It's not just mainstream news publications that are have difficulty surviving in the recession. American Media, the parent of tabloids the National Enquirer and Star, filed for Chapter 11 bankruptcy protection Wednesday.
The owners of Manhattan%u2019s landmark Lipstick Building, which housed convicted Ponzi schemer Bernie Madoff's opulent offices, has filed for chapter 11 bankruptcy protection. Could new owners make the economics work?
Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.
Bond insurer Ambac Financial Group has filed for Chapter 11 bankruptcy after failing to raise more capital. The company has suffered from the collapse of the housing market and earlier this month warned that bankruptcy might be coming.
Metro-Goldwyn-Mayer Studios has filed for a re-organization bankruptcy, the studio announced Wednesday.
American Media, publisher of National Enquirer, plans to file for bankruptcy protection in the next two weeks, as it seeks to convert its substantial debt to equity shares in the company.
Ambac Financial Group (ABK) missed an interest payment on its debt Monday as it scrambled to raise additional capital. The company indicated that it may file for a Chapter 11 bankruptcy.
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.
Lehman Brothers bankruptcy fees are approaching $1 billion, making it the costliest in U.S. history.
Ashley Stewart's parent company Urban Brands filed for Chapter 11 bankruptcy Tuesday, after the retailer suffered three years of losses and its liabilities grew upwards of $500 million.
Lehman Brothers Holdings, the once great Wall Street firm that went bankrupt at the height of the financial crisis, says it will have to pour hundreds of millions of dollars into two struggling units to avoid failures that could cost the investment bank billions.
The Los Angeles Times reports that Blockbuster has been meeting with senior debt holders and Hollywood studios to discuss a Chapter 11 filing in September -- a path that would likely result in more store closures.
So much for the hope of a relatively quick and painless exit from bankruptcy for Tribune Co. A reorganization plan that would have turned over control of the Chicago-based media conglomerate to lenders has reportedly fallen apart.
Sofabed seller Jennifer Convertibles filed for a pre-packaged Chapter 11 bankruptcy due to several back-to-back quarterly losses and an inability to find alternate financing. The Woodbury, N.Y.-based company plans to continue to operate through the reorganization.
