Bankruptcy Protection

Chrysler Files for Bankruptcy Protection
Chrysler LLC filed for Chapter 11 bankruptcy protection today, a move that the Obama administration had hoped to avoid, but that they are now hailing as the right step.

Debt Resources - Take Steps to Avoid Bankruptcy
If you have too much debt and you know it, you probably want to do something about it. Unless you plan on filing for bankruptcy, there are two options for you: debt consolidation and credit counseling. Most people think these are the same thing but they aren't, although many people continue to use the terms interchangeably.

Company Debt - Avoid bankruptcy and save your company from debt
Bankruptcy may be a relief, but it can hurt far more than you think. Filing for Chapter 11 protection may take some of the burden of your company’s debt off your shoulders, but it is very damaging in the long run. Your reputation as a money manager is compromised, and so is your creditability.

Commercial Bankruptcy - Commercial Bankruptcy Means Filing for Chapter 11 Protection
It may be that the business debt help you receive from a business debt management consultant may be a better route to meeting the financial obligations and getting the venture back on track.

If Vince Lombardi Ever Addressed Members Of The Mortgage Industry…His Message: May Have Been…Back To Basics
Somewhere between the Stated W-2 Wage Earner Loan and the New Century Mortgage (large subprime mortgage lender) filing for Chapter 11 Bankruptcy protection mortgage practitioners lost track of the basics of the mortgage lending practices and procedures.

Air America Files for Bankruptcy
The liberal radio chatshow network Air America filed for bankruptcy protection this weekend after talks with a creditor broke down. By Chris Tryhorn.

Refco Files for Bankruptcy
Troubled US futures broker Refco filed for bankruptcy protection today and agreed to sell its core futures brokerage business to an investor group for $768m (£439.5m).

Pounds Fall Off, But So Do the Dollars
Atkins revolution falters as diet food firm files for bankruptcy protection in US with losses of $340m.

Yukos Files for Bankruptcy Protection in Bush's Backyard
Russian oil giant takes Kremlin fight to new heights in US.

Sex Abuse Claims Bankrupt Church
The Roman Catholic archdiocese of Oregon has become the first in the US to file for bankruptcy protection in response to accusations of priestly sexual abuse of children and the prospect of more multimillion-dollar settlements.

Sex Abuse Payouts Bankrupt Diocese
The archdiocese of Oregon today filed for bankruptcy, becoming the first Roman Catholic diocese in the US to seek financial protection from sexual abuse lawsuits.

Parmalat Forged Accounts, Says Bank
Crucial documents in the financial scandal engulfing the Italian food group Parmalat have been forged, Bank of America said today. As Parmalat prepared to seek bankruptcy protection, a lawyer representing the third biggest bank in the US said a statement had been presented to prosecutors...

Air Canada Grounds Planes As 'ruinous' Sars and War Hit Home
Canada's cash-strapped national airline is to ground 40 aircraft due to a "terrible" slump in passenger numbers caused by fears about the deadly Sars virus at its busiest hub, Toronto. Air Canada - which filed for bankruptcy protection last month - yesterday revealed that Sars had cost it...

Conseco announces bankruptcy
US insurance and finance company Conseco Inc became the third largest bankruptcy in US history last night after filing for protection from its creditors.

United Airlines Files for Bankruptcy
United Airlines filed for federal bankruptcy court protection today, reeling from two years of heavy losses and unable to pay off nearly $1bn in debt that comes due this week. The Chapter 11 filing in US bankruptcy court in Chicago is by far the largest airline bankruptcy ever. The...

FBI investigates Kmart's accounting practices
Kmart, the US retail giant that has filed for bankruptcy protection, joins a growing list of companies being investigated by the authorities.