News

The Company has secured commitments from Macquarie Bank Limited for $70 million in debtor-in-possession financing to fund, among other things, the Company's working capital needs while in Chapter 11, and $50 million in exit financing to be ...

Since then, bankruptcy filings eased off: 58,673 in 2010 and 58,195 in 2011. But now the direction has changed—and worse, it is threatening a lot more jobs. Bankruptcy filings aren’t a clean measure, like GDP which is adjusted and groomed and ...

Roxbury’s historic Charles Street AME Church — which filed Chapter 11 recently to avoid foreclosure — might not have the right to bankruptcy protection at all, the congregation’s lender claims. Boston’s OneUnited Bank argues in court papers that ...

I literally hit rock bottom. I did something that I told myself I would never do. I filed for Chapter 7 Bankruptcy. I was one of the lucky ones who didn't have to meet with the creditors during the court date I was scheduled for. I was relieved ...

Seven Falls was a planned high-end golf course development to be built on 1,400 acres that ended up in bankruptcy court in 2009. Henderson County is currently involved in litigation to recover about $6 million from an improvement guarantee.