Spanish appliance maker Fagor Electrodomesticos filed for bankruptcy protection Wednesday, The Wall Street Journal reports.
The Chapter 9 bankruptcy case of Stockton, California has come to an unexpectedly quick and consensual resolution. The outcome here, which will see the city’s pension obligations maintained, is particularly surprising given the vehement opposition of Stockton’s bond insurers at the outset of the case.
Municipal bond insurers are accusing Detroit of illegally spending certain tax
The team winding down what is left of Lehman Brothers Holdings Inc.
Simply Wheelz LLC, which does business as Advantage Rent A Car, filed for Chapter 11 protection Tuesday, months after its spinoff from Hertz Corp. Read the Daily Bankruptcy Review article here.
