Liquidation

Then the plate tectonics of the massive bank that controls their fate shifted. Ally Financial, formerly GMAC, filed Chapter 11 bankruptcy for its troubled Residential Capital mortgage unit last Monday. Ally owes taxpayers roughly $12 billion in bailout ...

But there were no bankruptcy court judges or rules on credit seniority ... which owns 16 percent of Helon via its investment arm and is its biggest shareholder, has committed 1.7 billion yuan in loan guarantees, payments to contracted management ...

The thought of filing for bankruptcy strikes fear into the hearts of most people who have to consider it. However, if you are drowning in debt and can see no farther than the next pile of bills or calls from your creditors, it can be a real... PRLog (Press ...

The wife of former NASCAR driver Jeremy Mayfield has filed for Chapter 7 bankruptcy, which will allow the couple to stay in their home in Catawba County. The Hickory Daily Record reports that Shana Mayfield filed for bankruptcy protection in U.S ...

Bankruptcy is the last lifeline for consumers facing insurmountable debts, but it still comes at a price. Between 200,000 and one million American consumers are estimated to be unable to afford the cost of filing for Chapter 7 bankruptcy, according to new ...