Bankruptcy Court

Revel Casino Hotel (Credit: (Spencer Platt/Getty Images)

Potential Buyer Straub Says He’s Still Negotiating For Revel Casino Sale

A Florida developer trying to buy the former Revel casino in Atlantic City said Tuesday that he was still negotiating with its owner to salvage the sale.


Hospital Bed (file / credit:

Interfaith Medical Center In Brooklyn Asks Court’s Permission To Close

Interfaith Medical Center in Brooklyn was set to begin shutting its doors this week, despite a public outcry.


Credit CBS 2

Ask Asa: Is Declaring Bankruptcy The Best Option?

A struggling economy and tough job market has forced many families to file for bankruptcy. Filing can be a difficult decision, and it doesn’t guarantee that you will be debt free.


Bernard Madoff - File / Photo: Chris Hondros/Getty Images

Feds: $625 Million Forfeited For Madoff Victims

Federal authorities said prominent Massachusetts businessman and philanthropist Carl Shapiro has agreed to forfeit the funds that will be distributed to investors who lost money in jailed financier Bernard Madoff’s fraud.


Bernie Madoff

Madoff Trustee Sues HSBC For $9B In NY Court

The lawsuit was filed in the U.S. Bankruptcy Court for the Southern District of New York.


Bernie Madoff

Trustee For Madoff Victims Files 40 Lawsuits In NY

Picard said his firm is seeking about $69 million in funds deposited by the company’s customers and stolen in the 72-year-old’s vast Ponzi scheme.


Bernie Madoff

Madoff Trustee Sues UBS, Others For $2B

The lawsuit alleges 23 counts of financial fraud and misconduct. It seeks to recover at least $2 billion to be distributed to Madoff victims.