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Facing a mounting budget deficit and dwindling tax revenue, the San Bernardino City Council on Tuesday is scheduled to consider drastic budget cuts, possibly filing for bankruptcy, to save the city from financial ruin. The city’s fiscal crisis ...

He said the company, working with its creditors, will soon reach out to "interested parties." That wasn't Horton's attitude when AMR filed for Chapter 11 protection in November. For months, he insisted that the company should delay any merger talk until it ...

(Reuters) - Peregrine Financial Group Inc, the regulated unit of the brokerage PFGBest, has filed to liquidate under Chapter 7 of the U.S. bankruptcy code, a court filing shows. Tuesday's filing with the U.S. bankruptcy court shows that ...

On December 5, 2008, the Lehman Brothers bankruptcy was converted from a Chapter 11 to a Chapter 7 case, and the U.S. Bankruptcy Court for the District of Connecticut appointed Daly trustee of the estate. As trustee, Daly was responsible for closing the ...

According to a filing by Ocala with the U.S. bankruptcy court in Jacksonville ... which the federal government seized on September 7, 2008 amid mounting losses from mortgages and the U.S. housing slump. An FHFA spokeswoman declined immediate ...