As the modern Greek financial drama unfolds before the world’s eyes, many Americans are viewing the economic situation with rather passive alarm.  What should be extraordinary and shocking receives little conversational attention in most circles.  Though the credit crisis in Greece has largely to do with government and major financial institutions, there are several lessons  … Read more

Hard copy books are becoming a thing of the past, especially with the advancement in technology for electronic readers. As a result, many book publishing companies have taken the hit to profitability. The publisher of popular children’s books and most classroom textbooks, Houghton Mifflin, filed for Chapter 11 bankruptcy this week. Reading Between The Lines  … Read more

A failed airplane manufacturer has requested that their bankruptcy case be delayed yet again. Commander Premier Aircraft owes more than $800,000 in unpaid hangar lease obligations and is asking for another continuance of the case for debt restructuring purposes. Trouble In The Air The Commander Premier Aircraft Corp. has been struggling to reorganize debts and  … Read more

While American Airlines parent company, AMR, has been presenting its case in bankruptcy court over the last few weeks, major investors have sat by quietly as the company works out potential options for the future. However, as talk of union contract rejections versus a US Airways merger swarm the table, AMR investors are beginning to  … Read more

After speculation of a possible bankruptcy swarmed the news desks last year, AMC theater group was able to stave off the filing and remain in operation. However, economic pressures have recently led the entertainment company towards a buyout option to resolve its financial issues. The buyout comes by way of a Chinese company, who is  … Read more

NASCAR driver Jeremy Mayfield has had a bit of trouble in his personal life in recent years. Financial concerns, allegations of drug abuse and divorce have plagued Mayfield, but the trouble doesn’t stop there. Mayfield’s former wife, Shana Mayfield, recently filed for Chapter 7 bankruptcy, leaving some of their creditors hanging in the balance for  … Read more

The American Airlines bankruptcy case has been anything but quiet. As controversial moves continue to spark outcries from both consumers and employees, many are anxiously awaiting the decision of the judge presiding over the case. Last week, American Airlines had their chance to plead their case in court and this week the employees and unions  … Read more

Famous for her IVF treatment and subsequent birth of eight babies, Nadya Suleman filed for bankruptcy earlier this month claiming financial insolvency. The mother to a total of 14 children has kept her in the spotlight for years, but has failed to effectively manager her money despite being paid millions for appearance deals in the  … Read more

Ally Financial Inc. has been struggling to keep its mortgage unit afloat for a while now.  After receiving a large government bailout just a few years ago, time is running out for repayment. As Ally Mortgage unit’s finances continue to dwindle, the company is seeking Chapter 11 bankruptcy in order to restructure and regain a  … Read more

This week marks an important week in the fate of the American Airlines bankruptcy case. After the executives spent time pleading their case in bankruptcy courts this week, employees are taking to the picket lines to speak out about their futures. Voicing Concerns American Airline employees will be picketing outside of the Dallas-Fort Worth headquarters  … Read more