A plan to salvage RadioShack Corp’s RSHCQ.PK business by co-branding most of its 1,740 surviving stores with cellular phone provider Sprint Corp (S.N) earned U.S. bankruptcy court approval on Tuesday, ending four days of contested court hearings.
The judge overseeing RadioShack Corp's Chapter 11 bankruptcy case on Wednesday approved a revised $1.5 million bonus plan for eight top executives at the electronics retailer, over the objection of the U.S. Trustee in the case.
The planned sale of the shuttered Revel Casino in Atlantic City, New Jersey, to a Florida developer has been thrown into jeopardy following a decision by a U.S. federal appeals court that would change the terms of the transaction, according to court documents.
Detroit's historic bankruptcy, which officially ended earlier this month, cost the city nearly $178 million in fees and expenses for teams of lawyers and consultants, according to a city court filing on Tuesday.
The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc (BARC.L).
Bankrupt U.S. companies would have more leeway to impose restructuring plans over creditors’ objections under new recommendations by a commission to overhaul Chapter 11 bankruptcy rules.
Detroit won U.S. Bankruptcy Court approval on Friday for a road map to end its fiscal free fall and revitalize a city sinking under a huge debt load and dysfunctional government.
The stable of judges on Manhattan's federal bankruptcy court is undergoing dramatic turnover that could bring more uncertainty to one of the go-to venues for rescuing companies on the brink of financial ruin.
General Motors (GM.N) said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million cars earlier this year.
Stockton, California, employees breathed a sigh of relief on Thursday as a judge ruled the city could exit bankruptcy, leaving benefits administered by public pension giant Calpers untouched.
Detroit on Monday wrapped up its historic bankruptcy case, which began with contentious opposition from creditors and ended with eleventh-hour deals enabling the city to shed $7 billion of its $18 billion of debt and obligations.
General Motors Co (GM.N) persuaded a federal appeals court to uphold the dismissal of a $3 billion lawsuit in which Spyker NV (SPYKF.PK) accused it of derailing a plan to sell the Swedish automaker Saab to a Chinese company.
The Delaware Supreme Court said on Friday that creditors are entitled to rely on formal loan documents authorized by secured lenders, even if there is a mistake in the documents.
The judge presiding over the Stockton, California, bankruptcy case said on Wednesday that he will wait until late October to make a final ruling over whether the city can exit bankruptcy.
Detroit should be able to access capital markets and borrow at a rate of around 5 percent after it exits bankruptcy, as long as its tax revenue remains stable, a city consultant said on Tuesday.
A federal judge in Manhattan on Friday ordered discovery to begin for some cases filed against General Motors Co (GM.N) in connection with its recall of millions of cars for a faulty ignition switch.
The Detroit Institute of Arts is prepared to sue to prevent the sale of its collection if Detroit's plan for exiting bankruptcy is not approved, the museum's chief operating officer told U.S. Bankruptcy Court on Thursday.
Casey Anthony, the woman acquitted of murdering her daughter, Caylee, met on Monday with creditors to discuss her bankruptcy. Anthony explained at the hearing that she is unemployed and lives off "unsolicited donations."
Casey Anthony, the woman acquitted of murder in 2011 for the death her 2-year-old daughter, Caylee, has come out of seclusion for a meeting with the creditors in her bankruptcy case in Tampa. In late January, Anthony filed for bankruptcy in Florida in late January, claiming about $1,000 in assets and $792,000 in liabilities.
