The tech world responds in shock today at the news that dotcom pioneer, Halsey Minor, has filed for bankruptcy. Once worth nearly $1 billion, Minor has filed for a Chapter 7 bankruptcy to discharge approximately $100 million in debt. Best known as the founder of CNET, Minor is now worth less than half of what  … Read more

This week in bankruptcy news: Jefferson County, Alabama wraps up their historical Chapter 9 filing after striking a deal with creditors. GM made a rare return to the S&P500 this week just four years after their successful exit from Chapter 11 bankruptcy. Read the full stories below: A County in Alabama Strikes a Bankruptcy Deal  … Read more

Better Place, a world leader in developing and manufacturing battery-powered cars, is filing for bankruptcy in Israel. The announcement of the business’s bankruptcy comes just 7 months after the ouster of the company’s founder, Shai Agassi, and 5 months after the departure of his successor as well. Despite massive research and investment in electric vehicles,  … Read more

This week in bankruptcy news: another labor union takes the hit when Patriot Coal moves to avoid the need for bankruptcy by cutting millions from union obligations. Meanwhile Detroit officials are preparing for a better financial future with or without Chapter 9. Read the full stories below: Patriot Coal Bankruptcy Deal Draws Criticism From Miners  … Read more

It’s crunch time for the city of Detroit. After a scathing report from former bankruptcy lawyer Kevyn Orr stating that the city would likely have to file for bankruptcy, Detroit now has a six-week deadline to get their finances in order. Negotiated settlements, bond restructurings, and budget reconsideration’s will all occur within the next month and a  … Read more

This week in bankruptcy news: The city of Detroit has six weeks to make big moves in the debt restructuring process if they are to avoid a Chapter 9 filing. Meanwhile, once popular game label, Atari, is seeking $22 million for its catalog of products in order to break free from the financial hold of  … Read more

It’s official: the city of Detroit is broke. A recent report by the appointed emergency manager for the city details the financial struggles of the city. The report by bankruptcy attorney Kevyn Orr is the first he’s released since taking the position in March. According to Michigan state law, a report is due within 45  … Read more

This week in bankruptcy news: A recent study suggests that cancer patients are twice as  likely to seek bankruptcy protection due to insolvency from overwhelming medical debt than those without cancer. Meanwhile, more California cities are facing financial troubles that could lead them into Chapter 9. Read the full stories below: Cancer Patients More Prone  … Read more

Ledgemont Capital Group LLC in New York has filed for a Chapter 7 bankruptcy to liquidate its assets. The case will be heard in a U.S. Bankruptcy Court in the District of Delaware. Ledgemont is best known for its joint efforts with Renaissance Capital as an underwriter for FriendFinder Networks Inc., which had a $460  … Read more

This week in bankruptcy news: The country’s largest municipal bankruptcy case could be completed by as early as the end of this year. The high-profile Casey Anthony bankruptcy case is delayed yet again, this time tied up in defamation lawsuits against Anthony. Read the full stories below: Jefferson County bankruptcy attorney presents timeline for getting  … Read more