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WILMINGTON, Del. — The Los Angeles Dodgers completed their $2 billion sale to a group including Guggenheim Partners and its top executive Mark Walter and ex-basketball player Magic Johnson, allowing the team to exit bankruptcy. The deal became final ...

(Reuters) - The Los Angeles Dodgers' $2 billion sale creates a new game plan for loss-making sports teams hoping to command top dollar -- file for Chapter 11. The deal, sealed on Tuesday, saw the team sold to a consortium including basketball legend Earvin ...

Filing for Chapter 7 protection in bankruptcy court will allow officials to liquidate Suleman’s assets to pay off creditors, which normally is good news for owed institutions. Unfortunately for her private school, her landlord and her father ...

U.S. bankruptcy law permits debtors-in-possession and trustees to sell assets free and clear of claims, liens and other interests. But a federal judge in New York ruled recently that a purchaser does not necessarily buy free and clear when a product ...

That becomes a default May 17. If ResCap files for bankruptcy, Ally's $399 million ResCap investment likely would be worthless. Ally would also face substantial litigation costs. The company estimates its losses from a ResCap bankruptcy at $400 ...