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Bankruptcy

A collection of news and information related to Bankruptcy published by this site and its partners.

Top Bankruptcy Articles

Displaying items 111-121
  • CNBC goes to school on Social Security, flunks out

    CNBC goes to school on Social Security, flunks out
    A couple of well-heeled anchor-reporters for CNBC -- the type of people who need never beg for lunch dates among Wall Street bankers -- Friday batted around the supposed threat to the republic posed by hordes of seniors collecting Social Security...
  • The JPMorgan exception

    The JPMorgan exception
    JPMorgan Chase is trying to reach a multibillion-dollar deal with the federal government to settle allegations of securities fraud — based largely on claims against two failing banks it rescued during the crisis at Washington's behest. The...
  • Detroit poised to elect its first white mayor since 1974

    Detroit poised to elect its first white mayor since 1974
    DETROIT — The last time there was a white mayor of Detroit, the Vietnam War was just ending and the nation was getting used to a Supreme Court decision called Roe vs. Wade. But now this city, which is in the midst of a trial to determine whether...
  • Stockton voters approve new tax measure for bankrupt city

    Stockton voters approve new tax measure for bankrupt city
    STOCKTON -- If a measure to increase the sales tax didn’t pass, there would be few options for this crime-plagued and bankrupt city, municipal officials said.  But on Tuesday, Stockton voters agreed to an increase of 3/4 of a cent -- raising...
  • Stockton voters approve tax hike to help city emerge from bankruptcy

    Stockton voters approve tax hike to help city emerge from bankruptcy
    Residents of Stockton approved a sales-tax increase that officials say will help the city emerge from bankruptcy. The city of about 300,000 filed for Chapter 9 protection in July 2012, at the time the largest U.S. city to do so. Stockton was later...
  • Voters in bankrupt San Bernardino recall several elected officials

    Voters in bankrupt San Bernardino recall several elected officials
    A recall effort in bankrupt San Bernardino ousted a number of elected officials Tuesday, including a longtime city councilwoman who, despite facing the music in her own district, managed to be the top vote-getter in the citywide race to be mayor,...
  • Survivor of Sparks, Nev., shooting says he is lucky to be alive

    Survivor of Sparks, Nev., shooting says he is lucky to be alive
    One of the boys wounded in a middle school shooting in Sparks, Nev., says he is lucky to be alive and people should remember that guns are not toys. The rampage early Monday left a teacher dead and two boys injured. The shooter, whom authorities have...
  • Gretzky, NHL reach deal to pay him money owed from Phoenix Coyotes

    Gretzky, NHL reach deal to pay him money owed from Phoenix Coyotes
    The NHL has agreed to pay Wayne Gretzky the money he was owed from his tenure as a part-owner of the Phoenix Coyotes, a sum reported to be between $7 million and $8 million. The settlement could bring Gretzky back to the NHL in the role of ambassador or...
  • Bankruptcy protection offers hope for Detroit, setback for its unions

    Bankruptcy protection offers hope for Detroit, setback for its unions
    After a federal judge ruled Tuesday that Detroit was eligible for bankruptcy protection and cleared the way for municipal pensions to be cut, city officials were upbeat, called for unity and urged residents to look ahead with optimism. But for the city'...
  • Judge OKs Detroit bankruptcy filing but questions selling DIA art

    Judge OKs Detroit bankruptcy filing but questions selling DIA art
    The bad news for the Detroit Institute of Arts today is that a bankruptcy judge has authorized the city that owns the museum to declare bankruptcy, giving its creditors a legal forum for insisting that the most valuable masterpieces from the DIA's admired...
  • A wake-up call from Detroit

     A wake-up call from Detroit
    A judge's ruling Tuesday that the city of Detroit's bankruptcy case may go forward — and that its pension obligations are not entitled to special protection but can be reduced, along with other debts — sends a chilly message to workers in...