Bankruptcy Blogs

"The Supreme Court ruled Thursday that a bankruptcy court incorrectly granted Anna Nicole Smith over $400 million from the estate of her oil magnate husband J. Howard Marshall. In the 5-4 decision, the nation's highest court held that the US...

Financial education should not be something nice banks do for the kids, but something smart they do for their shareholders. Otherwise the recent drumbeat of negative stereotypes will drive this generation away from mainstream financial institutions.

Creditors have pulled the plug on Norway electric-car maker Think Global AS.

Think, which was once property of Ford Motor Co., filed for a form of bankruptcy in its home country and will have a court-appointed trustee take over management of the company, a Think spokeswoman confirmed.

“Think filed for bankruptcy after failing to attract adequate capital to continue funding operations,” U.S.-based spokeswoman Debra Salem said in a statement Thursday.

One of the most stressful aspects of being in debt is the constant phone calls from creditors, especially when those calls come at inopportune times (such as late at night) or at inopportune places (such as at your job). To make matters worse, occasionally these calls can be harassing or even abusive in nature. On [...]

A judge on Wednesday gave Borders Group Inc. the go-ahead on an aggressive schedule that the bookseller hopes will result in a bidder for its remaining assets emerging by July 1 and a transaction closing by the end of July, as the bookseller looks to keep at least some of its remaining locations in business. Read the Daily Bankruptcy Review story here.