Newsroom Headlines

  February 5, 2010 Hedge Funds, Bankruptcy Judges Spar over Disclosure Hedge funds will defend their coveted secrecy against bankruptcy judges who want more information about their economic interests

  February 4, 2010 More Firms Opt for Chapter 11 as Total Business Filings Drop    The number of businesses seeking chapter 11 protection in January increased nearly 22 percent from December 2009, but

  February 3, 2010 As Values Drop, More Homeowners Walk Away New research suggests that when a home ’ s value falls below 75 percent of the amount owed on the mortgage, the owner starts to think hard

  February 2, 2010 January Consumer Bankruptcy Filings Decrease 10 Percent from December The 102,254 consumer bankruptcies filed in January represented a 10 percent decrease nationwide from the 113

  February 1, 2010 Borders Bookstore Group Faces Bleak Future With dismal holiday sales, sagging shares, loan deadlines, layoffs and the resignation of its most recent CEO, Ron Marshall, Borders Group

  January 29, 2010 Treasury Streamlines Its Mortgage Relief Program Borrowers seeking to improve their mortgages through a government program will soon find the paperwork a little less cumbersome as

  January 28, 2010 Bill Aims to Add Bankruptcy Judges  With bankruptcy courts facing a mounting stack of increasingly complex cases, the U.S. House of Representatives is considering a bill that would

  January 27, 2010 Colonial BancGroup Cleared to Tap Cash Collateral Colonial BancGroup Inc. has won court approval to use cash collateral to fund the costs of its bankruptcy case, the Deal Pipeline

  January 26, 2010 Philadelphia Orchestra Considers Financial Restructuring Options Officials for the Philadelphia Orchestra are considering options for the symphony and theater operator that may

  January 25, 2010 Judge Approves Gottschalks' Liquidation Plan  Former department store chain Gottschalks Inc. has received approval for its liquidation plan, which will give its unsecured creditors