News

A former MF Global Holdings Ltd. (OTN:MFGLQ) employee is expected to appear before a U.S. House subcommittee next week to answer questions about the transfers of millions of dollars before the failed broker-dealer's bankruptcy filing.

The company also filed court papers with the U.S. Bankruptcy Court in Wilmington, Delaware, on March 19 listing more than $1 billion in assets and debt. It asked the court to recognize the Japanese case as the main bankruptcy proceeding.

While some debate whether to save or spend their tax refunds, others are just waiting on the money so they can go totally broke. New research from economists at the University of Chicago Booth School of Business reveals that bankruptcy filings ...

The issue: It costs money to file for bankruptcy and many Americans could not afford to pay the average of $1,477 in fees necessary, write economists Tal Gross, Matthew Notowidigdo, and Jialan Wan. Total bankruptcies rose 7 percent in 2008 after ...

Ahern has until April to present a reorganization plan after filing for bankruptcy in December. With the deadline approaching, Ahern Rentals’s $236.7 million of 9.25 percent second-lien notes are soaring as speculation mounts that Gores’s ...