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On the same call, the company’s board finalized the decision to file for Chapter 11 the next morning. Horton says he got little sleep, knowing he would have to explain the move to thousands of investors, employees, business partners and reporters.

It took Thomas W. Horton 26 years to reach the corner office, but the promotion came with a catch: His company was going into bankruptcy protection. Horton was elevated from president to CEO of American Airlines parent AMR Corp. on a late-night phone call ...

2012-03-26 22:50:43 - It's nothing new that a brokerage firm goes bankruptcy, however in the case of the MF Global scandal, what is surprising is how the bankruptcy was handled. If you were an investor and have suffered MF Global losses, you may find this ...

Blue Springs Ford Sales Inc. is seeking bankruptcy protection to forestall payment on a $2 million verdict for selling a rebuilt wreck. The dealership filed a petition for Chapter 11 reorganization in Delaware on March 21. The case has been ...

In a filing made late Friday, the bankruptcy court has ordered the creation of a committee of AMR retirees as part of the company's restructuring proceedings. The court said the committee will have unionized and non-unionized employees and it is ...