Highlights
A collection of news and information related to Bankruptcy published by this site and its partners.
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TaxMasters files bankruptcy
CNNMoneyTaxMasters, the Houston-based firm that advertises it can help consumers facing problems with taxes, filed for bankruptcy protection Sunday. The firm, which had a prominent ad campaign featuring CEO Patrick Cox on numerous cable channels has already been...Tags: Advertising, Lawyers, Crime, Law and Justice, Financially Distressed Companies, Justice System
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Snail mail's about to get even slower
KIAHNeither rain, nor sleet, nor snow or hail is supposed to slow down the u-s mail, but looming bankruptcy will do it. The U.S. Postal Service, that agency that puts catalogs in your mail box, is getting rid of next day delivery. So by next spring we...Tags: U.S. Postal Service, Mail Order Industry, Netflix Inc.
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American Airlines files for bankruptcy
KIAHIt was really only a matter of time. American airlines announced it’s filing for chapter 11 bankruptcy. The Fort-Worth based company says it had to do it to cut costs and unload massive debt. This comes after American recently denied...Tags: American Airlines, Inc., Air Transportation Industry, Financially Distressed Companies, Companies and Corporations, Economy, Business and Finance
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American Airlines plans to cut 13,000 jobs
CNNMoneyAmerican Airlines told its unions Wednesday it plans to cut 13,000 jobs from the staff of 88,000 at the nation's No. 3 airline. The cuts will fall most heavily on the airline's maintenance operations, which will lose 4,600 jobs. More than 4,000...Tags: Air Transportation Industry, AMR Corp., Companies and Corporations, Financially Distressed Companies, Companies and Corporations
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Twinkie
KIAHHostess Brands is allegedly preparing to file for Chapter 11 bankruptcy protection. Prices of ingredients are going up and $860-million of debt plus $50-million owed to vendors is choking the company to death! This little piece of Americana, has not only...Tags: Harvey Milk
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House panel subpoenas White House over Solyndra
A House panel voted Thursday to subpoena the White House for documents related to the solar energy company Solyndra.
The House Energy and Commerce Committee's subcommittee on oversight and investigations voted 14 to 9 in favor of issuing the subpoenas...Tags: Democratic Party, Cliff Stearns, Diana DeGette, Solyndra LLC, Politics
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Alabama county to file for largest municipal bankruptcy in U.S. history
Alabama's Jefferson County is set to file for the largest municipal bankruptcy in U.S. history after commissioners failed to approve a settlement on the county's billions in debts. Plagued by budget woes, Jefferson County had narrowly avoided filing...Tags: Robert J. Bentley, Financially Distressed Companies, Bonds, Finance, JPMorgan Chase & Co.
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Closing Comments: Bankrupt America
KIAHPresident Obama once said he'd rather be a good one term President than a mediocre two-termer. Apparently our President has changed his mind.Tags: Politics, Elections
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To Invest or Not to Invest?
When the stock market plunges, so goes the confidence of investors. Still, despite the frantic activity of nervous traders, finance professor and economist, James Weston says average investors should stay calm. "Market returns were down 8 percent two... -
Circuit City's Deals More of a Dud
Experts are saying bargain shoppers beware. The deals you think you're getting shopping store liquidations may not be much of a deal at all. "They did an investigation and found out the original prices were lower than the clearance prices," said Monica...Tags: Financially Distressed Companies, Toshiba Corporation, Best Buy Company Inc., Bedding and Linens
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Generation Broke, Being Young and Bankrupt
Many college students say they're part of "Generation Broke". With less than $150 dollars in his bank account, UH Junior, Kyle Lafkoff, is not surprised that one of the fastest growing group of people to file for bankruptcy is like him, those age 25...Tags: Financially Distressed Companies, Colleges and Universities, Education, Credit and Debt
Mar 19, 2012
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Dec 5, 2011
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Nov 29, 2011
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Feb 1, 2012
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Jan 16, 2012
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Jan 10, 2012
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Nov 3, 2011
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Nov 10, 2011
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Mar 29, 2011
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Oct 1, 2008
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Jan 28, 2009
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Feb 25, 2009
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