Bankruptcy
hideBankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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News tagged with bankruptcy
Financial restructuring in fresh-start chapter 11 reorganizations
Nov 30, 2009 |
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The effectiveness of the existing bankruptcy code has long been a source of vigorous debate. More and more lately, high-profile firms like General Motors, Enron, and K-Mart are seeking protection from creditors through Chapter ...
Stern's threat to quit Sirius could be empty talk
Dec 21, 2009 |
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(AP) --Howard Stern is threatening to leave Sirius XM Radio Inc. now that the shock jock and the satellite radio provider are getting set to enter contract talks in 2010.
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Study expects rising interest in energy saving
Dec 16, 2009 |
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(AP) -- Energy-efficient technology for batteries, grids and power storage will be trendy in 2010, according to a study released Wednesday on clean energy technology.
Biodiesel refinery hopes to finally begin soon
Dec 15, 2009 |
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Starting up a new business is tough, but starting up in a new industry can be even tougher. That helps explain why the city's cutting-edge biodiesel refinery, one of a handful of its kind in the country, hasn't begun production ...
Health Care bill clears key Senate test
Dec 21, 2009 |
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(AP) -- Landmark health care legislation backed by President Barack Obama passed its sternest Senate test in the pre-dawn hours early Monday, overcoming Republican delaying tactics on a 60-40 vote that all ...
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