In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are al…
The Great Atlantic & Pacific Tea Co. (GAP), once the largest grocer in the United States, filed for Chapter 11 bankruptcy protection.
The company filed for protection in White Plains, N.Y., listing total debts of more than $3.2 billion and assets…
Just a few days after the auction of some of Ponzi scheme king Bernie Madoff’s prized possessions, it looks like the building that housed his opulent offices may be heading to the auction block as well.
The owners of Manhattan’s landmark Lipstick Buil…
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
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Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
Continue reading MGM Files for Chapter 11 Bankruptcy
MGM Files for Chapter 11 Bankruptcy o…