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GM Fighting New Battle In Bankruptcy

General Motors filed for bankruptcy, which should make them exempt from actions prior to the filing. A new issue surrounding a malfunctioning part in 2009, however, may not be covered by the bankruptcy More About This Bankruptcy Option [...]

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Illinois Auto Insurance Companies Filing For Bankruptcy

Two extended auto warranty companies in St. Charles, Illinois recently filed for bankruptcy. They both filed for Chapter 11 bankruptcy protection. And they both claim to have somewhere between 50-99 creditors. Read More About This Bankruptcy Option [...]

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Retail Stores Bankrupt In Illinois

Coldwater Creek has announced its impending bankruptcy plans. It will close 18 retail stores in the state of Illinois alone. Across the country, 365 stores will be closed. Learn more from Kane County More About This Bankruptcy Option [...]

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Chicago Taking Steps To Avoid Bankruptcy

The City of Chicago is struggling under pension woes. The Illinois legislature is helping the city by increasing the cost of benefits for some government employees. This is being done to hopefully avoid More About This Bankruptcy Option [...]

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Detroit Bankruptcy Judge Seeks Mayor’s Support

Judge Steven Rhodes is overseeing Detroit's bankruptcy proceedings. He is seeking assurances from the mayor and other elected officials when it comes to the city's plan. This plan includes pension cuts More About This Bankruptcy Option [...]

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Expert Witnesses Vying For Position in Detroit Bankruptcy

The federal bankruptcy judge overseeing Detroit's bankruptcy is looking for an expert witness. There are five candidates he is considering. The expert witness will help the judge evaluate the city's bankruptcy More About This Bankruptcy Option [...]

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Bitcoin Bankruptcy Underway

Earlier this month the Tokyo District Court decided there was no hope of financial recovery for Mt. Gox. The bitcoin exchange will attempt to sell its assets. Investors, however, may not recover any of More About This Bankruptcy Option [...]

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Movie Star Files For Bankruptcy

Teri Polo starred in the Meet the Parents movies alongside Ben Stiller. She is now starring in a new comedy series called Meet the Fosters. Despite her acting success, however, Polo has filed for Chapter More About This Bankruptcy Option [...]

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GM Set To Battle In Bankruptcy Court

General Motors has hired a team of lawyers to fight their bankruptcy court battles. The hot issue at the moment is whether or not GM is responsible for actions that occurred before the 2009 bankruptcy More About This Bankruptcy Option [...]

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Chicago Developer To Exit Bankruptcy

The developer of the Chicago Spire has found a way out of its bankruptcy. Atlas Apartment Holdings LLC has agreed to finance $135 million toward its exit plan. Shelbourne North Water Street LP has been More About This Bankruptcy Option [...]