Business Bankruptcies: 2011 Will Likely Follow 2010 Lower

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…

A&P Files for Chapter 11 Bankruptcy Protection

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…