December 3, 2013 The largest municipal bankruptcy in U.S. history took a step forward Tuesday when a judge said the city can go forward with its Chapter 9 bankruptcy case. Now a manager will work to cut pension costs and make deals with creditors. Detroit is $18.5 billion in debt.
July 19, 2013 The lights will remain on and city services should continue, says Michigan Gov. Rick Snyder. But the filing sets in motion what could be a years-long process to resolve the bankruptcy case.
February 18, 2013 The venerable magazine's parent company has filed for bankruptcy protection for the second time in less than four years. RDA Holding says it plans to emerge from Chapter 11 in less than six months. The magazine will continue to be published during the period.
November 16, 2012 Already in bankruptcy protection, the company has also been dealing with a nationwide strike. It says it can't go on. So 18,500 jobs are being eliminated. And some iconic taste treats may soon be scarce.
August 1, 2012 And he live-tweeted it. "Bought this back, just to give it away!"
June 5, 2012 A bankruptcy judge has ruled that the pension fund of a small U.S. territory is a "governmental unit" and therefore not eligible to file Chapter 11 bankruptcy.
February 2, 2012 The bankrupt airline wants a federal agency to assume responsibility for its pension promises.
February 1, 2012 The company, now in bankruptcy protection, would eliminate as many as 16 percent of its jobs. "But we will also preserve tens of thousands of jobs that would have been lost if we had not embarked on this path," CEO Tom Horton says.
January 11, 2012 Twinkies maker Hostess Brands Inc., is again seeking protection from its creditors, blaming high debt and rising costs of labor and raw materials. Sales of Twinkies are down, despite its prime product placement in the 2009 film Zombieland.
August 16, 2011 Evergreen Solar is filing for Chapter 11 bankruptcy relief, seven months after it fired 800 employees. But the company will face a fight with the state of Massachusetts, which in 2008 awarded more than $30 million in grants and incentives.