This week in bankruptcy news: San Bernardino, California gets the green light for their Chapter 9 filing; while the presiding judge hints at giving American Airlines bankruptcy merger the same in the coming weeks. Read the full stories below: San Bernardino Wins Eligibility for Bankruptcy Judge Hints At Helping American Airlines Out Of Bankruptcy

A telecommunications company based out of Fort Worth, TX, Teletouch Corp., has announced it will be filing for Chapter 11 bankruptcy, according to sources. The corporation – which operates under the trade name Hawk Electronics – defaulted on a loan to its largest lender, which had blocked access to $800,000 in funds in the corporation’s  … Read more

This week in bankruptcy news: Kodak exits bankruptcy protection as a smaller, more financially efficient digital imaging company. Meanwhile, Detroit’s bankruptcy case may soon be  more accessible to the public as the city  is being called to publicly disclose some of its records. Read the full stories below: Court Gives Kodak Approval to Leave Bankruptcy  … Read more

Whether citing corruption, mismanagement, depopulation, the plight of the American auto industry, income inequality, or any of a host of other explanations, the bottom line for Detroit has been a financial catastrophe and inability to function that has resulted in the largest municipal Chapter 9 filing in America to date. Some experts and bankruptcy lawyers  … Read more

This week in bankruptcy news: an antitrust lawsuit delays American Airlines’ bankruptcy exit through  merger with US Airways; and Detroit’s Chapter 9 case meets more opposition as employee pension funds object to proposed budget cuts. Read the full stories below: AMR Bankruptcy Judge Delays Decision on Exit Plan Detroit pension funds to object to city’s  … Read more

This Friday, a judge is set to hear the next step in the city of Detroit’s Chapter 9 bankruptcy proceedings. If all goes according to the city’s plan, their filing for bankruptcy will be approved, and the city’s emergency manager, Kevyn Orr, will be able to move forward with a restructuring plan. The filing is  … Read more

This week in bankruptcy news: a Canadian railroad company files for bankruptcy protection after liability obligations resulting from a tragic crash forced the company into insolvency.  Meanwhile, Detroit’s bankruptcy filing is running smoothly, and the city hopes to successfully exit their case earlier than expected. Read the full stories below: Montreal Maine Railway Files for  … Read more

AMR Corp., the Fort Worth-based air carrier and the parent company of American Airlines, filed for Chapter 11 business bankruptcy in November 2011. Since then the company has posted some of its best fiscal quarters, including a net income of $220 million from April to June 2013, its first reported second quarter profit since 2007.  … Read more

Mitzi Osborne, the widow of Jennings Osborne, a renowned Little Rock businessman, has filed for a Chapter 7 bankruptcy. According to the bankruptcy petition, Ms. Osborne owes $1.2 million and has approximately $1.5 million in assets. However, during her initial Chapter 7 filing, Ms. Osborne reportedly excluded a few of her financial details. In the  … Read more

This week in bankruptcy  news: A video game production company finally sees an end to their 8 month bankruptcy case as a judge approves asset liquidation to resolve debt obligations to creditors. Meanwhile, the Phoenix-area reports a continued dip in bankruptcy filings; a pattern also seen nationally in the first two quarters of this year.  … Read more