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).
For more information about Bankruptcy, read the full article at
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News tagged with bankruptcy
GM to launch plug-in hybrid SUV in 2011
Aug 07, 2009 |
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General Motors will launch a plug-in hybrid sport utility vehicle under the Buick brand in 2011, the automaker said Thursday.
Illness, medical bills linked to nearly two-thirds of bankruptcies
Jun 04, 2009 |
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Medical problems contributed to nearly two-thirds (62.1 percent) of all bankruptcies in 2007, according to a study in the August issue of the American Journal of Medicine that will be published online Thursday. The data w ...
Private equity firms win battle for bankrupt Polaroid
Apr 17, 2009 |
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Bankrupt Polaroid Corp. has been bought by a pair of private equity firms after a judge threw out the acquisition of the iconic inventor of instant photography by another investor.
US newspaper ad revenue down nearly 28 percent
Nov 20, 2009 |
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US newspaper advertising revenue fell by nearly 28 percent in the third quarter, continuing a slide which has led to layoffs, bankruptcies and the closure of several dailies.
US newspaper circulation slide accelerates
Oct 26, 2009 |
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Daily circulation figures for US newspapers released on Monday provided more bad news for an industry battling the flight of readers to the Web and battered by a steep decline in advertising revenue.
Simmons plans to file for bankruptcy protection
Sep 25, 2009 |
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(AP) -- Simmons Co., the maker of Beautyrest mattresses, said Friday that it plans to file for Chapter 11 bankruptcy protection in a move that will put new owners in charge of the bedding unit and significantly lower the ...
Pirate Bay suitor served with bankruptcy petition: court
Sep 18, 2009 |
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Pirate Bay suitor Global Gaming Factory has been served with a bankruptcy petition, a Stockholm court official said on Friday, after a former board member filed a complaint over unpaid debts.
Ownership of Unix copyright headed to trial
Aug 25, 2009 |
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(AP) -- A federal appeals court on Monday reversed a judge's decision that granted the copyright of the Unix computer operating system to Novell Inc.
General Motors to try selling new cars on eBay
Jul 10, 2009 |
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(AP) -- As part of its turnaround plan, General Motors Corp. said Friday it plans to experiment with auctioning new cars on eBay, expanding on an existing partnership covering certified used vehicles on the online marketplace.
Unclear what happens to personal info with Clear
Jun 27, 2009 |
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(AP) -- More than a quarter million people are wondering what will happen to their fingerprints, Social Security numbers, home addresses and other personal information now that a company that sped them through ...
Study: Bankruptcy rates reflect policy, not people
Jun 22, 2009 |
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What do high bankruptcy rates in states like Tennessee and Utah tell us about the people that live in those places? Not much, according to a new 50-state bankruptcy study published in the latest issue of the Journal of La ...
Nortel to sell itself off in pieces
Jun 20, 2009 |
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(AP) -- Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company.
DirecTV sued over ads on Charter's bankruptcy case
May 12, 2009 |
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(AP) -- Charter Communications Inc. is suing DirecTV Group Inc. over advertisements that try to persuade subscribers to switch TV service by touting Charter's bankruptcy filing.
Job loss can make you sick, new study finds
May 08, 2009 |
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In the face of rising unemployment and businesses declaring bankruptcy, a new study has found that losing your job can make you sick. Even when people find a new job quickly, there is an increased risk of developing a new ...
Research: No evidence for 'too big to fail' policies
Apr 24, 2009 |
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The U.S. economy would be better served by letting failing firms file for bankruptcy rather than by bailing them out under presumptive federal policies that deem them to be "too big to fail," according to ...
