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Feds Showing Little Enthusiasm For Detroit Bailout

There seems little appetite from either Democrats or Republicans in Washington for a federal rescue of the birthplace of the automobile industry. Detroit now stands as the largest American city ever to file for bankruptcy protection.

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Skyline of Detroit, Michigan (Spencer Platt, Getty Images)
Skyline of Detroit, Michigan (Spencer Platt, Getty Images)
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Obama Monitoring Detroit After Bankruptcy Filing

The White House says it's standing by Detroit after it became the biggest city in America to file for bankruptcy.

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American Airlines Set to File Reorganization Plan

US Airways says American Airlines is about to spell out its plan for emerging from bankruptcy protection after the two companies merge.

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Indicted NJ Firm’s Bankruptcy Can Continue, Judge Rules

A federal judge says a major New Jersey engineering firm may move forward with its bankruptcy filing despite objections raised by state prosecutors.

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There’s More “Good News” Than “Bad” Regarding Revel’s Bankruptcy

There's been a lot of media coverage about Revel and their upcoming pre-packaged Chapter 11 Bankruptcy filing. Most of the coverage has been hyper negative.

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Category: News Tags: , ,
Guy Solimano, Getty Images
Guy Solimano, Getty Images
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Kodak Asks Court to End Retiree Medical Benefits

Eastman Kodak Co. is asking a bankruptcy court judge to allow it to end retiree medical and other benefits at the end of the year as part of its restructuring.

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Flick User Fried Dough
Flick User Fried Dough
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Study Finds Many Can’t Afford Bankruptcy Costs [AUDIO]

A new report finds bankruptcy filings are becoming less and less affordable for those who need them the most.

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Flickr user dboy
Flickr user dboy
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Report: Kodak May File For Bankruptcy

Shares of Eastman Kodak Co. tumbled to a new all-time low following a report that the ailing photography pioneer might be preparing to file for bankruptcy protection.

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Category: News Tags: ,

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