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Motley Fool: How bankruptcy might affect stocks
Some companies file for bankruptcy protection and then turn themselves around, as Texaco and Delta Air Lines did. Even if a firm ultimately fails, it's sometimes still worth something. Its assets (such as buildings or equipment or business units) may
Updated: 09/13/2011 08:10P
Study Says More College Graduates Filing For Bankruptcy
The study also shows that the number of people in debt with a high school diploma, or those who have not finished college, has actually declined. It suggests that a higher education will mean high hopes for a lucrative career, leaving many to think
Updated: 09/13/2011 08:04P
Merkel Tries To Reassure Markets On Chance Of Greek Default
As The Wall Street Journal explains it, what Merkel is saying is that Europe will not allow Greece to be forced to declare bankruptcy or leave the eurozone. The paper adds: Ms. Merkel's comments helped to calm jittery markets on Tuesday,
Updated: 09/13/2011 08:04P
Effect of Greek default could put Lehmans in ha'penny place
The euro's rally is the only hopeful sign that the game is not yet up TOMORROW MARKS the third anniversary of Lehman Brothers filing for bankruptcy. The world has not been the same since. For three solid years we have lived with the sickening fear that
Updated: 09/13/2011 08:03P
Drumms' Boston home acquired through 'sham trust', claims US bankruptcy trustee
The court-appointed official in Mr Drumm's bankruptcy action in Boston filed a legal complaint on Monday against him, his wife Lorraine and her friend Anne Marie Greenberg, an employee at the property broker Coldwell Banker in Sudbury, Massachusetts.
Updated: 09/13/2011 08:02P
The Merrill Lynch and Lehman Deals, 3 Years Later
Early the next morning, Lehman Brothers announced its bankruptcy filing. Lehman soon sold its investment banking and capital markets operations to Barclays for $250 million. One of these deals has been a success. The other is questionable.
Updated: 09/13/2011 07:58P
Largest banks to submit contingency plans in case of failure
Banks with $50 billion or more in assets will submit periodic contingency plans to the Federal Deposit Insurance Corp. and the Federal Reserve for winding down in case of failure and bankruptcy. The FDIC insures 37 banks required to submit
Updated: 09/13/2011 07:51P
Opposing view: 'Perfect storm' sank Solyndra
Winning will require substantial investments. Last year, for example, the China Development Bank offered more than $30 billion in financing to Chinese solar manufacturers, about 20 times more than US-backed loans to solar manufacturers.
Updated: 09/13/2011 07:49P
Borders Closing Could Affect Surrounding Businesses
The closure is causing uncertainty to the owners of "Custom Tailoring by Al" The owners hope the store's closing won't slow down the flow of shoppers in the area. There is no word if another business will move into the borders building.
Updated: 09/13/2011 07:39P
More college grads are filing for bankruptcy
The Institute for Financial Literacy (IFL), a nonprofit organization dedicated to improving financial literacy across the nation, released the results of a five-year study on bankruptcy filings. The organization examined bankruptcy trends since the
Updated: 09/13/2011 07:39P
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