The hits just keep on coming in the American Airlines bankruptcy case. As one of the most followed Chapter 11 cases in history, the company has been making some controversial moves. After recent news broke about 13,000 job cuts a few weeks ago  more cuts are being made to their sister airline, American Eagle. Airline  … Read more

The once omnipresent ice cream company has struggled with finances for quite some time. Even after their bankruptcy filing last November, the company continues to fight to resolve debts and stay afloat. With more than $11 million in debt hanging over their heads the company is seeking a bankruptcy loan if they are to have  … Read more

It  has been a while since any news surround the American Airlines bankruptcy was positive or brought hope to consumers and employees. However, a recent development in debt restructuring efforts may bring some revenue to the company without making further cuts to operations or jobs. The Right Stuff The Chief Commercial Officer, Virasb Vahidi, announced  … Read more

When Solyndra filed for bankruptcy late last year, many people were disturbed by the news that a company who received over $500 million government bailout two year prior would need bankruptcy protection. Much of the solar panel company’s Chapter 11 case has brought criticism and debate among industry officials. As the company works to restructure  … Read more

Just two short years after filing for bankruptcy, GM is reporting an annual profit for 2011. This is great news for the many employees and stockholders who rode out the storm when the company entered Chapter 11 in 2009. Post-Bankruptcy Bounce Back Gm reported an annual profit of $7.6 billion in 2011, up from only  … Read more

Although the economy grew by nearly 2 percent in 2011, consumer spending is still suppressed. While many people have cut their spending habits many retail operations have felt the effects. Everything from restaurants to retail clothing stores are  now finding themselves in Chapter 11 in hopes of restructuring debts and regaining profitability. Plus Sized Debts  … Read more

American Airlines officials met yesterday with the head of three major employee unions to discuss the future of the company and its Chapter 11 restructuring plans. The stakes ran high as many watched and waited, wondering exactly what went on behind closed doors in the discussion of the airline bankruptcy. Big Decisions Hit Home AMR,  … Read more

As the first official announcement of the Los Angeles Dodgers bankruptcy hit last summer as baseball fans began to panic about the fate of America’s favorite pastime. While the Dodgers haven’t been the only sport teams to file Chapter 11 over the last year, there has been quite a lot of debate and confusion over  … Read more

Another big name in the restaurant business has filed for Chapter 11 bankruptcy. The only difference  between this filing and the several other restaurant chains filing late last year, is that Buffets Inc. exited a previous bankruptcy filing back in 2008. Despite the negative connotation this may bring to light, the fact is that many  … Read more

The Better Business Bureau is used to fielding complaints from consumers regarding business practices. Most of the complaints surround issues of unfair practices and stubborn customer relations. However, in light of the increase in business bankruptcy filings, the BBB is now encouraging consumers to file complaints against businesses who enter bankruptcy. The Right To Complain  … Read more