Liquidation

Tribune, valued earlier this year by the company at more than $7 billion, owes creditors about $13 billion. Gary Weitman, a Tribune spokesman, wasn’t immediately available to comment on the filing. The bankruptcy case is In re Tribune Co., 08 ...

The U.S. Supreme Court began the process of weighing in on one of the hottest issues in corporate bankruptcy Monday, casting harsh eyes on a hotel owner’s attempt to block its secured lender from using debt as currency in a bankruptcy auction. Read the Daily Bankruptcy Review article here.

The firm's bankruptcy led the U.S. government to lose a $2.3 billion ... shares to trade near tangible book value," they wrote. CIT's shares, which fell 7.1 percent over the past 12 months, are up 12.4 percent this year, compared with an 8.7 ...

In March, 1,529 Orange County individuals and businesses filed for bankruptcy, down 18.7% from a year ago but the highest number in seven months, according to data from the Central District of the U.S. Bankruptcy Court. The monthly filings had ...

A white knight may ride to the rescue of Twinkies. Private-equity firm KPS Capital Partners is one of three investor groups bidding to buy Twinkies maker Hostess Brands out of bankruptcy, The Post has learned. Second-round bids for Hostess, which also ...