bankrupt

Borders, the bankrupt bookseller which could not find a buyer, is still selling books. As a matter of fact, the firm sends out emails that offer not only books, but furniture from the company's stores. Borders' offerings include books reduced by 60% to 80% from their normal retail prices. The...

Rebuilding your life after bankruptcy can sometimes seem like an overwhelming task. But if you've recently filed for Chapter 7 or Chapter 13, it's important to realize that there really is life after bankruptcy.

It's true that Social Security paid out more than it collected in 2010. But the Trust Fund owns $2.6 trillion in Treasury bonds, and though some people may claim those holdings are an illusion, they aren't. Still, there are some fairly painless steps we could take to shore up the program's balance sheet for the long term.

On a recent Today Show Money 911 segment, a caller said she'd filed for bankruptcy -- but that didn't free her from her student loans. She then asked how bankruptcy would affect her ability to get more student loans. Clearly, she isn't learning the right lesson from Chapter 11.

Japan Airlines plans to slash its workforce and reduce the number of planes in its fleet as part of its bankruptcy restructuring. The airline aims to eliminate more than 16,000 positions, BBC News reported. Some of these reductions will come through early retirement and the sale of subsidiaries....

Small-business lender CIT Group Inc. has filed for Chapter 11 bankruptcy in the fifth-largest corporate bankruptcy in U.S. history. The beleaguered company, which had its roots in basic, no-frills loans to fast-food restaurants, clothing stores and the like, ran into trouble after a former...

Corporate bailouts. Troubled assets. Bank rescues. Federal stimulus. While the Bush and Obama administrations were scrambling to put spins on what they labeled "economic recovery" programs, angry taxpayers had a more simple description: increased government spending. Increasingly frustrated that...

Today, the U.S. Bankruptcy Court for the Southern District of New York granted a petition against Ellen Tracy LLC for a Chapter 7 involuntary petition for bankruptcy. The petition was filed by three creditors seeking nearly $4 million in claims. The creditors were manufacturers of Ellen Tracy...

German fashion designer Escada AG's 2,300 worldwide employees -- not to mention the good looks of the celebrities who wear its garments -- were placed in jeopardy today as the clothing maker filed for bankruptcy in Munich Local Court. The company has undergone months of financial negotiations as...