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.
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.
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.
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.
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.
Interfaith Medical Center in Brooklyn has filed for Chapter 11 bankruptcy protection.
The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.
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.
Former New York Mets outfielder Lenny Dykstra has pleaded guilty to three counts stemming from a bankruptcy fraud case in Los Angeles.
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.
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.
The smell of bagels still lingers in the air, but the padlock on the door tells a different story at the H&H Bagels location on 46th Street.
Defunct trading company MF Global Inc. says it is terminating its entire workforce of 1,066 employees a week after filing for bankruptcy protection.
Oh no! Where will the brides run now?
Move over, Mets. There’s reportedly a new cash-strapped franchise in town.