bankruptcy

The largest industrial bankruptcy in history took place on June 1, 2009. GM came to court with $82 billion in assets and $173 billion in liabilities.

The big difference is that it would take longer for Detroit to go bankrupt than Bozeman, Belgrade or Livingston.

DETROIT (AP) — Detroit's state-appointed emergency manager says that a month before the city filed for bankruptcy he thought it could be avoided but only with concessions from creditors that never came.

Do not think that putting property in someone else's name will protect it from being taken in a bankruptcy. The court can go back four years and disallow any property swap or re-titling of the property.

Bankruptcy attorney Stuart Whitehair and credit counselor Beverly Johnson will join Tom this coming Saturday, August 11 - Noon to 2 PM Mountain Time — to talk about bankruptcy laws.

If you want to capture a Kodak moment, you may need to be in bankruptcy court to do it these days — the iconic photography company filed for Chapter 11 protection on Wednesday.

When Marie Callender's declared bankruptcy this week, they weren't kidding around. The chain shut the doors on 64 of its 600 restaurants around the country, and shut them with such haste that anybody who happened to be enjoying one of its signature homestyle meals in one of the doomed locations was told to put down their fork and exit the premises.