Liquidation

May 14 (Reuters) - LightSquared Inc, the startup telecommunications company bankrolled by hedge fund manager Philip Falcone, is expected to file for bankruptcy protection in the next hours, sources familiar with the matter said. Falcone has ...

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's spending and lifestyle, but she's far from alone in ...

ResCap’s initial bankruptcy filings also list the company’s largest unsecured creditors, a group that includes a number of bondholders, pension funds and other institutional investors. The company listed assets of $15.7 billion and debts of ...

In the filing with the U.S. Bankruptcy Court in New York, ResCap lists $15.7 billion in assets and $15.3 billion in debt. The filing says ResCap has reached a deal for companies funded by private equity firm Fortress Investment Group to buy ...

Bankruptcy would last 12 to 18 months and trigger billions ... Assets at ResCap, once one of the largest subprime mortgage originators, dwindled to $15.7 billion at the end of the first quarter from more than $130 billion in 2006.