New here? Start with these articles to learn about US bankruptcy, debtor bankruptcy
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You'll also learn the causes of debts that can lead you to file bankruptcy and how to recover
from it.The Impact Of Automaker Bankruptcies On Injured People
When Chrysler emerged from bankruptcy this year, the company received an important gift from the bankruptcy court.
All 'Bankruptcy News' Articles
Circuit City and 17 Affiliates File for Bankruptcy Protection
Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy protection on 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. Circuit City fell victim to tighter credit terms from vendors and a loss of market share to Best Buy Co, Wal-Mart Stores Inc and other rivals.
Tennessee Country Singer Files for Chapter 7 Bankruptcy
Country singer Lorrie Morgan has filed for bankruptcy for primarily business related debts, according to a court filing. Morgan filed for Chapter 7 bankruptcy in federal court, listing her estimated liabilities between $1 million to $10 million. The bankruptcy filing showed her with assets of $500,000 to $1 million.
Motorola Settles Iridium Bankruptcy Cases
Motorola, Inc. today announced that on May 20, 2008, Judge James M. Peck approved a global settlement of disputes in the Iridium bankruptcy cases pending in the United States Bankruptcy Court for the Southern District of New York. Approval of this settlement resolves in Motorola’s favor, at no out of pocket cost to the Company, all pending claims against the Company arising out of Iridium’s bankruptcy proceedings.
U.S. Auto Manufacturers Are They Ready To Declare Bankruptcy?
U.S. auto manufacturers are facing more pressure from import manufacturers every year. They have already been feeling the heat from Nissan, Toyota and Honda, but now with Hyundai taking a larger chunk of the middle and lower range cars, SUV’s and trucks this may be the start of the end of the likes of Ford and G.M. Ford has already announced a restructuring and a projected cut of 30,000+ jobs.
