This week in bankruptcy news: Dish network backs out of their buyout bid for LightSquared, Detroit pension leaders fight for quick appeal in the decision that leaves pension payments out to dry, and the city of Phoenix sees a continued decline in the number of bankruptcy filings for the 5th straight year. Read the full  … Read more

This week in bankruptcy news: another airline flies into financial help under the bankruptcy code and a hybrid car manufacturer plays hardball with potentials over their bankruptcy buyout. Read the full stories below: Evergreen Air Files Bankruptcy After Push For Payment Fisker seeks rejection of Chinese suitor it blames for its bankruptcy

The December 3 ruling that the city of Detroit is eligible to file for chapter 9 bankruptcy is now being allowed an appeal by the same judge. That judge, Steven Rhodes, has decided it best for the bankruptcy process to continue with a hearing at the U.S. 6th Circuit Court of Appeals. Hurry Along Now  … Read more

This week in bankruptcy news: Textron acquires aircraft manufacturer Beechcraft after the company emerges from bankruptcy, while wireless communications company LightSquared tries to also make a successful exit from Chapter 11. Read the full stories below: After Emerging From Bankruptcy, Beechcraft to Be Acquired by Textron LightSquared Proposes New Financing as Way to Emerge From  … Read more

Founders of Mint.com and the highly popular mobile phone app Mint recently announced their debut with the Windows Phone. Previously only available on iPhones and Androids, this pocket-friendly money management service is expanding its reach. What is Mint? Despite its huge popularity in both the App Store and Google Play Store, many people still aren’t  … Read more

This week in bankruptcy news: A New York ski center slides towards a successful exit from bankruptcy while a local department store, Loehmann’s, starts its path into bankruptcy. Read the full stories below: Ski center slaloms toward bankruptcy finish line Local Loehmann’s to stay open despite bankruptcy

After getting into trouble with loans, OCZ Technology Group has announced that they have reached an agreement to transfer their assets to the Toshiba Corporation. This news came only five days after OCZ announced its plans to file for bankruptcy. The recent decision means Toshiba will acquire essentially all of OCZ’s assets under a chapter  … Read more

This week in bankruptcy news: Mortgage lender, Residential Capital, wins its fight against bondholder objections during the continuation of its Chapter 11 filing. Meanwhile, Detroit faces further criticism through its debt relief efforts in Chapter 9. Read the full stories below: U.S. judge approves ResCap’s plan to end its bankruptcy 3 essential (and ignored) questions  … Read more

An automobile manufacturer that had made waves with its promising electric sports car has declared Chapter 11 bankruptcy. The company had high hopes for its electric sports car, but the car failed all performance tests recently and has been a huge financial flop. The automobile company’s creditors include the U.S. Department of Energy, which stands  … Read more

This week in bankruptcy news: After eliminating near $1.4 billion in debt in Chapter 9, Alabama County is looking forward to an improved financial year; meanwhile, Detroit’s bankruptcy proceedings are heading down a path that could prove positive for bond holders. Read the full stories below: Biggest Bankruptcy Before Detroit, Alabama County Stages Comeback Detroit  … Read more