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A collection of news and information related to Bankruptcy published by this site and its partners.
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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
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Gary Busey. Broke?
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: Entertainment, Movies, Nikon Corp, Science and Technology, DVDs
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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...Tags: Wells Fargo & Co.
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Apple, Enron share a connection
As corporations go, Apple and the late and unlamented Enron would appear to be about as polar opposite as two companies can get. Apple manufactures innovative, useful, world-class electronics. Enron produced obtuse numbers in nonsensical accounts that it...
Tags: U.S. Congress, The New York Times, Economy, Business and Finance, Tim Cook, Politics
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Problem Solver: Warranty company folds, leaves customer in cold
When he bought new furniture five years ago at The Room Place, Henry Huang didn't intend to buy an extended warranty. Then the saleswoman made her pitch. "We kind of had a little bit of a personal bond," Huang said. "She said, 'This is the best way to...
Tags: Economy, Business and Finance, Companies and Corporations, Jon Yates, Human Interest
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Bankruptcies: May 26
Here are bankruptcy filings in U.S. Bankruptcy Court, District of South Dakota, for May 16-22. Individuals can file Chapter 7 petitions (asking that debts be liquidated); Chapter 12 (a simplified reorganization method for farmers and ranchers whose...Tags: Financially Distressed Companies
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AP Sources: NHL approves Coyotes sale to Canadian-led group, contingent on lease with Glendale
AP Sports WriterPHOENIX (AP) — The NHL has approved the sale of the Phoenix Coyotes to a group of Canadian-led investors, but the deal is contingent on reaching a lease agreement with the city of Glendale, two people familiar with the situation told The...Tags: National Hockey League, Western Conference (NHL), Sports, Ice Hockey, Gary Bettman
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Company that planned Sorrento solar farm will be liquidated
A federal judge has appointed a receiver to take over management and begin liquidation of the troubled solar company BlueChip Energy, which had plans to install a massive solar farm in Sorrento. U.S. District Judge John Antoon II appointed a receiver as...
Tags: Finance, Farms, Economy, Business and Finance, Judges, Financial and Business Services
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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: Blackmail and Extortion, Unions, Students, Elections, U.S. Department of Education
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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. LAPD Cmdr. Andrew Smith said the...
Tags: Los Angeles Police Department, Theft, Prosecution, Judges, Charles Manson
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During Art Nouveau period, lamps featured sensuous, curvy women
Electric lights were first marketed to the public about 1880. It is said that Louis Comfort Tiffany's famous lily lamp with glass shades for light bulbs was the first lamp with a shade that projected light down, not up, like a candle flame. Other lamps of...Tags: Belgium, Toy Industry, New York City, Economy, Business and Finance, China
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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: Mergers, Acquisitions and Takeovers, AMR Corp., Justice System, Financially Distressed Companies, Trials
May 22, 2013
|Story| WSBT Radio
Feb 16, 2012
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Feb 8, 2012
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May 26, 2013
|Story| Herald Mail
May 26, 2013
|Column| Chicago Tribune
May 25, 2013
|Story| Aberdeen News
May 25, 2013
|Story| AP Broadcast
May 25, 2013
|Story| Orlando Sentinel
May 25, 2013
|Story| AP Michigan
May 24, 2013
|Story| Los Angeles Times
May 24, 2013
|Story| Aberdeen News
May 24, 2013
|Story| Reuters
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