Recent Updates

  • Circuit City files for bankruptcy protection

    Circuit City files for bankruptcy protection

    Bankruptcy 11/11/2008

    Circuit City Stores Inc., the nation's second-biggest electronics retailer, filed for bankruptcy protection on Monday but plans to stay open for business as the busy holiday season approaches.It said it decided to file for bankruptcy protection becau...

  • British bankruptcies jump 9.5 percent in 3Q

    British bankruptcies jump 9.5 percent in 3Q

    Bankruptcy 11/10/2008

    Individual bankruptcies in Britain jumped 9.5 percent in the third quarter from last year, while company insolvencies rose a stunning 26 percent as the financial crisis hiked the cost of loans, official figures showed Friday.Britain's Office for Nati...

  • Bankruptcy judge orders victim to pay back thief

    Bankruptcy judge orders victim to pay back thief

    Bankruptcy 09/22/2008

    Mark Poveromo feels ripped off twice over. A judge ordered him to repay money he collected from a builder convicted of stealing from him — and told him to kick in the thief's attorney fees and court costs, too.Some legal experts say the case, in whic...

  • Lehman Brothers schedules bankruptcy court hearing

    Lehman Brothers schedules bankruptcy court hearing

    Bankruptcy 09/17/2008

    Lehman Brothers has scheduled a hearing in its bankruptcy case that could lead to a judge's approval of an asset sale.The investment bank, which filed the biggest U.S. bankruptcy case on Monday, has on its agenda for the meeting Tuesday afternoon a m...

  • Lehman Brothers files for Chapter 11 protection

    Lehman Brothers files for Chapter 11 protection

    Bankruptcy 09/15/2008

    Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 bankruptcy protection from its creditors on Monday and said it was trying to sell off key business units.The filing was m...

  • Imprisoned Vick files Chapter 11 bankruptcy

    Imprisoned Vick files Chapter 11 bankruptcy

    Bankruptcy 07/10/2008

    Seven months after Michael Vick was sentenced to federal prison, the fallen Falcons quarterback found himself in a “precarious financial position” and filed for bankruptcy. One of his creditors is the Falcons.In Chapter 11 documents filed in federal ...

  • Vick files for bankruptcy protection

    Vick files for bankruptcy protection

    Bankruptcy 07/08/2008

    Imprisoned quarterback Michael Vick is seeking bankruptcy protection, saying he owes between $10 million and $50 million to creditors.Vick filed Chapter 11 papers in U.S. Bankruptcy Court in Newport News on Monday. The seven largest creditors listed ...

  • Chrysler, Plastech may have interim deal

    Chrysler, Plastech may have interim deal

    Bankruptcy 02/05/2008

    Negotiators for Chrysler LLC and a troubled parts supplier were trying to end a dispute that shut down or canceled a shift at five Chrysler plants and threatened to idle all 14 of the automaker's assembly facilities.Plastech Engineered Products Inc.,...

  • Senate's Dodd to offer bankruptcy reform bill

    Senate's Dodd to offer bankruptcy reform bill

    Bankruptcy 11/28/2007

    A senior lawmaker said on Wednesday that he planned to introduce a bankruptcy reform bill that would give new relief to individuals overwhelmed by mortgage, medical and student loan debt.Sen. Christopher Dodd, a presidential candidate and chairman of...

  • Levitz Auction Set For Wednesday

    Levitz Auction Set For Wednesday

    Bankruptcy 11/26/2007

    New York-based Levitz Furniture, which was forced into bankruptcy by a credit crunch earlier this month, could have new owners as soon as Thursday after Manhattan’s bankruptcy court approved an auction that is set for Wednesday at noon. The winning b...

  • Delphi Asks to Delay Ch 11 Hearing

    Delphi Asks to Delay Ch 11 Hearing

    Bankruptcy 11/05/2007

    Auto-parts supplier Delphi Corp. has asked a U.S. bankruptcy court to delay one of its reorganization hearings so it can respond to objections raised by creditors and investors, the company said Monday.The Troy, Mich.-based company, which is still st...

  • Bankruptcy court approves Movie Gallery financing

    Bankruptcy court approves Movie Gallery financing

    Bankruptcy 10/18/2007

    [##_1L|1260753080.jpg|width="101" height="102" alt=""|_##]Movie Gallery Inc. received approval during its first appearance at the U.S. Bankruptcy Court late Tuesday to access financing from lenders and to pay employees and vendors. In the company's f...

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