Dec 3, 2013 — The largest municipal bankruptcy in U.S. history took a step forward Tuesday when a judge said the city can go forward with its Chapter 9 bankruptcy case. Now a manager will work to cut pension costs and make deals with creditors. Detroit is $18.5 billion in debt.
Jul 19, 2013 — The lights will remain on and city services should continue, says Michigan Gov. Rick Snyder. But the filing sets in motion what could be a years-long process to resolve the bankruptcy case.
Feb 18, 2013 — The venerable magazine's parent company has filed for bankruptcy protection for the second time in less than four years. RDA Holding says it plans to emerge from Chapter 11 in less than six months. The magazine will continue to be published during the period.
Nov 16, 2012 — Already in bankruptcy protection, the company has also been dealing with a nationwide strike. It says it can't go on. So 18,500 jobs are being eliminated. And some iconic taste treats may soon be scarce.
Aug 1, 2012 — And he live-tweeted it. "Bought this back, just to give it away!"
Jun 5, 2012 — A bankruptcy judge has ruled that the pension fund of a small U.S. territory is a "governmental unit" and therefore not eligible to file Chapter 11 bankruptcy.
May 29, 2012 — States have promised their employees sweet retirement benefits, but haven't set aside enough money. Now, one public pension fund has filed for bankruptcy.
May 24, 2012 — The public pension fund of a U.S. territory in the Pacific Ocean recently filed for bankruptcy. If the case is allowed to proceed, it could have major implications for retirees all across the U.S.
Feb 2, 2012 — The bankrupt airline wants a federal agency to assume responsibility for its pension promises.
Feb 1, 2012 — The company, now in bankruptcy protection, would eliminate as many as 16 percent of its jobs. "But we will also preserve tens of thousands of jobs that would have been lost if we had not embarked on this path," CEO Tom Horton says.