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Bankruptcy filings increase among educated, high income earners
A new report indicates that the number of college educated, high income earners filing for protection under bankruptcy law is on the rise. A new report indicates that the number of college educated, high income earners filing for
Updated: 09/13/2011 01:08P
Bankrupt Inner City reaches deal
The radio broadcasting company that caters to African-Americans and is founded by civil rights leader Percy Sutton, expects to emerge from bankruptcy protection by the end of 2011, it said in a statement. In August, in a filing with the US Bankruptcy
Updated: 09/13/2011 01:07P
Slideshow: Largest Layoffs of 2011
Before that, General Motors (GM: NYSE) planned 47000 job cuts in 2009, and the bankruptcy of Circuit City accounted for 34000 job cuts. The number in a category the government calls “mass layoffs” has jumped by 3 percent in 2011.
Updated: 09/13/2011 01:05P
Merkel Quells Speculation on Greek Default
BERLIN–German Chancellor Angela Merkel sought to quash talk that cash-strapped Greece might have to declare bankruptcy soon or even leave the euro zone, rebuking her junior coalition partner for fuelling market
Updated: 09/13/2011 01:03P
Institute for Financial Literacy: College Grads Behind Increase in Bankruptcy
13, 2011, at 1:01 PM EDT College graduates represent the fastest growing demographic of consumers who have filed for bankruptcy over the past five years, according to a new report out Tuesday. Wait, really? Our high school guidance counselors always
Updated: 09/13/2011 01:02P
Former Canyon County Prosecutor Accused Of Lying
Former Canyon County Prosecutor John Bujak's estranged wife wants to separate her bankruptcy estate from his, the latest twist in the downfall of the southwestern Idaho Republican's political and personal fortunes. Pepper Bujak claims in US Bankruptcy
Updated: 09/13/2011 12:56P
Alabama county, creditors still working on deal to avoid largest muni
Alabama's largest county is nearing another deadline for reaching a deal to avoid filing the largest municipal bankruptcy ever. The Jefferson County Commission meets Friday to either file for bankruptcy or approve a deal with Wall Street lenders over
Updated: 09/13/2011 12:54P
UAW and Big Three hash out autoworker wages
The main debate is over the two-tier wage system that was put in place four years ago to cut the automakers' costs -- an unsuccessful attempt to save them from bankruptcy. The union wants a modest wage increase for the new second-tier workers who earn
Updated: 09/13/2011 12:54P
Europe struggles to contain debt crisis
Merkel rejected the notion that a Greek bankruptcy — a possibility raised a day earlier by her deputy that spooked markets — would provide a quick solution to the eurozone debt crisis. She argued that Europe instead needs to stick to its efforts to cut
Updated: 09/13/2011 12:53P
David Drumm's Cape Cod house could go on market for $4m
A US BANKRUPTCY official has set a price for the sale of a Cape Cod, Massachusetts mansion which former Anglo Irish Bank CEO David Drumm claims is his principal residence. RT reports that the official is seeking $4 million for the house and its
Updated: 09/13/2011 12:49P
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