Headlines
Detroit said on Friday that it would stop making payments on some of its estimated $18.5 billion debt, which would put it in default, and the "insolvent" city called on most of its creditors to accept pennies on the dollar to help it avoid the largest municipal bankruptcy filing in U.S. history, Reuters reported on Friday. In a forceful opening salvo of negotiations with debt holders, Detroit Emergency Manager Kevyn Orr announced a moratorium on some principal and...
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Orchard Supply Hardware Stores Corp. filed for chapter 11 protection, with rival retailer Lowe's...
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W.R. Grace & Co. heads to court today to defend its chapter 11 workout plan against challenges...
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Bank of America Corp., the second-biggest U.S. lender, rewarded staff with cash bonuses and gift...
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Large banks are pushing back against regulators' plans to toughen rules on short-term, high-...
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Halsey Minor, the CNET Networks Inc. founder who filed for bankruptcy last month, is seeking to...
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Wells Fargo & Co. faces a second Minnesota trial over claims by institutional investors that...
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JPMorgan Chase & Co.'s asset-management division will begin disclosing to investors the amount...
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The judge overseeing the bankruptcy of San Bernardino, Calif., yesterday disqualified a law firm...
Current Bankruptcy Brief Newsletter
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June 13, 2013
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June 11, 2013
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June 6, 2013
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The American Bankruptcy Institute is the largest multi-disciplinary, non-partisan organization dedicated to research and education on matters related to insolvency. ABI was founded in 1982 to provide Congress and the public with unbiased analysis of bankruptcy issues.The ABI membership includes more than 13,000 attorneys, auctioneers, bankers, judges, lenders, professors, turnaround specialists, accountants and other bankruptcy professionals...More...