The state’s oldest junior college has been attempting debt resolution in Texas bankruptcy court since August. Lon Morris Junior College filed for bankruptcy a few months ago, in efforts to preserve the 158 year old educational institution. However, a recent move towards restructuring could cause some trouble with charitable donators. Making Waves With an outstanding  … Read more

American Airlines isn’t the only airline still in bankruptcy court negotiating over labor contracts. Memphis based airlines, Pinnacle Airlines, has been under Chapter 11 protection since early April. After months of negotiations, good news came late last week that the current pilot labor contracts could be safe from cuts for a little while longer. Resisting  … Read more

Many stories have circulated this week about the finalization of the Hostess bankruptcy case and many others, in order to keep you up to date here is this week’s headlines in bankruptcy news: College’s Bankruptcy Lawyers Target Endowment Money The Daily Docket: Union Wants Hostess to Relinquish Control of Bankruptcy The Daily Docket: AMR Looks  … Read more

The bankruptcy process is one that can help resolve debts and protect homes from foreclosure from the average citizen to the rich. While you may think that many Hollywood stars are living the life of luxury, the truth is that even the famous have their share of debt troubles. Debt Detectives Gary Dourdan, starred for  … Read more

Hostess company executives have been working diligently in the Chapter 11 bankruptcy process to restructure and move forward from an overwhelming debt burden. Having placed considerable financial blame on union obligations, Hostess presented a final contract offer to employees back in August that was hoped to lower operating costs. Since then, labor strikes have ensued  … Read more

The nation’s oldest film and photography company has been working to resolve debt liabilities in Chapter 11 for nearly a year now. After several ups and downs, their bankruptcy case has reached a conclusion. End Of An Era For the better part of a year, Kodak has been working to resolve its financial troubles in  … Read more

If you were watching the high dollar advertisements that aired during this year’s  Super Bowl game, you may have seen a popular ad for Suzuki’s new sport sedan featuring a car full of Huskies. This beloved ad was a last ditch effort on the part of Suzuki’s attempt to keep its American market for cars  … Read more

On October 29th, 2012 Hurricane Sandy paralyzed travel and caused thousands of airline flights to and from the east coast of the United States to be delayed or grounded. This could create an economic hit to airlines serving major airports from Washington, D.C., to Massachusetts. Feeling The Impact American Airlines and its commuter line American  … Read more

Celebrities often have to take the hard road when it comes to being under public scrutiny for their actions. After R&B singer Toni Braxton filed for bankruptcy protection earlier this year, she is now being cast in ill light over allegations of bankruptcy fraud. Learning The Hard Way After suffering financial trouble for years, Toni  … Read more

San Bernardino, California is the second-largest U.S. city to enter Chapter 9 bankruptcy in history. While the suburban city has faced financial crisis for quite some time, further troubles are rising as an employees union speaks out against their debt restructuring efforts. Objection! San Bernardino’s debt restructuring plan could soon be dismissed if the city  … Read more