News and Updates

Chrysler Emerges After Filing For Bankruptcy

Back in 2009, the automaker Chrysler introduced the bankruptcy filing to reorganize and continue on making cars. CEO Sergio Marchionne stated that Chrysler’s rise from the ashes after its 2009 bankruptcy has happened much faster than expected. This last year … Continue reading

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AES Filing For Bankruptcy Shouldn’t Hurt Corporate Earnings

AES Eastern Energy, a subsidiary of AES Corporation, announced last week it was filing for bankruptcy. Many were wondering if the bankruptcy filing would hurt the expected earnings for the parent corporation. Today, AES Corp. announced that the bankruptcy filing … Continue reading

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Energy Company AES Is Filing For Bankruptcy

The severely in debt electric power producing company, AES Eastern Energy LP announced it was filing for bankruptcy under Chapter 11 and planning to sell two coal fired power plants that reside in upstate New York. The company is based … Continue reading

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Court Rules In Favor Of Fox Sports In Dodgers Bankruptcy Filing

Last Friday, US Bankruptcy Judge, Leonard Stark agreed with Fox Sports position and dealt a blow to the Los Angeles Dodgers plans to sell television rights to all future games. Although this is not written in stone, the Dodgers must … Continue reading

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American Cities Filing Bankruptcy Because Of Insolvency

Three years ago, the city of Vallejo, California, was forced into filing bankruptcy due to what former city finance chief Rob Stout said was a rebellion by residents refusing to pay more taxes because they believed that police and fire … Continue reading

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Money Is Still Missing In The MF Global Bankruptcy Filing

As the MF Global bankruptcy filing saga continues, Terrence Duffy, the executive chairman for the CME group told the Senate that Jon Corzine knew about one transfer of $175 million from the customer accounts. Previously, Corzine had testified to the … Continue reading

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American Airlines Stock Posted Gains After Filing Bankruptcy

Eerily similar to Enron stock back in December 2001, AMR stock rose for five straight days after plunging 84% after filing bankruptcy on November 29. On Tuesday the stock for AMR showed its largest gain after rising 67% to close … Continue reading

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TLC Member T- Boz Is Filing Bankruptcy Again

The four-time Grammy winner and singer of the group TLC announced she is filing bankruptcy again. Yesterday it was announced that Tionne T- Boz Watkins filed Chapter 13 bankruptcy in a plan to repay all her debts which total $768,642. … Continue reading

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PMI Group Filing Bankruptcy After Arizona Regulators Took Over Operations

On November 24, PMI Group Incorporated entered into bankruptcy filing after the mortgage insurer lost in the court case to undo the takeover by the Arizona regulators. The mortgage and insurance company that is based in Walnut Creek, California, listed … Continue reading

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MF Global Customers Out $1.2 Billion From Bankruptcy

The highly publicized bankruptcy of MF Global has taken a new twist when the bankruptcy court announced they will not allow a committee to represent the customers who are missing more than $1.2 billion from their accounts. After the bankruptcy … Continue reading

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