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Bankruptcy

The Revel casino is seen from the boardwalk in Atlantic City (file / creidt: Dough4872 via Wikipedia)

Revel Casino Emerges From Bankruptcy Filing

The pre-planned Chapter 11 filing wiped out $1.2 billion of the casino’s $1.5 billion in debt, by giving lenders an 82 percent ownership stake.

2 hours ago

Cardinal Timothy Dolan with reporters - Feb. 11, 2013 (credit: Rich Lamb / WCBS 880)

Dolan Hopes Release Of Documents Will Heal Sex Abuse Victims In Milwaukee

Timothy Cardinal Dolan said Wednesday that he welcomes the upcoming release of documents related to sexual abuse lawsuits filed against the Archdiocese of Milwaukee, where he previously served.

2013/04/03

Singer Dionne Warwick (credit: Kevork Djansezian/Getty Images)

Singer Dionne Warwick Files For Bankruptcy In New Jersey

Warwick lists liabilities that include nearly $7 million owed to the IRS for the years from 1991 to 1999 and more than $3 million in business taxes owed to the state of California.

2013/03/26

Report: Chelsea Wine Storage Facility Files For Bankruptcy After Post-Sandy Lawsuits

A Chelsea facility that kept millions of dollars’ worth of wine has filed for bankruptcy in the wake of damage by Superstorm Sandy and subsequent lawsuits, according to published reports.

2013/02/03

Owner Of Mandee, Annie Sez, Afaze Blames Sandy For Bankruptcy

The New Jersey-based owner of the Mandee, Annie Sez and Afaze clothing stores filed for Chapter 11 bankruptcy protection Monday, citing effects from Superstorm Sandy as the cause of its financial woes.

2013/01/07

Interfaith Medical Center In Brooklyn Files For Bankruptcy Protection

Interfaith Medical Center in Brooklyn has filed for Chapter 11 bankruptcy protection.

2012/12/03

Judge Orders Hostess To Mediate With Union

The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.

2012/11/19

Linda McMahon (file / credit: Linda McMahon For Senate 2012)

Linda McMahon To Repay Creditors In 1976 Bankruptcy

McMahon, a Republican, has used the narrative of rising out of bankruptcy to become the successful CEO of World Wrestling Entertainment as a part of her campaign.

2012/09/21

Dykstra Pleads Guilty In Bankruptcy Fraud Case

Former New York Mets outfielder Lenny Dykstra has pleaded guilty to three counts stemming from a bankruptcy fraud case in Los Angeles.

2012/07/13

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.

2012/04/30

Lenny Dykstra (credit: Otto Greule Jr./Getty Images)

Controversial Ex-Met Lenny Dykstra Sentenced To Three Years In Prison

Former New York Mets outfielder Lenny Dykstra was sentenced Monday to three years in state prison in a grand theft auto case. Los Angeles County superior court judge Cynthia Ulfig sentenced Dykstra after refusing to allow him to withdraw a no-contest plea.

2012/03/05