Fillings

LightSquared, Philip Falcone’s telecom start-up company, is reportedly close to bankruptcy, unless they can reach an agreement with creditors on a defaulted $1.6  billion loan. The Chicago Tribune reports that the hedge fund manager is having ...

Bankruptcy filings in the Washington region fell through the first four months of 2012, reflecting a nationwide trend of families and businesses appearing to get on more stable financial footing, according to the American Bankruptcy Institute. There were a ...

NEW YORK (Reuters) - Ally Financial Inc's Residential Capital unit is nearing a bankruptcy filing, sources familiar with the situation said on Sunday, in a move that could help the taxpayer-owned auto lender to shed its troubled mortgage ...

May 13 (Reuters) - Philip Falcone's telecom start-up LightSquared edged closer to a bankruptcy filing on Sunday as the hedge fund manager was far from an agreement with creditors, sources familiar with the matter said. Falcone has until Monday ...

Negotiations between LightSquared and its lenders remained "far apart" over the weekend, leaving the beleaguered would-be data carrier likely to file for bankruptcy protection Monday, The Wall Street Journal reported Sunday, citing anonymous sources ...