wednesday, 6 Feb 2008 | 4:34 PM ET
    John Ulzheimer

    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...

  • America's Corporate Undertaker Thursday, 10 Jan 2008 | 7:10 PM ET

    Epiq Systems profits when companies go under. With bankruptcies on the rise, it may be the ultimate hedge against prosperity.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Countrywide Says It Has Ample Liquidity, Capital Tuesday, 20 Nov 2007 | 4:22 PM ET

    Countrywide Financial, the largest U.S. mortgage lender, said its management believes the company has ample liquidity and capital.

  • NovaStar Stock Plunges 63% on Bankrupty Warning Thursday, 15 Nov 2007 | 2:52 PM ET

    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.

  • Movie Gallery Files for Bankruptcy Protection Tuesday, 16 Oct 2007 | 4:09 AM ET

    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.

  • Billionaire Ross Offers to Buy American Home  Unit Friday, 21 Sep 2007 | 5:35 PM ET

    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.

  • Failed Lender Makes Grab for Employee Funds Tuesday, 18 Sep 2007 | 1:09 PM ET

    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.