This week in bankruptcy news: The city of Detroit has six weeks to make big moves in the debt restructuring process if they are to avoid a Chapter 9 filing. Meanwhile, once popular game label, Atari, is seeking $22 million...
It’s official: the city of Detroit is broke. A recent report by the appointed emergency manager for the city details the financial struggles of the city. The report by bankruptcy attorney Kevyn Orr is the first he’s...
This week in bankruptcy news: A recent study suggests that cancer patients are twice as likely to seek bankruptcy protection due to insolvency from overwhelming medical debt than those without cancer. Meanwhile, more...
Ledgemont Capital Group LLC in New York has filed for a Chapter 7 bankruptcy to liquidate its assets. The case will be heard in a U.S. Bankruptcy Court in the District of Delaware. Ledgemont is best known for its joint...
This week in bankruptcy news: The country’s largest municipal bankruptcy case could be completed by as early as the end of this year. The high-profile Casey Anthony bankruptcy case is delayed yet again, this time tied...
