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Highlights

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

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    Mar 19, 2012 |Story| KIAH-LTV
  1. TaxMasters files bankruptcy

    TaxMasters, the Houston-based firm that advertises it can help consumers facing problems with taxes, filed for bankruptcy protection Sunday.
    CNNMoney
    TaxMasters, 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

  2. Dec 5, 2011 |Story| KIAH-LTV
  3. Snail mail's about to get even slower

    Neither rain, nor sleet, nor snow or hail is supposed to slow down the u-s mail, but looming bankruptcy will do it.
    KIAH
    Neither 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.

  4. Nov 29, 2011 |Story| KIAH-LTV
  5. American Airlines files for bankruptcy

    It was really only a matter of time. American airlines announced it’s filing for chapter 11 bankruptcy.
    KIAH
    It 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

  6. Feb 1, 2012 |Story| KIAH-LTV
  7. American Airlines plans to cut 13,000 jobs

    American 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.
    CNNMoney
    American 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

  8. Jan 16, 2012 |Story| KIAH-LTV
  9. Twinkie

    Hostess 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 passed through most of our lips, the Twinkie has its place in the U.S. legal lexicon.
    KIAH
    Hostess 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

  10. Jan 10, 2012 |Story| KIAH-LTV
  11. Expiration Date: Hostess filing for bankruptcy

    Hostess Brand Inc., the makers of Twinkie and Wonder Bread, is preparing to file for Chapter 11 bankruptcy.
    KIAH
    Hostess Brand Inc., the makers of Twinkie and Wonder Bread, is preparing to file for Chapter 11 bankruptcy. Reports say the company is in a cash crunch, unable to keep up with the rising cost of ingredients and labor. It's a sad day for Twinkie lovers...
  12. Nov 3, 2011 |Story| KIAH-LTV
  13. 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.
    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

  14. Nov 10, 2011 |Story| CNN
  15. 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.

  16. Mar 29, 2011 |Story| KIAH-LTV
  17. Closing Comments: Bankrupt America

    President Obama once said he'd rather be a good one term President than a mediocre two-termer.  Apparently our President has changed his mind.
    KIAH
    President 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

  18. Oct 1, 2008 |Story| KIAH-LTV
  19. 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...
  20. Jan 28, 2009 |Story| KIAH-LTV
  21. 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

  22. Feb 25, 2009 |Story| KIAH-LTV
  23. 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

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Bankruptcy Photos
Houghton Mifflin, publisher of titles such as "Curious...
(May 21, 2012)
Publisher Hougton Mifflin files for bankruptcy Monday
Ally Financial's mortgage arm ResCap has filed for Chap...
(May 14, 2012)
Ally Financial's mortgage arm ResCap files for Chapter 11 bankruptcy
A bankruptcy-related spat with its unions may cause Hos...
(April 17, 2012)
Troubled future for Twinkies? Hostess' spat with its unions may end badly.