Bankruptcy News, Bankruptcy Pictures
Conservative Curt Schilling Owes Taxpayers $116 Million
Former baseball star Curt Schilling, an outspoken conservative, owes Rhode Island taxpayers $116 million.
Bankruptcy Judge: If We Listened To Romney, Chrysler Would Be Dead
The federal bankruptcy judge who presided over Chrysler’s bankruptcy told ABC News that if Mitt Romney’s advice had been followed, the auto giant would be dead with thousands of jobs lost.
![A&P Files Chapter 11 Bankruptcy]()
A&P Files Chapter 11 Bankruptcy
The Great Atlantic & Pacific Tea Co., best known to grocery shoppers as A&P, says it has filed for Chapter 11 bankruptcy protection to deal with heavy debt and high costs. The company, founded in 1859, says it will have access to $800 million in debtor-in-possession financing through JPMorgan Chase & Co. and that all [...]
![A&P Files Chapter 11 Bankruptcy]()
A&P Files Chapter 11 Bankruptcy
The Great Atlantic & Pacific Tea Co., best known to grocery shoppers as A&P, says it has filed for Chapter 11 bankruptcy protection to deal with heavy debt and high costs. The company, founded in 1859, says it will have access to $800 million in debtor-in-possession financing through JPMorgan Chase & Co. and that all [...]
![Bankruptcy Filings Increase 14% In 2010]()
Bankruptcy Filings Increase 14% In 2010
In the federal government’s fiscal year 2010, which ended September 30, more than 1.5 million non-business bankruptcy filings were processed, according to data released Monday by the Administrative Office of the U.S. Courts. That’s up more than 14% from fiscal 2009, when about 1.3 million personal bankruptcies were filed. Link
![Ambac Financial Group May File For Bankruptcy]()
Ambac Financial Group May File For Bankruptcy
Bond insurer Ambac Financial Group may file for bankruptcy as soon as this week, report Bloomberg’s Linda Sandler and Christine Richard, citing anonymous sources. Ambac had indicated earlier this month that it was talking with senior lenders about a bankruptcy restructuring. Link
![Former NFL QB Mark Brunell Is Bankrupt]()
Former NFL QB Mark Brunell Is Bankrupt
Mark Brunell picture “Abel Harding of the Florida Times-Union reports that Brunell plans to make the filing today, despite earning $52 million during his career. The tipping point seems to be multiple lawsuits resulting from failed business loans for which Brunell and others co-signed.” [Link]
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