This Friday, a judge is set to hear the next step in the city of Detroit’s Chapter 9 bankruptcy proceedings. If all goes according to the city’s plan, their filing for bankruptcy will be approved, and the city’s...
This week in bankruptcy news: a Canadian railroad company files for bankruptcy protection after liability obligations resulting from a tragic crash forced the company into insolvency. Meanwhile, Detroit’s bankruptcy...
AMR Corp., the Fort Worth-based air carrier and the parent company of American Airlines, filed for Chapter 11 business bankruptcy in November 2011. Since then the company has posted some of its best fiscal quarters, including...
Mitzi Osborne, the widow of Jennings Osborne, a renowned Little Rock businessman, has filed for a Chapter 7 bankruptcy. According to the bankruptcy petition, Ms. Osborne owes $1.2 million and has approximately $1.5 million in...
This week in bankruptcy news: A video game production company finally sees an end to their 8 month bankruptcy case as a judge approves asset liquidation to resolve debt obligations to creditors. Meanwhile, the Phoenix-area...
