-
- Feb 13 (Reuters) - Aleris International Inc [TXPACA.UL], the bankrupt producer of aluminum rolled products, said on Friday it received court approval to access $150 million of its debtor-in-possession financing, and to pay employees and vendors. The...
-
- Feb. 13 (Bloomberg) -- Sirius XM Radio Inc., facing repayment on $175 million in bonds next week, said it may be forced to file for bankruptcy as early as Feb. 17 if it cant reach an agreement to refinance debt. Sirius XM said today in a statement i...
-
- The peanut processing company at the heart of a national salmonella outbreak is going out of business. The Lynchburg, Va.-based Peanut Corp. of America filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court in Virginia Friday, the latest bad news fo...
-
- Peanut Corporation of America, the company at the center of the nationwide salmonella scare, has filed for Chapter 7 bankruptcy protection and will begin liquidating its assets as legal claims pile up against it. Given that PCA is under criminal inv...
-
- Microsoft co-founder Paul Allen will see his majority stake in struggling cable operator Charter Communications Inc. wiped out in a pre-arranged bankruptcy, but a deal with his debt holders will give him a 35% voting control in the newly reorganized...
-
- BUFFALO - While bankruptcy statistics nationwide continue a dramatic surge Western New York filings are on a much slower climb. As of the 12 month period ending Sept. 30, filings nationwide had increased 30 percent and topped the one million milesto...
-
- Trucking giant YRC Worldwide Inc. (YRCW) weighed in on the steep slump in freight volumes Friday, with Chief Executive Bill Zollars voicing some optimism that the industry-wide trend at least may be bottoming. The percentage declines year-over-year...
-
- Editor's note: The names of the people featured in this article who are considering bankruptcy have been changed to protect their privacy. By Rudi Keller Southeast Missourian Bankruptcy is a debtor's last resort for relief from the stress of dealing...
-
- Jan. 30 (Bloomberg) -- Contech LLC, an auto-parts supplier with nine U.S. plants, sought bankruptcy court protection from creditors less than two years after being acquired by investment firm Marathon Asset Management LLC. The Portage, Michigan-base...
-
- Dear Liz: I'm in mega credit card debt. I'm 50, single and make more than $130,000 a year. But I owe more than that, excluding my mortgage. I've been living beyond my means for the past few years; there's no one else to blame and no catastrophe that...