Liquidation

PROVIDENCE, R.I. (AP) — Wary of tax increases, weary of layoffs and determined to avoid bankruptcy, Providence Mayor Angel Taveras had only to gaze up at his city’s Ivy League campus to see a way out of the morass. On College Hill sits Brown ...

Miami-based Faro Bancorp, the parent company of Security Bank, filed for Chapter 7 liquidation. Its bankruptcy attorney, David Softness, couldn't immediately be reached for comment. Of the 59 individuals and companies identified as Faro Bancorp ...

May 7 (Reuters) - American Airlines, which is being eyed by rival US Airways Group for possible takeover, plans to boost international flying and increase U.S. codeshares under a plan to emerge from Chapter 11 bankruptcy protection. American ...

Arcapita Bank BSC, an Islamic- compliant fund manager overseeing about $7 billion in investments, won permission to pay employees and business partners after making changes to comply with the demands of creditors. U.S. Bankruptcy Judge Sean Lane ...

NEW YORK -- This year, hundreds of thousands of Americans are expected to be too broke to file for bankruptcy. The average cost to file for Chapter 7 bankruptcy protection, the most common form of consumer bankruptcy, is more than $1,500 ...