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Flat Broke! Dean Tells Tori It’s Time To File For Bankruptcy

Tori Spelling is being pressured to file for bankruptcy by her husband, Dean McDermott, has learned, after American Express filed a lawsuit against the former Beverly Hills 90210 star for failure to pay more than $38,000 in charges and a loan.

The pros and cons of a bankruptcy for CPS

Ed Bachrach, former CEO of the Bachrach mens apparel chain and now a pension activist joined Good Day to talk about the pros and cons of a bankruptcy for CPS.

Christensen to file bankruptcy, seek public defender

A Florence physician charged with 400 felonies told a judge Wednesday that he plans to file bankruptcy and will again seek a public defender. Dr. Chris Christensen appeared without counsel in Ravalli County Judge Jeffrey Langton’s court Wednesday during a brief status hearing. Christensen was arrested in August for allegedly providing hundreds of illegal prescriptions […]

The Coal Miner `On Everybody’s List’ as Next Bankruptcy Victim

Plummeting coal prices have pushed almost half the debt issued by US coal companies into default, and for miners and their investors there’s no end in sight. Patriot Coal Corp., Walter Energy Inc. and Alpha Natural Resources Inc. have all filed for bankruptcy in the past year. Now that Arch Coal Inc., the second largest […]

Bankruptcy judge changes his mind on Bloomberg order

In a hearing today, US Bankruptcy Judge Christopher S. Sontchi said he should have granted Bloombergs request to be heard on an expedited basis in objecting to his investigation of Bloomberg reporters sources. Bloomberg objected to the scope of the investigation of a possible violation of a confidentiality order in a bankruptcy case after the […]

Arctic Oil Shipper Primorsk International Files for Bankruptcy

Primorsk International Shipping Ltd., which operates a fleet of ice-class oil tankers in the Arctic, has filed for bankruptcy protection after reaching the terms of a debt-for-equity swap with bondholders. The oil shipper, registered in Cyprus, has been in talks with a group of Norwegian bondholders on the terms of a debt restructuring for more […]

Atlantic City takeover better than bankruptcy

Atlantic City takeover better than bankruptcy Dear Editor: The financial crisis facing Atlantic City is deep and growing. Property values have declined at an unprecedented rate, and the foreclosure rate is the highest in the nation. Four out of 12 casinos have closed, driving unemployment above Great Recession levels. The city owes its bondholders over […]

Bankruptcy Judge Orders Relativity Media To Pay Disputed Consulting Fees

Bemoaning the petty bickering from both sides, US Bankruptcy Court Judge Michael Wiles todayorderedRelativity Media topay 80% of the fees, and all of the expenses, owed to its former restructuring advisor FTI Consulting for its work through the end of September.

Treasury’s Lew Urges Congress to Grant Puerto Rico Bankruptcy

Treasury Secretary Jacob J. Lew said that Congress needs to act without delay to help Puerto Rico deal with a worsening fiscal crisis, as he visited the island for the first time to witness the impact on the local economy. “Only Congress can enact the legislative measures necessary for Puerto Rico to resolve this problem,” […]

Post-Bankruptcy, Colt Wants a Bigger Piece of Gun Sales

Colt filed for Chapter 11 protection in June, its second bankruptcy in 23 years, after suffering from the loss of military contracts and largely missing out on rapid growth in the commercial market. The company officially exited bankruptcy on Jan. 13, saying it had reduced its debt by $200 million and had more cash on […]

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