A state judge asked for the withdrawal of Detroit's Chapter 9 bankruptcy protection appeal. The city of Detroit's request for Chapter 9 bankruptcy protection was asked by a judge in Michigan to be withdrawn.
Tags: Bankruptcy
Eastman Kodak emerges from bankruptcy and starts afresh
Eastman Kodak was cleared by bankruptcy court to begin the company's restructuring. Eastman Kodak Co. emerged from bankruptcy court Tuesday after a judge cleared the company to begin a new chapter.
Best Reisen Ltd hits big losses due to Egypt troubles
The leading Hungarian tour company, Best Reisen Ltd announced bankruptcy after big losses on its Egypt and Tunisia tour packages.
Ally's ResCap can still be sued even though bankrupt
Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.
Powerball winners high chance of becoming losers
The latest winner of the Powerball jackpot face great financial issues in the future. One of the largest prizes for a Powerball lottery was won by a group of New Jersey employees.
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Amidst the fall of their city, Detroit's sports teams have a positive outlook. Despite the city of Detroit's filing for bankruptcy, the Detroit Red Wings are looking optimistic.
Citigroup Global Markets was picked by bankrupt Jefferson County to handle its bond refinancing. Lawmakers from the bankrupt Jefferson County, Alabama, picked Citigroup Global Markets, part of Citigroup Inc.
Detroit's filing for bankruptcy may be traced to mismanagement and low tax revenue, according to analysts.
Detroit City's officials announced today that the city filed for bankruptcy. The city of Detroit filed for bankruptcy today, making history as the largest city in the United States to ever perform such course.
Eastman Kodak Co. said on Tuesday that it will seek court approval to sell its rights priced at US$406 million.
Lio Energy Systems Holdings and Miles Electric Vehicle filed for Bankruptcy last May 1. Sales have been slow for the electric automobile company. The same mishap has been experienced even by industry leaders GM, Ford, Nissan, and Honda Motor Co, when despite their heavy investments still experienced slow sales from electric vehicles.
Lehman may sell off US$14 billion in unsecured claims to raise funds to pay off debts and other claims.
Coda Holdings sought bankruptcy protection in Wilmington, DE, with the Coda Electric Car manufacturing unit as among the assets to be sold off.
Iconic Hostess Brands to return to the market after bankruptcy issues were resolved. Hostess Brands LLC disclosed plans to reopen its bakery in Kansas by summer.
