Major movie company MGM has filed a pre-packaged
bankruptcy in New York. MGM has said that it will only be in bankruptcy a
short while, 30 days or so. "Under the terms of the deal, major lenders
Credit Suisse and JPMorgan ( JPM , Fortune 500 ...
Just when you thought that you had heard it
all.... A debt collection agency in Pennsylvania has been accused by
that state's Attorney General of staging fake trials with a fake judge in a
fake courtroom against people who allegedly owed debt....
Sagging under the weight of 43 million dollars in debt,
the Crystal Cathedral has filed for chapter 11 bankruptcy
(reorganization). The filing marks the economic downturn's invasion into
the mega church arena. Over the years, small churches have...
The question is: is this good politics or good legal
practice... or both I suppose. "The attorneys general of all 50 U.S. states
announced Wednesday that they are joining to probe mortgage loan servicers who
are accused of submitting false affidavits...
A couple who filed bankruptcy in 2004 have been charged with
hiding assets and money laundering and income tax avoidance. But that may
only be part of their trouble. Federal agents have seized over 5 million
dollars in cash from their home in Colleyville...
Many of us with kids of a certain age know the
Friday night ritual: take the kids to Blockbuster to rent a movie.
That era may be going away as companies find that they no longer need expensive
bricks and mortar stores to rent movies. Next up for...
In an effort to avoid a contentious battle with the
Senate, President Obama announced today that Professor Elizabeth Warren would
be appointed as a special advisor to the newly created Consumer Protection
Bureau. As head of the investigation into how...