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    May 22, 2013 |Story| WSBT Radio
  1. Sinbad Bankrupt And Owes $8 Million To The IRS

    By Terri SchwartzZap2it 7:32 p.m. EDT, May 20, 2013 Not only has Sinbad gone bankrupt, but he's also facing a whole lot of debt. The comedian filed for Chapter 13 in April and claims he owes $8.3 million to the IRS for taxes from 1998 to 2006. He also...

    Tags: Internal Revenue Service, Entertainment

  2. Feb 16, 2012 |Story| WSBT Radio
  3. Gary Busey. Broke?

    <strong>Gary Busey</strong> has virtually no money left from his once-thriving Hollywood career -- but he has amassed an impressive collection of worthless junk ... including a bounty of cassette tapes and broken instruments ... this according to new docs obtained by TMZ.
    Gary Busey has virtually no money left from his once-thriving Hollywood career -- but he has amassed an impressive collection of worthless junk ... including a bounty of cassette tapes and broken instruments ... this according to new docs obtained by TMZ....

    Tags: Science and Technology, DVDs, Movies, Nikon Corp, Entertainment

  4. Feb 8, 2012 |Story| WSBT Radio
  5. Gary Busey Files for Bankruptsy

    Gary Busey -- who's starred in more than 70 movies -- has less than $50,000 to his name ... and more than $500,000 in various debts ... this according to official documents obtained by TMZ. 67-year-old Busey filed for Chapter 7 bankruptcy in California yesterday.
    Gary Busey -- who's starred in more than 70 movies -- has less than $50,000 to his name ... and more than $500,000 in various debts ... this according to official documents obtained by TMZ. 67-year-old Busey filed for Chapter 7 bankruptcy in California...

    Tags: Wells Fargo & Co.

  6. May 22, 2013 |Story| Reuters
  7. Borders gift card holders deserve nothing, judge rules

    Reuters
     Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by the time the bookstore chain shut down, a Manhattan federal judge ruled on Wednesday. U.S. District Judge Andrew Carter said it would be unfair to other...

    Tags: Borders Group Incorporated (MI), Manhattan (New York City), Trials, Financially Distressed Companies, Justice System

  8. May 22, 2013 |Story| Reuters
  9. CME vows not to sway membership prices after MF Global sales

    Reuters
    By Tom Polansek CHICAGO, May 22 (Reuters) - CME Group Inc will never influence the price of its memberships, Executive Chairman Terry Duffy said on Wednesday after seats formerly owned by bankrupt broker MF Global Holdings Ltd were sold cheaply....

    Tags: Financially Distressed Companies, MF Global, CME Group Inc.

  10. May 23, 2013 |Story| Los Angeles Times
  11. Garcetti's advantage

    As Mayor-elect Eric Garcetti assembles his new administration, it is interesting, and encouraging, to note the odd confluence of circumstances that will leave him beholden less to factions or special interests and more to the people of Los Angeles.
    As Mayor-elect Eric Garcetti assembles his new administration, it is interesting, and encouraging, to note the odd confluence of circumstances that will leave him beholden less to factions or special interests and more to the people of Los Angeles....

    Tags: Politics, Elections, Local Elections, Government, Wendy Greuel

  12. May 22, 2013 |Story| Petoskey News
  13. US auto factories cutting back on summer downtime

    DETROIT (AP) &mdash; The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.
    DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks. Ford Motor Co. said Wednesday that 21 of its...

    Tags: Chevrolet, Automotive Equipment, Nissan, Jeep, Toyota

  14. May 22, 2013 |Story| Reuters
  15. Sweden to summon former Saab chairman in tax inquiry -report

    Reuters
    STOCKHOLM, May 22 (Reuters) - A Swedish prosecutor wants to question Victor Muller, former chairman of bankrupt carmaker Saab, for an inquiry into suspected tax offences, a Swedish newspaper reported on Wednesday. Swedish prosecutors on Tuesday...

    Tags: Sweden, Prosecution, Automotive Equipment, General Motors Corp., Manufacturing and Engineering

  16. May 22, 2013 |Story| Reuters
  17. Lehman Brothers Holding raises $1.88 bln selling broker claims

    Reuters
    May 22 (Reuters) - Lehman Brothers Holding Inc, the former investment bank that is working to repay creditors, said on Wednesday it had raised $1.88 billion by selling claims it held against its former brokerage. The holding company said in a statement...

    Tags: Lehman Brothers Holdings Inc., Investment Service, Business Enterprises, Companies and Corporations, Investments

  18. May 22, 2013 |Story| Reuters
  19. Sweden to summon former Saab chairman in tax inquiry: report

    Reuters
    STOCKHOLM (Reuters) - A Swedish prosecutor wants to question Victor Muller, former chairman of bankrupt carmaker Saab, for an inquiry into suspected tax offences, a Swedish newspaper reported on Wednesday. Swedish prosecutors on Tuesday questioned Saab's...

    Tags: Sweden, Prosecution, Automotive Equipment, Manufacturing and Engineering, General Motors Corp.

  20. May 22, 2013 |Story| AP Broadcast
  21. Jennifer Lopez to open cellphone stores aimed at Latinos, selling Verizon service

    AP Technology Writer
    NEW YORK (AP) — "Jenny from the Block" wants the block to buy Verizon phones from her. Singer and actress Jennifer Lopez says she's opening a chain of cellphone stores and a website under the Viva Movil brand. The aim is to sell Verizon phones...

    Tags: Jennifer Lopez, Marketing, Social Issues, Verizon Communications

  22. May 22, 2013 |Story| AP Broadcast
  23. Transportation nominee gets warm reception from senators, steers clear of controversy

    Associated Press
    WASHINGTON (AP) — President Barack Obama's nominee for transportation secretary — Charlotte Mayor Anthony Foxx — received a friendly reception from senators of both parties Wednesday laced with warnings that the nation needs to make a...

    Tags: Ray LaHood, White House, Politics, Republican Party, Anthony Foxx

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Bankruptcy Photos
An estimated 400 depositors line up outside the Des Pla...
(May 22, 2013)
Michael: [screaming into the office] "I DECLARE BANKRUP...
(May 12, 2013)
On how to declare bankruptcy
Phoenix, "Bankrupt!"
(April 23, 2013)
Phoenix, "Bankrupt!"