creditors

Debtors' Prison Is Back, and Just as Cruel as Ever

To most of us, "debtors' prison" may sound like something straight out of a Dickens novel. But across the country today, predatory lenders are using a legal loophole to manipulate courts into jailing poor citizens who legitimately cannot pay what they owe.

Eastman Kodak: This Stock Is Probably Going to Zero

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.

Mired in Debt? Here's How to Dig Out Safely

Many Americans are desperate to relieve their overwhelming debt burdens. Often they turn to unscrupulous settlement firms, which only make matters worse. But there are plenty of better options for whipping your debt into a manageable condition.

Blockbuster Now Expects NYSE Delisting

Struggling video rental giant Blockbuster said Thursday that it expects to be delisted from the New York Stock Exchange after it failed to receive enough shareholder votes to authorize a reverse stock split.

Biz Brief: Lehman Brothers' European Creditors May Get Paid in 2011

Lehman Brothers, whose 2008 death signaled the gravity of the financial crisis, remains very much alive to those of its creditors still awaiting payment. Now, it looks like some businesses in Europe could get speedier payments than they would have gotten otherwise.

Bondholders wreck the car companies

In negotiations with Chrysler and GM (GM), management has made sacrifices. Salaries have been cut or capped. Rick Wagoner lost his job. The UAW has...