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Bankruptcy

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  • GM's Downsizing Of Dealers Won't Be Easy Monday, 5 Jan 2009 | 10:33 AM ET
    GM Dealership

    For all the hand wringing you see from people wondering if GM and Chrysler can get the UAW to re-work wages and benefits or for debt holders to agree on a debt for equity swap, the real trick will be closing dealerships.

  • The Bush administration is seriously considering "orderly" bankruptcy as a way of dealing with the desperately ailing U.S. auto industry.

  • 2008: The Year of Bankruptcy Wednesday, 17 Dec 2008 | 12:35 PM ET

    In theory, the mass bankruptcy filings should be good for the economy by giving people a second chance. But the damage is already done.

  • KB Toys Files for Bankruptcy Protection Thursday, 11 Dec 2008 | 3:08 PM ET

    In another sign of the grim holiday season, KB Toys filed for bankruptcy protection for the second time in four years on Thursday, joining fellow retailers Linens 'n Things and Steve & Barry's in seeking Chapter 11 protection amid the recession.

  • British Retailers Brace Against Downturn Thursday, 11 Dec 2008 | 9:41 AM ET

    Britain's biggest retailer, Tesco, announced price cuts of 50 percent. Former household favorite Woolworths began a closing-down sale. Music retailer HMV reported a sizable first-half net loss.

  • Is Bankruptcy the Right Answer? Wednesday, 10 Dec 2008 | 9:53 PM ET

    It may be your last best option. But you better know what you're doing before you go through with it.

  • A little before 2 pm ET, The Tribune Company issued a statement that they have filed for bankruptcy. With the statement, came this weird note: "The Chicago Cubs franchise, including Wrigley Field, is not included in the Chapter 11 filing. Efforts to monitize the Cubs and its related assets will continue."

  • Would You Buy a Car From a Bankrupt Manufacturer? Friday, 5 Dec 2008 | 10:53 AM ET

    Suppose you were going to buy a new car. With all things being equal — like price, performance, extra features — would you be willing to purchase a car made by a manufacturer that has filed for bankruptcy protection?

  • Bankruptcy Possibility? Trump Casino Misses Payment Monday, 1 Dec 2008 | 5:07 PM ET

    As millions of Americans are having problems paying their mortgages, so too are some Atlantic City casinos.

  • Rustling Through the Bargain Bin for Retail Stocks Monday, 1 Dec 2008 | 3:48 PM ET

    Sweet deals inspired shoppers to hit the mall this weekend, but it doesn't look like the buying binge was enough to save the holiday season. But what's the outlook for investors beyond that. CNBC talked with two retail analysts to get their take.

  • Consumer Warning: Rebate Processor Files for Bankruptcy Wednesday, 19 Nov 2008 | 9:08 PM ET

    If you’ve recently received a rebate check from Canon, Costco or Home Depot, you might be for a shock.

  • Reasons NOT To Modify Troubled Home Loans Wednesday, 19 Nov 2008 | 3:19 PM ET

    I've heard a lot of arguments against, but today I read the most compelling testimony from David Kittle, Chairman of the Mortgage Bankers Association before the Senate Judiciary Committee.

  • Bankruptcy Is Giving Firms Less Chance for Survival Wednesday, 19 Nov 2008 | 11:06 AM ET

    More companies that file for bankruptcy protection are shutting down, lawyers say, because they cannot obtain enough financing to operate while they reorganize.

  • Chadwick: Why I Am So Worried About The Economy Wednesday, 19 Nov 2008 | 8:57 AM ET

    There are ‘stock’ people and there are ‘bond’ people. I am a stock person and have been all my life. It suits my personality because stock people are optimists. We see the glass as half full.

  • Buying From Bankrupt Stores Monday, 10 Nov 2008 | 9:17 PM ET

    How to make sure their financial problems don't become yours.

  • US Auto Industry Bailout May Rest with Congress Monday, 10 Nov 2008 | 4:17 PM ET

    The U.S. auto industry's best chance for $25 billion in immediate government help may come next week when Congress returns.

  • GM's Shares Plunge Amid Worsening Outlook Monday, 10 Nov 2008 | 12:22 PM ET
    General Motors logo

    General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital.

  • Circuit City Files for Chapter 11 Bankruptcy Monday, 10 Nov 2008 | 9:45 AM ET
    A Circuit City store in Richmond, Virginia.

    Circuit City Stores, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection Monday just a few weeks before the start of the key holiday shopping season, becoming the largest retailer to file under Chapter 11 this year.

  • Henes: A Gameplan for Distressed Company Investing Wednesday, 5 Nov 2008 | 3:36 PM ET

    There's an opportunity for distressed investors to purchase strong, but over-leveraged, distressed companies for relatively cheap prices and with significant downside protection.

  • Private Equity Opportunity: Buy The Distressed Friday, 24 Oct 2008 | 1:39 PM ET

    Today, the investment thesis for private equity funds should be to buy distressed, but market leading, companies.