Bankruptcy

Recent Articles

Houghton Mifflin Harcourt Files for Bankruptcy

Houghton Mifflin Harcourt, the Boston-bashed publishing company filed for Chapter 11 bankruptcy Monday. The move was part of a deal made with its creditors. More 

Ally Financial’s ResCap: A Smart Bankruptcy

The welcome move, plus asset sales, will free Ally from its subprime mortgage burden and help pay back Uncle Sam. More 

LightSquared Seeks Bankruptcy Protection

LightSquared has filed for bankruptcy protection, but will continue to seek FCC approval for its 4G wireless network. More 

Ally Financial’s Mortgage Unit Files Chapter 11

Ally Financial's floundering mortgage subsidiary, Residential Capital, will file for Chapter 11 bankruptcy. More 

Betsey Johnson LLC Goes Broke

Known for quirky, edgy designs that broadly appeal to teens, it cites "severe liquidity problems" and debt of $4.1 million. But the brand will live on. More 

A High-Flying IPO That’s Doomed to Crash

Mattress Firm had the best-performing IPO of the past year. Here's why it's a bankruptcy in the making. More 

LightSquared Considers Bankruptcy Options

After the FCC refuses permission for its wireless network, LightSquared faces some hard choices, including bankruptcy. More