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In the past few weeks, it has declared a fiscal emergency and begun preparing for a bankruptcy filing, revealing a $45.8 million shortfall for the budget year that began this month. The timing of the proposal to suspend debt payments surprised ...

Compton's new city manager sought to assure the public Tuesday that the financially troubled city is not planning to file for bankruptcy, but it may hire L.A. County to do a forensic audit to put allegations of fraud to rest. "The rumors of the ...

based Crown Realty & Development Inc. and owners of the former resort, each filed separate Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Arizona on June 19, according to court records obtained by the Phoenix Business Journal.

July 24 (Reuters) - Bondholders have appealed a federal judge's decision to approve Tribune Co's bankruptcy reorganization plan, which would give ownership of the media company to its senior lenders. The appeals were filed with the U.S ...

A federal agency is asking Congress to consider letting people wipe out some of their student debt by filing for bankruptcy protection. Consumer advocates, however, say the move will do little to help the vast majority of families struggling with college loans.