American Media Files Bankruptcy »
American Media Inc. the parent company of world famous tabloids the National Enquirer and the Star, has filed for Chapter 11 bankruptcy in a New York court. The papers reportedly state that American Media has liabilities anywhere between $500 million and $1 billion with less than $50,000 in actual assets.
The company has stated that around [...]
Trapped Chile Miners, Company Bankrupt »
Thirty three miners in Chile are clinging to hope as the company that owns the mine that they are stuck in is in preparations to file for bankruptcy. The San Esteban mining company has turned over the rescue plan to a state owned mining company as they no longer have the money to support the [...]
Duchess of York, Bankrupt? »
It appears that the debt gained by the Duchess of York is twice what media had said when it was first revealed that the Duchess was trying to sell opportunities to tabloid reports to have access to her husband. The debts are both personal and business related and in both the UK and US.
At least [...]
Bankruptcy Rise as Trends Reverse »
According to the American Bankruptcy Institute, more Americans filed bankruptcy in July than in the last three months when trends had those filings falling. This reverse in trends seems to be a highlight of the continuing financial struggles most consumers have been seeing over the last few years.
With a 9% increase in personal bankruptcy claims [...]
Bankruptcy for Mexicana Airlines »
The largest foreign carrier out of Los Angeles International Airport, Mexicana Airlines, has declared that high labor costs is to blame for its financial situation and filed for bankruptcy protection in both the US and Mexico.
Mexicana Airlines is the largest airline company in Mexico and made an announcement that it is suspending 31 flights across [...]
Bankruptcy Up in Utah »
People filing for bankruptcy in Utah have hit a high mark of 31 percent from just a year ago. These filings come as more and more people are finding it difficult to find work and the continuing housing slump that is in the area. There are also statements saying that too many people are seeking [...]
Objections to Ranger’s Bankruptcy »
Alex Rodriguez, former Texas Rangers and current Yankees third baseman, has filed an objection to the bankruptcy plans of his former team, the Texas Rangers. The objection comes as Rodriguez feels he may not see the $24.9 million that is still owed to him in deferred compensation.
Rodriguez is not the only player that is listed [...]
American Safety Razor Files Bankruptcy »
The American Safety Razor Company has filed for bankruptcy and plans to sell off to its lenders unless an offer comes along for the company during a September auction. The company has produced shavers and surgical blades since its inception in 1875.
American Safety Razor has blamed its losses on the ever increasing amount of competitors [...]
Filing Bankruptcy is a Fresh Start for Giudice »
Teresa Giudice, Real Housewives of New Jersey star, has come out and admitted that it isn’t the easiest thing in the world to file for bankruptcy. Teresa and her husband filed for bankruptcy in October 2009 when they faced a massive debt of $11 million from failed real estate ventures.
Teresa and Joe celebrated their final [...]
