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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: 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: Movies, Nikon Corp, DVDs, Gary Busey, 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 23, 2013 |Story| Los Angeles Times
  7. 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, Government, Public Employees, Wendy Greuel, Elections

  8. May 22, 2013 |Story| Reuters
  9. Fisker fields $20 million offer from Bob Lutz, Wanxiang: sources

    Reuters
    DETROIT/TOKYO (Reuters) - A team including former General Motors Co executive Bob Lutz and China's largest parts maker is looking to buy Fisker Automotive for $20 million, a fraction of the "green" car company's estimated worth almost a year and a half...

    Tags: U.S. Department of Energy, Automotive Equipment, Fuel-efficient Vehicles, Hybrid Vehicles, Financially Distressed Companies

  10. May 22, 2013 |Story| Reuters
  11. 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: Prosecution, Crime, Law and Justice, Automotive Equipment, Justice System, General Motors Corp.

  12. May 22, 2013 |Story| Reuters
  13. 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: Prosecution, Crime, Law and Justice, Automotive Equipment, Justice System, General Motors Corp.

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

    Reuters
    * About 17.7 million cards outstanding when chain closed * Tens of millions of dollars of potential claims rejected By Jonathan Stempel May 22 (Reuters) - Borders owes nothing to holders of roughly $210.5 million of gift cards that had not been used by...

    Tags: Crime, Law and Justice, Justice System, Financially Distressed Companies, Barnes & Noble, Inc., Borders Group Incorporated (MI)

  16. May 22, 2013 |Story| Reuters
  17. Electric carmaker Tesla pays off U.S. loan

    DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering. The automaker said on Wednesday that it wired...

    Tags: Tesla Motors, Inc., U.S. Department of Energy, Automotive Equipment, Solyndra LLC, Fuel-efficient Vehicles

  18. May 22, 2013 |Story| Reuters
  19. 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, CME Group Inc., MF Global

  20. May 22, 2013 |Story| Los Angeles Times
  21. Bell is on the brink of a fiscal crisis, audit says

    Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows.
    Bell's finances have worsened considerably since its infamous corruption scandal, leaving the city unable to refund millions of dollars in taxes illegally levied on residents and businesses, an audit released Wednesday shows. The report by the state...

    Tags: Crime, Law and Justice, Finance, Justice System, Trials, City of Bell Public Corruption Scandal

  22. May 22, 2013 |Story| Petoskey News
  23. 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: Automotive Equipment, Nissan, Chrysler Group LLC, SUVs and Crossovers, Chevrolet

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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!"