New Mexico Attorney General Gary King has accused a Texas-based loan company, FastBucks, of trying to “weasel out” of paying $20 million of restitution to New Mexico residents by filing for bankruptcy. This would leave many in New Mexico high and dry when it comes to their loans and credit, not to mention abuse on  … Read more

This week in bankruptcy news: a leader in K-12 educational products, School Specialty Inc., files for Chapter 11 and receives $50 in financing from a private investment firm to pursue reorganization goals. Stockton, CA receives approval from the bankruptcy judge to make vital purchases for the city’s continued operations as part of their ongoing Chapter  … Read more

The US arm of the video game company that created massive gaming hits like “Pong” filed for Chapter 11 bankruptcy today, hoping that the move will help to split them from their French owners. Things like the company logo and other associated brands have been put up as viable assets so that the company can,  … Read more

This week in bankruptcy news: once a trendsetting video game producer, Atari, seeks Chapter 11 protection to shake its French owner and move forward with profitability in the U.S.  Kodak wins judge approval to finance the remaining portion of debt restructuring efforts, which should bring the opportunity to continue revised operations for the future. Read  … Read more

The chief of the Swedish bank Riksbank wants there to be harder rules for people to pay down their mortgages. This move is in response to what he calls the “eternal duration” it is taking Swedes to pay down their mortgages over time and is fueled by rising worries over household debt and bankruptcy in  … Read more

This week in bankruptcy news: Tribune drops more than 170 lawsuits in order to start fresh after their successful exit from Chapter 11 bankruptcy, just a few weeks ago. Nearly two years after American Blockbuster stores filed for bankruptcy, Blockbuster UK enters administration; a Britain equivalent to the Chapter 11 process. Tribune Co. to drop  … Read more

Wisconsin dairy Golden Guernsey has filed for bankruptcy this week under Chapter 7, leaving more than 100 people out of work quite suddenly. OpenGate Capital, which acquired the company in 2011, cited the lack of financial autonomy as the leading cause of the bankruptcy filing. How Chapter 7 Works The Golden Guernsey bankruptcy filing, as  … Read more

This week in bankruptcy news: Hostess assets peak the interest of several buyers and wireless provider, Light Squared, looks to pursue investment firm for a transaction they say is hurting their Chapter 11 bankruptcy filing. Read more below: The Daily Docket: Flowers, Bimbo in Talks to Buy Hostess Bread Business LightSquared Lenders Targeting Falcone, Not  … Read more

Fatburger is a popular casual dining chain around the U.S. However, nutritional challenges and the recession began putting pressure on the company’s profits since the early 2000s. After filing for Chapter 11 in 2009, the company has trimmed the financial fat and bounced back into profitability. How They Did It CEO Andy Wiederhorn purchased Fatburger  … Read more

The media giant, The Tribune Co., celebrated the end of 2012 with a successful exit from Chapter 11 bankruptcy. The publishing company had a long four year run that left them back in control and with high hopes for a bright financial future. Hot Off The Press The Tribune Co. is owner of two of  … Read more