Bankruptcy

The cost of filing for bankruptcy has risen in recent years as a result of the 2005 Bankruptcy Abuse Prevention and Consumer Protection Act, which aimed to reduce the number of bankruptcies by adding more requirements to the filing process.

American Airlines executives hoping to bring the deficit-riddled carrier out of bankruptcy want to trim about 13,000 jobs. They left their unions' counteroffer sitting on the tarmac. Will the two sides ever be able to meet in the middle?

Former NBA superstar Allen Iverson earned $154 million from his Sixers salary alone during his career. Now, he owes more than he can pay. How did it happen, and what lessons can his fiscal foul-ups teach to the rest of us. The answers are distressingly simple.

Gary Busey joined the ranks of the insolvent last week, filing for bankruptcy. But he's by no means unique: There's a whole subset of celebrities practically defined by their inability to live within their enormous means. Check out our gallery of fiscally fallen stars.

College costs are rising, student loan debt is nearing $1 trillion, and money is still tight everywhere. So if you're a parents or a soon-to-matriculate student, you'll want to hear what the Princeton Review's Rob Franek has to say about the best value colleges of 2012.

A few weeks ago, we asked DailyFinance readers for their best tips for putting your financial house in order. Many were quick to note that the foundation of financial security lies in being ready when disaster hits. Here are some of their best suggestions for planning for those rainy days.

As surprising as it may seem to many of us when large corporations with familiar brands vanish suddenly from the scene, it happens. Major companies like Saab, Borders, and Countrywide -- just to same a recent few -- are now history. Who's next? Read on ...

Once, Kodak was one of the world's most recognized brands -- it's little yellow film boxes were everywhere. Now the the film is a relic, and the company that benignly ruled Rochester, N.Y., for a century is in Chapter 11. A Kodak kid reminisces:

In the wake of Eastman Kodak's bankruptcy filing, some speculators will be tempted in the coming days to nibble on the company's battered shares. But if you know what's good for your portfolio, you'll stay away.

Photography icon Eastman Kodak has filed for bankruptcy, as it seeks to boost its cash position and stay in business. The move comes as the ailing company has failed to find a buyer for its multibillion-dollar trove of digital imaging patents.