An investor group that includes investor and reality TV star Marcus Lemonis said it plans to acquire Crumbs Bake Shop out of bankruptcy.
In college, money was tight, and debts rose. After we got married (and quickly divorced), I learned all the debt (and its problems) was mine, not ours.
Crumbs' demise isn't surprising when considering its dependence on a fad. Rather, it's a cautionary tale for businesses that market a single product.
A Houston debt collector is fined $4 million for allegedly using false and deceptive collection practices. The company can't pay. What's the lesson here?
America's highest court has unanimously decided that creditors can go after IRAs that are inherited.
American workers take barely half the paid time off they're entitled to and more than 60 percent admit to doing some work while on vacation, a report shows.
Brookstone, a staple in malls and airports nationwide, is seeking Chapter 11 bankruptcy protection as part of its $147 million sale to Spencer Spirit Holdings.
There are times in life you remember in stark detail. Your first kiss, the first time your heart was broken, or the day you tell your spouse you need to file for bankruptcy.
American Airlines emerges from bankruptcy protection and US Airways culminates its long pursuit of a merger partner when the two complete their deal Monday.
Top U.S. banks failed to fully comply with a government settlement to correct mortgage servicing abuses, a monitor of the settlement says.
With $11.5 billion in debt and a $3.5 billion shortfall in its pension funds, Detroit wants an deal that will cut its obligations. If it gets one, other cities will follow.
Detroit became the biggest U.S. city to file for bankruptcy, its finances ravaged and neighborhoods hollowed out by a long, slow decline in population and the auto industry.
The financial state of a majority of elderly Americans is tenuous at best. And when your older relatives die, some of their money problems can become your problems.
In 2008, Halsey Minor made $200 million when he sold CNET Networks to CBS for $1.8 billion. This week, he declared Chapter 7 bankruptcy, listing debts of up to $100 million.
Climbing the ladder of success can be a slow process. But once you get there, the reverse process -- sliding down the chute of economic despair -- can happen all too quickly.
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
A bankruptcy judge has approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.
The parent company of Reader's Digest has filed for Chapter 11 bankruptcy protection for the second time in less than four years, saying it needs to cut its debt so it can...