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Alabama has 5th highest bankruptcy rate
Alabama had the fifth-highest bankruptcy rate in the nation in the second quarter, according to a report from the Administrative Office of the US Courts.
Updated: 08/18/2010 02:09P

Vacant downtown lot sells for $19.6M
Bankruptcy auction for Greenwich Street property that can hold a 156000-square-foot, mixed-use development attracted two bidders.
Updated: 08/18/2010 02:07P

Mexican Air Travel Rating Is Downgraded
The downgrade came shortly before Mexicana Airlines filed for bankruptcy, suspending ticket sales and several flights. Not only will other Mexican carriers
Updated: 08/18/2010 02:00P

Connecting the Dots: top news stories for Wednesday, August 18
Bankruptcy filings are soaring in the state's heartland, racking up numbers not seen since 2005 when Congress tightened bankruptcy rules.
Updated: 08/18/2010 01:51P

American Apparel facing bankruptcy
The chain, which has faced much criticism for its provocative and controversial ads, has almost 300 stores worldwide and 14 in the UK.
Updated: 08/18/2010 01:40P

Lehman old guard uses bankroll and bare knuckles for real estate redemption
Lehman's board of directors sacked the senior bankers responsible for its real estate book ahead of the bankruptcy filing, leaving the portfolio to a cadre
Updated: 08/18/2010 01:36P

Watson's US clothing chain faces bankruptcy risk
It expressed doubt about its ability to continue as a "going concern" - foreshadowing a possible bankruptcy. American Apparel also said it might fall out of
Updated: 08/18/2010 01:32P

GM to be dual-listed, IPO filing seen on Wednesday
Before its 2009 bankruptcy, GM shares traded on the New York Stock exchange, and its return had been widely expected as the automaker begins to distance
Updated: 08/18/2010 01:27P

Lehman Judge Approves $17.5 Million Innkeepers Restructuring Financing
New York-based Lehman, which is also in bankruptcy, said last month that the refinancing would help it recoup a secured claim by taking stock in the hotel
Updated: 08/18/2010 01:16P

Bankruptcy Filings Are Up but It Should Be a Last Resort
For 1 in 125 Households in America Bankruptcy Has Become the Only Option in Reducing Debt Morgan Drexen Says It Should Be a Last Resort.
Updated: 08/18/2010 01:13P

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