This week in bankruptcy news: after nearly two years in Chapter 11 a judge is expected to reach a final decision regarding the American Airlines merger. In the technology field, hard drive maker OCZ gets an offer from Toshiba to relieve its financial trouble. Read the full stories below: Judge to rule Wednesday on American-US  … Read more

This week in bankruptcy news: Singer Aaron Carter sheds debt while trying to keep his place in the entertainment industry from falling and the historic Jefferson County, Alabama  Chapter 9 case wraps up its final days. Read the full stories below: Bankruptcy filing ‘very positive’ for Aaron Carter, publicist says Judge says Jefferson County can  … Read more

Detroit’s Chapter 9 bankruptcy eligibility hearing is scheduled to hear its last arguments this Friday. After the bankruptcy judge in charge of the case hears the closing arguments, he will deliberate as to whether Detroit is in fact acting within its rights and in good faith in declaring Chapter 9 bankruptcy. If he decides the  … Read more

This week in bankruptcy news: Another California city works to avoid bankruptcy, while Detroit faces big decisions in the resolution of its finances under risk of Chapter 9 bankruptcy. Read the full stories below: California’s Desert Hot Springs Holds Short of Bankruptcy Detroit’s decision to fend off bankruptcy: pay pensions or banks?

This week in bankruptcy news: Detroit’s Governor supports the city’s Chapter 9 filing, leaving some with critical comments and accusations of dodging pension liability. Read the full story below: Mich. gov calls bankruptcy right decision for Detroit

A Texas bankruptcy court has ruled that an individual acted improperly in attempting to file for personal Chapter 11 protection recently. According to the ruling, the individual attempted to use Chapter 11 protection to avoid posting bond in another legal matter that was scheduled for the courts. The Texas bankruptcy court has found that the  … Read more

The New York City Opera has recently filed for Chapter 11 bankruptcy protection, according to a bankruptcy attorney affiliated with the case. The opera company had made a last-ditch effort to keep the doors open with a fundraiser, but the donations fell well short of the amount needed to keep the opera running. The New  … Read more

This week in bankruptcy news: Clothing retailer JC Penny takes a hit to stock values after rumors of an impending bankruptcy spread through news outlets while Texas energy giant, Energy Future Holdings Corp, battles creditors in debt negotiations. Read the full stories below: JCPenney stock falls over false bankruptcy rumor Creditors firm stance in bankruptcy  … Read more

This week in bankruptcy news: a battle over Texas sports broadcasting rights emerges as Comcast forces Astros affiliate,Houston Regional Sports Network, into Chapter 11 bankruptcy. The city of Detroit continue racking up more bills in their search for debt relief. Read the full stories below: Comcast opts not to get in war of words with  … Read more

A Chicago-based scrap metal recycling company has recently filed for Chapter 11 protection. As a result of the filing, the company will be selling a large portion of its assets to a rival scrap recycling firm, clearing out its $28 million in unsecured debts and reorganizing as a much smaller outfit. The firm had hoped  … Read more