Bankruptcy
Economic Issue
Bernanke Saved Your CompanyStop giving the Fed chairman such a hard time, he prevented more bankruptcies than we'll ever know. Complaints about the Federal Reserve come from every corner. Cable pundits worry about inflation and the falling dollar. Asian countries... In this article: The Fed, Inflation, Bankruptcy, Ben Bernanke, Barclays, HealthSouth, Advanced Micro Devices, Clearwire, and Jpmorgan Chase |
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thestar.com | 7 hours ago
Business bankruptcies jump in September
...is just the catch-up from weak domestic fundamentals." The export-oriented manufacturing sector saw a 71-per-cent increase in bankruptcies from August, but retail business insolvencies were up 69 per cent, and insolvencies in the...
In this article: Recession, Mark Carney, Bank of Canada, and Scotiabank
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Reuters | 8 hours ago
Canadian bankruptcies jump in September
...interest rates in driving bankruptcies," they said in an email note. Compared with a year earlier, total bankruptcies jumped 43.3 percent. Business bankruptcies were up 1.6 percent and consumer bankruptcies grew by 45.5 percent.
In this article: Recession
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Reuters | 17 hours ago
UPDATE 1-GSI Group files for bankruptcy
In this article: Semiconductor, Fiscal year, Secured loan, and Nasdaq
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AP Online | 1 day ago
General Growth says some malls may exit bankruptcy
...billion in loans secured by shopping centers. General Growth said Thursday it hopes it will be able to bring the malls out of bankruptcy before the year is out. The company and roughly 166 regional shopping centers and other...
In this article: General Growth, Los Angeles, and U.S.
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Reuters | 1 day ago
UPDATE 2-CIT Group bankruptcy plan wins wide support
...law from all classes of bondholders eligible to vote on its "prepackaged" Chapter 11 plan. CIT on Nov. 1 filed one of the five largest bankruptcies in U.S. history, hoping to reduce debt by $10 billion. Hundreds of thousands of small-...
In this article: CIT Group, New York, U.S., and U.S. Bankruptcy Court
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USATODAY.com | 1 day ago
More members of middle class file for bankruptcy
...Lincoln, 2, watch Curious George at her Costa Mesa, Calif., home. Schubert, who had career success and started her own business, filed for bankruptcy. By Christine Dugas, USA TODAY Staci Schubert's career has taken her from New York to...
In this article: Elizabeth Warren, California, USA Today, and Boise, Idaho
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washingtonpost.com | 2 days ago
Pa. swim club accused of bias files for bankruptcy
...swim club accused of discrimination last summer after revoking the memberships of mostly black and Hispanic children has filed for bankruptcy. The Chapter 7 filing by Valley Swim Club president John Duesler on Monday says the club's...
In this article: Philadelphia and Pennsylvania
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Reuters | 2 days ago
JAL shares slide; court-led bankruptcy not ruled out
By Nobuhiro Kubo Japan's transport minister declined to rule out a court-led bankruptcy for Japan Airlines <9205. T>, sending the struggling carrier's stock to a record low, even as U.S. carriers lined up with offers of investment. Delta...
In this article: American Airlines, Delta Air Lines, Oneworld, Japan Airlines, Revenue, and Josai International University
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Reuters | 2 days ago
UPDATE 3-JAL shares slide; court-led bankruptcy not ruled out
...Airlines Corp's <9205. T> stock slid to a new low on Wednesday after the nation's transport minister declined to rule out a court-led bankruptcy and despite a report that private equity firm TPG may invest as much as $1.1 billion. Japan's...
In this article: American Airlines, Japan Airlines Corp, Seiji Maehara, AMR Corp, Josai International University, and Oneworld
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washingtonpost.com | 4 days ago
CIT's bankruptcy raises new questions about bailout
...officials arranged a $2.3 billion emergency cash infusion into CIT Group, a troubled lender to small businesses. Today, CIT is in bankruptcy court, and the taxpayers' investment is on the brink of being wiped out. It would be the...
In this article: CIT Group, The Fed, Troubled Assets Relief Program, Treasury Department, On the merits, General Motors, and American International Group
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Description from Wikipedia:
Bankruptcy is a legally declared inability or impairment of ability of an individual or organization to pay its creditors. Creditors may file a bankruptcy petition against a debtor ("involuntary bankruptcy") in an effort to recoup a portion of what they are owed or initiate a restructuring. In the majority of cases, however, bankruptcy is initiated by the debtor (a "voluntary bankruptcy" that is filed by the insolvent individual or organization).
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