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Berkshire Hathaway, the investment company run by Warren Buffett, has offered to buy the mortgage servicing business and loan portfolio of Residential Capital, the home lender that filed for bankruptcy with significant debts to Berkshire. ResCap ...

Reporting from court filings, Chicago Tribune reporter Michael Oneal put Tribune ... According to Oneal, who has been monitoring the ailing company’s vitals since before its bankruptcy, Tribune isn’t so sick that it must sell off all its parts immediately.

June 11 (Reuters) - Allied Systems Holdings Inc, which hauls cars and trucks to dealers from manufacturers and is majority-owned by private equity firm Yucaipa Cos, put itself into bankruptcy protection, less than one month after facing an ...

Under a proposed sale agreement with ResCap, Fortress would be the initial bidder at an auction overseen by the bankruptcy court. Should Fortress lose the auction, it would be entitled to a $72 million breakup fee and $10 million in expense ...

A bankruptcy attorney can help a person decide whether Chapter 13 or Chapter 7 will work for them. Under the terms of a Chapter 13 bankruptcy plan, the filer must have a regular income. This is a type of repayment plan that both the creditor and ...