Bankruptcy

Bold. Brazen. Bankrupt!

We’re living in a world where people who previously breezed by in the shadows, and at other times boldly marched the red carpet, are being revealed …

Globe could be out $600,000 in Herald bankruptcy; Herald workers, freelancers could get screwed, too

The Herald's bankruptcy filing reports that among the debts the paper owes is an estimated $600,000 to the Boston Globe for "trade services," i.e., …

Boston

Bankrupt Westinghouse says bids for assets in sight

Westinghouse Electric Co LLC, the U.S. nuclear technology unit of Toshiba Corp, said on Monday it expects bids for its assets within days as it justified its request for an extra 90 days to control its bankruptcy.<p>“At this critical juncture, it is paramount that the debtors maintain control over the …

Law

Executives at bankrupt Toys "R" Us are in line for another $21 million in bonuses

It’s highly unlikely that, in the two weeks before Christmas, the executive team at Toys “R” Us can do much to goose the bankrupt company’s sales. The merchandise has been bought, the advertising circulars have been printed, the commercials filmed. The hard work of selling is now up to the …

Bain Capital

Opinion: There’s no way bitcoin’s bust would trigger a recession

First came the bitcoin boom, now come the bitcoin-led recession warnings. But let’s be serious: there have been two recent, painful experiences with …

Business

When Bankruptcy Can Be of Great Benefit

No one ever goes into their adult lives thinking that they will one day have to file for bankruptcy. Yet many people end up having to make this decision. In certain cases, it could be because they lived beyond their means for too long. Other people are put in a situation where their debt outweighs …

New Jersey

Why one in three Detroit properties has been foreclosed on in the last 15 years – VICE News

In the last 15 years, one in three Detroit properties have been foreclosed on. When most people think of foreclosure, they think of people who can’t afford to pay off their mortgages.<p>But in Detroit, it’s often the result of people struggling to pay their property taxes. One big reason is that, in …

Real Estate

Toys R Us is bankrupt, but top execs are cleared to receive $16 million in bonuses

A Justice department attorney representing the people owed money by Toys R Us doesn't believe the bankrupt corporation should pay lavish bonuses to …

Bankrupt Toys R Us Can Pay Executives $14M In Bonuses: Report

17 executives will receive the money in incentive bonuses as long as the company hits it target of $550 million in earnings.<p>WAYNE, NJ — Bankrupt Toys …

New York City

The Great Saudi Oil Swindle of 2018

Our “allies” in Saudi Arabia are at it again.<p>Not content with continuing to fund all manner of terrorist activity…preaching hatred against the …

Oil

Bankrupt energy producer surrenders offshore leases to California

The bankruptcy trustee for Rincon Island Limited Partnership on Wednesday surrendered to California its rights to state leases to a manmade island on public land, handing a victory to officials who sought to shut down the energy producer’s wells.<p>“The lease relinquishment means the last operational …

Law

Bankrupt Toys R Us can pay executives millions of dollars in bonuses, judge rules

With the shopping season looming and bankruptcy proceedings underway in federal court, Toys R Us wen...

If you’re in the cannabis business, you better not go bankrupt

There’s no question that the business of marijuana is booming. Twenty-nine states now allow it for medicinal purposes and nine other states either allow or have proposed laws to allow it to be used for recreational purposes. Some estimates are saying that the industry could generate revenue …

Cannabis Industry

Albertans could be about to lose billions, while banks reap a windfall

Last month, the Supreme Court of Canada announced it would review a judgment of the Alberta Court of Appeal that threatens to eviscerate Alberta’s …

Oil

Are you better than your neighbours?

IT’S a question every Briton has asked themselves – am I superior to those bastards next door? Take our test and find out.<p><b>How would you describe your</b> …

British Humour

Spain’s toll roads: my way or the highway

December 4, 2017<p>The Spanish government has form in dealing toughly with rebels, most recently in Catalonia. Undaunted, a group of hedge funds has …

Toll Roads

Fiduciary Duties in Bankruptcy and Insolvency

By John A. E. Pottow (University of Michigan Law School).<p>Although discussed nowhere in the U.S. Bankruptcy Code, fiduciary duties play a central role …

Harvard

'Morally bankrupt' RBS slammed over plans to axe 62 Scottish branches

Union chief blasts bank for breaking promises as brutal cuts could cost 158 jobs across the country.<p>RBS have been slammed as “morally bankrupt” over …

Brutal

RBS's closure of 62 branches morally bankrupt, says Unite

Sign up to our <b>Daily</b> newsletter<p>A union has described a bank’s decision to close 62 branches as “morally bankrupt”.<p>Unite Scotland said the Royal Bank …

Banking

arrow-up-filled

On December 2, 2001, the giant energy trader Enron filed for bankruptcy. Although the company was based in Houston, Texas, it filed for bankruptcy in …

University of California

Bankrupt Toys-R-Us under fire for doling out bonuses for top executives

Live<p>powered by<p>For video troubleshooting and help click here.<p>Fox Business Channel Finder<p>Find the Fox Business Network in your area.

Business

Bankrupt Toys R Us' plan to pay executives multimillion-dollar bonuses 'defies logic and sense,' trustee says

• <b>The Department of Justice trustee assigned to Toys R Us' bankruptcy case has written a fiercely worded letter criticizing the retailer's plan to pay executives multimillion-dollar sums.</b>• <b><br>In a statement, Toys R Us defended the motion as "standard practice."</b>• <b><br>A final decision will be made in court in</b> …

Business

Bankrupt Crosseyes business returns under new guise

<b>Author:</b> Simon Jones <b><br>Published:</b><p>Days after filing for bankruptcy in Denmark, Crosseyes Aps founder Søren Møller has co-established a new Crosseyes …

Optometry

Closing malls and bankrupt stores: blame Wall Street predation for the 'retail apocalypse'

Liberal View

Bankrupt Toys "R" Us asks court to okay huge executive bonuses

Bankrupt retailer Toys "R" Us disclosed in court papers that it paid CEO David Brandon a $2.8 million retention bonus just before filing for Chapter …

Business

Online shopping goes to the next level in China .. with sale of jumbo jets

Two jumbo jets have been sold on China’s Alibaba’s e-commerce platform Taobao, it has emerged.<p>Russia Today are reporting the sale as the first time …

News (Ireland)

For public services and public sector staff this is a bankrupt budget

The chancellor shows no understanding about what makes housing, local government or other public services work<p>This is a bankrupt budget. Not in the strictly financial sense, though how much more threadbare core public services can become without collapsing and causing social mayhem the next few …

Sajid Javid

Crosseyes files for bankruptcy

<b>Author:</b> Simon Jones <b><br>Published:</b><p>Optical practice business owners face the prospect of losing tens of thousands of pounds after franchise Crosseyes filed …

Optometry

Beleaguered Takata Sells Bulk of Assets for $1.6 Billion

Much of the money to be used by bankrupt airbag maker to pay government penalty in fraud case.<p>Tech Deja Vu<p>Takata, the distressed Japanese airbag …

Takata

Jumbo sale: Two 747 jets auctioned on Chinese online platform

BEIJING: The sky seems to be the limit for Chinese online shopping portal Taobao, which auctioned off two Boeing 747 jumbo jets on Tuesday for nearly …

Alibaba Group