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Bankruptcy

New York City Opera

New York City Opera To File For Bankruptcy

NEW YORK (CBSNewYork/AP) – New York City Opera said the company will file for bankruptcy protection and wind down operations after failing to raise enough money to stage the rest of its season. “It’s very […]

10/01/2013

New York City Opera

This Weekend Could Be The Last For New York City Opera

The New York City Opera could be going silent after this weekend if it does not collect a total of $7 million.

09/28/2013

Kara Shay Thomson performs in Schoenberg's "Erwartung" during the final dress rehearsal of the New York City Opera production of "Monodramas." (file/credit: New York City Opera)

Without ‘Miracle,’ City Opera Could Be Days Away From Bankruptcy Filing

The 70-year-old company says it plans to file for bankruptcy and scrap the bulk of its 2013-14 season unless it somehow manages to reach its $7 million fundraising goal by Monday.

09/27/2013

Interfaith Medical Center in Bedford-Stuyvesant, Brooklyn. The state has rejected its restructuring plan and the hospital will stop taking in-patient admissions on Aug. 15, 2013. (credit: Marla Diamond/WCBS 880)

Demonstrators Hold All-Night Vigil To Save Interfaith Medical Center

Interfaith’s restructuring plan to pull it out of Chapter 11 bankruptcy was rejected by the state Department of Health.

08/12/2013

Interfaith Medical Center in Bedford-Stuyvesant, Brooklyn. The state has rejected its restructuring plan and the hospital will stop taking in-patient admissions on Aug. 15, 2013. (credit: Marla Diamond/WCBS 880)

Demonstrators Rally To Keep ‘Safety Net’ Interfaith Medical Center Open

Employees of the Bedford-Stuyvesant medical center who were given pink slips on Wednesday were out protesting in front of the hospital on Thursday.

08/01/2013

Teresa Guidice and Joe Guidice attend "NBA 2K13" Premiere Launch Party at 40 / 40 Club on September 26, 2012 in New York City.  (credit: Dimitrios Kambouris/Getty

‘Real Housewives Of NJ’ Star Teresa Giudice, Husband Indicted On Fraud Charges

The couple submitted fraudulent mortgage and other loan applications from 2001 through 2008, a year before their show debuted on Bravo, making phony claims about their employment status and salaries, the indictment said.

07/29/2013

Archbishop of New York cardinal Timothy Dolan arrives at the Paul VI hall for the opening of the Cardinals' Congregations on March 4, 2013 in Vatican City. (Photo by Franco Origlia/Getty Images)

Dolan Applauds Release Of Deposition Taken During Milwaukee Clergy Sex Abuse Cases

Documents in the Archdiocese of Milwaukee’s bankruptcy case show the Vatican gave then Milwaukee Archbishop Timothy Dolan permission to move money into a trust as the archdiocese began to move toward bankruptcy.

07/01/2013

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.

05/21/2013

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.

04/03/2013

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.

03/26/2013

Photo: Richmeyer/Flickr

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.

02/03/2013

Credit CBS 2

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.

01/07/2013

(file / credit: clipart.com)

Interfaith Medical Center In Brooklyn Files For Bankruptcy Protection

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

12/03/2012

(credit:  Joe Raedle/Getty Images)

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.

11/19/2012

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.

09/21/2012

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