Stockton, California has officially become the first major city in the United States to file for bankruptcy. On the first of April, a federal judge ruled that Stockton is eligible for financial protection through bankruptcy. After filing for bankruptcy, Stockton made their case that the city is broke and US bankruptcy Judge Christopher Klein agreed.  … Read more

This week in bankruptcy news: Stockton, California is granted permission to stay under Chapter 9 bankruptcy protection and Actor Kevin Costner is sued in bankruptcy court when he attempts to collect payment from a film distributor currently undergoing restructuring efforts. Read the full stories below: Judge rules Stockton can enter bankruptcy protection Kevin Costner Sued  … Read more

Though the Occupy Wall Street movement is largely dissolved, it has given birth to a new movement called Strike Debt. The organizers of Strike Debt are fighting back against what they view are unfair health care costs. They note the increasing medical debt that’s burdening many Americans, forcing them to file for bankruptcy. Because many  … Read more

This week in bankruptcy news: The bankruptcy court approved the merger between American Airlines and US Airways on Wednesday, but the $20 million severance package for current CEO Thomas W. Horton was declined. A decision in the acceptance of Stockton, California’s Chapter 9 case is expected by early next week. Read the full stories below:  … Read more

The solar panel manufacturing industry has really struggled in recent years as economic pressures have pushed many into financial disaster. After controversial buyouts and subsequent bankruptcy filings of other companies in the past, the industry has left a bitter taste in the mouths of many. In an effort to resolve insolvency, Suntech Power has filed  … Read more

This week in bankruptcy news: Chinese solar panel manufacturer, SunTech, files a petition of insolvency, while Alex Rodriguez’s cousin is in trouble with the bankruptcy court for selling the championship ring at an auction. Read the full stories below: Chinese Solar Panel Maker Falters as Prices Plunge Bankruptcy court trustee claims dibs on Yankees 2009  … Read more

In 2011, AMR’s stock was trading for less than $1. Now in March 2013, stock value is hovering around $3.88. While bankruptcy has a negative connotation in the minds of many Americans, AMR’s Chapter 11 bankruptcy filing has proven to be a good thing for investors. With the freedom to reorganize and merge with US  … Read more

On Monday March 4, 2013, the popular North Texas-based Snuffer’s Restaurants Inc. announced that it had filed for Chapter 11 bankruptcy protection. In a public statement, an attorney said that the debt brought on by the national recession is what led to the Dallas bankruptcy. Snuffer’s, a local family-owned chain, operates throughout the Dallas-Fort Worth  … Read more

This week in bankruptcy news:The Hualapai Tribe lost a court battle against Las Vegas developer David Jin, who was hired to build and manage the Arizona tourist attraction in 2003, putting the managing company into bankruptcy. Treasure Hunter Tommy Thompson’s company, Columbus Exploration LLC, is being forced into bankruptcy in attempt to collect funds that  … Read more

Energy Future Holdings (EFH) electrified headlines this week as rumors grew that the company might file for a Dallas bankruptcy. In its annual report filed with the Securities and Exchange Commission, EFH warned about their financial restrictions and limited flexibility, and that any unexpected breach could result in a default of their debt agreements. Energy  … Read more