Liquidation

This week on The Broke and the Beautiful, Westlife singer Shane Filan is crooning the bankruptcy blues, and Stephen Baldwin lost a lawsuit against fellow actor Kevin Costner. Also, Curt Schilling was sued personally for $2.4 million over a loan from Citizens Bank to his failed videogame company.

WILMINGTON, Del. (AP) — A California-based solar panel manufacturer that received a half-billion dollar loan from the federal government before filing for bankruptcy protection is close to filing a proposal for what to do next. An attorney for Solyndra ...

The trustee unwinding the brokerage of MF Global Holdings Ltd. struck a deal with CME Group Inc. that will see the futures-exchange operator turn over about $130 million in property that will go to former customers of the collapsed firm. Read the Daily Bankruptcy Review article via The Wall Street Journal.

It is important to note that filing for bankruptcy is a very serious matter and should not be taken lightly. In order to qualify, one must use the means test, it is used by courts to determine eligibility for Chapter 7 or your payment plan in a Chapter 13 bankruptcy.

Austin startup NanoTailor Inc., which received an Emerging Technology Fund award two years ago, filed for Chapter 7 bankruptcy last month after the state cut off money tied to reaching goals not outlined in the original contract, the company's ...