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A collection of news and information related to Bankruptcy published by this site and its partners.

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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: Entertainment, Internal Revenue Service

  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: Nikon Corp, Movies, Science and Technology, DVDs, Gary Busey

  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 25, 2013 |Story| AP Michigan
  7. Latest Michigan news, sports, business and entertainment

    NCAA-MICHIGAN-EXPLOSIVES 2 Mich. men charged with making Molotov cocktails (Information in the following story is from: AnnArbor.com, http://www.annarbor.com) ANN ARBOR, Mich. (AP) — Authorities say two University of Michigan wrestlers...

    Tags: Advertising, Credit and Debt, Economy, Business and Finance, Court Preliminary, Radio Industry

  8. May 24, 2013 |Story| Reuters
  9. Justice Department opposes AMR's $20 million severance for CEO Horton

    Reuters
    (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from the U.S. Department of Justice over nearly $20 million in severance pay earmarked for outgoing boss Tom Horton. In court papers...

    Tags: Trials, U.S. Airways, AMR Corp., Air Transportation Industry, Restructuring and Recapitalization

  10. May 24, 2013 |Story| Los Angeles Times
  11. LAPD reviews Charles Manson follower's tapes for new clues

    After a lengthy battle, Los Angeles Police Department detectives and prosecutors have decades-old audiotapes that could shed new light on other cases potentially connected to the Charles Manson killing rampage.
    After a lengthy battle, Los Angeles Police Department detectives and prosecutors have decades-old audiotapes that could shed new light on other cases potentially connected to the Charles Manson killing rampage. LAPD Cmdr. Andrew Smith said the...

    Tags: Crime, Law and Justice, Prosecution, Los Angeles Police Department, Charles Manson, Justice System

  12. May 24, 2013 |Story| AP Michigan
  13. Here is the latest Michigan news from The Associated Press

    SAGINAW, Mich. (AP) — Police say a 17-year-old girl is dead and three women injured after a shooting at a party before a high school prom in Saginaw. The shooting happened yesterday evening in a Florence Event Hall parking lot. Authorities say there...
  14. May 24, 2013 |Story| Reuters
  15. Henrik Fisker joins Hong Kong tycoon to salvage Fisker -sources

    Reuters
    * One of two competing offers in play * Fisker cofounder teams up with investors trying to buy U.S. loan * Group may offer between $25 mln and $30 mln for loan * Sources caution figures are changing, on the rise * DOE considering ramifications of...

    Tags: Passenger Cars, Finance, Hong Kong, Hybrid Vehicles, General Motors Corp.

  16. May 24, 2013 |Story| Reuters
  17. Henrik Fisker joins Hong Kong tycoon to salvage Fisker: sources

    Reuters
    DETROIT/BEIJING (Reuters) - Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said...

    Tags: Passenger Cars, Finance, Hong Kong, Hybrid Vehicles, General Motors Corp.

  18. May 24, 2013 |Story| Orlando Sentinel
  19. Battling a Motion to Strip or Motion to Value in Bankruptcy Court

    Blog Sponsored by Taylor & Carls, P.A. The association has finally obtained its foreclosure judgment for nonpayment of assessments.  A sale date has been set.  Then, the owner files bankruptcy.  What does the association then do?  Historically, and...

    Tags: Tampa, Mortgages, Orlando, Financial and Business Services, Financially Distressed Companies

  20. May 24, 2013 |Story| AP Michigan
  21. Detroit Institute of Arts says city can't sell museum's artwork to cover long-term debt

    DETROIT (AP) — The Detroit Institute of Arts says the city can't sell its collection to cover long-term debt. The art museum released a statement Friday after word surfaced that officials are pondering whether the DIA's artwork could be sold to...

    Tags: Loans, Politics, Arts, The Detroit News, Museums

  22. May 24, 2013 |Story| Reuters
  23. U.S. Justice Dept opposes AMR's $20 mln severance for CEO Horton

    Reuters
    * Says severance payment violates bankruptcy law * Horton's proposed severance has been controversial By Nick Brown May 24 (Reuters) - A plan by American Airlines' parent to exit bankruptcy and merge with US Airways Group is coming under fire from...

    Tags: Trials, U.S. Airways, AMR Corp., Air Transportation Industry, Restructuring and Recapitalization

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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...
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Phoenix, "Bankrupt!"