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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.


(credit: AP Photo/Nick Ut)

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.


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.


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.


H&H Bagels locked out of its final midtown location on 46th Street on Friday, Jan. 26, 2012 (credit: Paul Murnane/WCBS 880)

H&H Bagels Evicted From Remaining Midtown Location

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.


An MF Global sign is seen in the office building where MF Global Holdings Ltd have offices in Manhattan on November 1, 2011.  (Photo by Mario Tama/Getty Images)

MF Global Fires All Of Its Employees

Defunct trading company MF Global Inc. says it is terminating its entire workforce of 1,066 employees a week after filing for bankruptcy protection.


Women try on wedding dresses at the annual "Running of the Brides" sales event at Filene's Basement in New York on June 3, 2011.  ( ERIC FEFERBERG/AFP/Getty Images)

Syms, Filene’s Basement File For Bankruptcy, Plan To Close All 46 Stores

Oh no! Where will the brides run now?


Devils GM Lou Lamoriello, owner Jeff Vanderbeek (credit: Bruce Bennett/Getty Images)

Report: Devils In Danger Of Bankruptcy After Missed Loan Payment

Move over, Mets. There’s reportedly a new cash-strapped franchise in town.


Former New York Governor Hugh Carey (credit: George De Sota/Newsmakers)

Former New York Governor Hugh Carey Dies At 92

Carey, a Democrat, served two terms as governor from 1975 to 1982 after seven terms as a congressman from Brooklyn. Hailed for his crisis management during the city’s brush with insolvency, Carey mustered the backing needed to reorganize its shaky finances and restore confidence in both the city and state.


Borders Bookstore (credit: Nicholas Kamm/AFP/Getty Images)

Borders Outlines Additional 28 Store Closings

The additional closings would bring the remaining store total to about 400.


A Blockbuster Video store - File / Photo: Justin Sullivan/Getty Images

Judge Expected To Rule On Blockbuster’s Future

The U.S. Bankruptcy Court for the Southern District in New York will rule on whether a bid by a group of debtholders for $290 million should be approved.


(AP/Getty Images)

Kallas Remarks: Can They Settle?

Using the six-year look back period involved in bankruptcies in New York, the following will try to lay out the parameters for a possible settlement of the Madoff lawsuit involving the Wilpon/Katz defendants.


Borders Bookstore (credit: Nicholas Kamm/AFP/Getty Images)

Borders Files For Ch. 11 Bankruptcy Protection

The 40-year-old company plans to close about 200 of its 642 stores over the next few weeks. All of the stores closed will be superstores, Borders spokeswoman Mary Davis said.


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

Judge Approves Massive Madoff Settlement

A historic $7.2 billion deal was approved Thursday to settle a lawsuit brought against the estate of one of the oldest and wealthiest clients of disgraced financier Bernard Madoff.


A woman walks outside of an  A&P supermarket December 13, 2010 in Jersey City, New Jersey. Venerable grocery chain A&P filed for bankruptcy protection this weekend, under mounting debt and structural problems.  The company owns supermarkets under the names of A&P, Pathmark, Food Emporium,Waldbaums, and others.  (Photo by Chris Hondros/Getty Images)

1,000 In N.J. Could Lose Jobs After A&P Bankruptcy

Workers at a grocery distributor in New Jersey could lose their jobs in February in the wake of a bankruptcy filing by the supermarket giant.