News and Updates

MF Global Holdings Filing For Bankruptcy

MF Global, the holding company for the broker- dealer that is run by ex-Goldman Sachs, co-chairman John Corzine is filing for bankruptcy in an attempt to restructure after making failed investments on European sovereign debt. MF Global Inc., the broker-dealer … Continue reading

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Lehman Brothers Ready To Exit Bankruptcy

The Chapter 11 bankruptcy of Lehman Brothers might be over soon. Lehman Brothers proposed a reorganization plan that has the support of creditors who hold more than $160 billion in claims. According to a recent bankruptcy court filing, the company … Continue reading

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Fears Of A Greece Bankruptcy Continue

Today, the Austrian Finance Minister, Maria Fekter stated that if Greece ends up filing bankruptcy it would set off a domino effect across the world in the financial sectors. Many feel that it would be worse than the bankruptcy filing … Continue reading

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Possible Bankruptcy For Companies Because Of Tough Economy

Three years ago the Lehman Brothers bankruptcy filing set off a ripple effect that ended up being a tsunami of other banks to file for bankruptcy. Along with many banks filing bankruptcy there was a slew of corporate failures also. … Continue reading

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The Number Of Those Filing Bankruptcy Has Dropped, But Why?

It was reported today that the number of those filing bankruptcy in the U.S. Bankruptcy Court of Ohio were 14% lower than the number of those filing in the first eight months of 2010. It was also reported that nationally … Continue reading

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Greece In Danger Of Filing Bankruptcy

With rumors swirling around Europe, many people are wondering if Greece will be filing bankruptcy. It’s no joke, they are broke. German Chancellor Angela Merkel and French President Nicolas Sarkozy are currently discussing the country’s future in regards to the … Continue reading

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Many Fear American Airlines Will End Up In Bankruptcy

American Airlines stock today dropped 33% on concerns that the ailing company might be filing for bankruptcy. This once giant corporation was reported to be worth $13.6 billion back in 2007 is now only worth close to $660 million. This … Continue reading

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Kodak Stock Goes Up After News Of Bankruptcy Denial

Rumors were swirling as many were speculating that Kodak would be filing for bankruptcy last week. When the rumor of a bankruptcy filing hit its peak last Friday, stock shares fell sharply on the report that Kodak hired a bankruptcy … Continue reading

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163 Year Old Hussey Copper Ltd. Announced It Is Filing Bankruptcy

Today, it was announced that 163-year-old Hussey Copper Ltd. is filing for bankruptcy protection under Chapter 11. The bankruptcy attorney for Hussey Copper Ltd. filed bankruptcy in the U.S. Bankruptcy Court in Delaware. This is where the company was incorporated. … Continue reading

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The Bankruptcy Filing Of Solyndra Continues To Be Top News With An Auction Planned

The bankruptcy attorney for the solar panel maker Solyndra is planning on asking the bankruptcy court on Tuesday for permission to hire additional attorneys, needed for an ongoing federal investigation against the company, by auctioning off some of its assets. … Continue reading

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