Commercial bankruptcies rose 52 percent in 2009

Commercial bankruptcy protection filings rose by more than 50 percent last year, according to data filed Thursday, showing how the recession continued to cull businesses even as the economy stabilized.

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Bankruptcy filings sharply increase in Louisiana

Sharply higher numbers of people and businesses in Louisiana sought refuge from debt in federal bankruptcy court, crippled by the housing collapse, credit cards and sharply lower retail sales.

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A look at the top 10 US bankruptcies

CIT Group's filing for Chapter 11 protection is the fifth-largest in U.S. history. Here are the top 10 U.S. bankruptcy filings, based on the companies' most recent annual report before filing for bankruptcy protection, according to BankruptcyData.com.

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Canadian bankruptcies soar 47 percent

The number of Canadian consumers and businesses going bankrupt soared nearly 47 percent in December.

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Retailers who have filed for bankruptcy protection

The fallout from the miserable holiday season is in full swing, and experts expect even more retailers to file for bankruptcy or just liquidate in coming months as consumers keep tight control of their spending because of job worries and dwindling retirement accounts.

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British bankruptcies increase in 3Q

The number of British people petitioning for bankruptcy jumped 7 percent in the third quarter, while company failures rose 13 percent, as the financial crisis hiked the cost of loans, Britain's Ministry of Justice reported Friday.

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British bankruptcies jump 9.5 percent in 3Q

Individual bankruptcies in Britain jumped 9.5 percent in the third quarter from last year, while company insolvencies rose a stunning 26 percent as the financial crisis hiked the cost of loans, official figures showed Friday.

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Analysts blame easy credit for restaurant woes

Restaurant companies may have depended too much on easy-to-borrow money to back aggressive expansion plans, industry experts say — a move that may lead to more bankrupt chains and fewer new eateries opening in the months to come.

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Two Gift Retailers File for Bankruptcy

A weak holiday season and a struggling economy led retailers Sharper Image Corp. and Lillian Vernon Corp. to file for bankruptcy this week, and analysts predict others could soon follow them as consumer spending worsens.

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Financial markets have eased, the economy is in recovery, and job losses are shrinking. Economic policy now has two challenges: ensuring strong job growth and securing durable economic growth. These goals are intertwined.

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Next month, the bankrupt restaurant Tavern on the Green& its famous treasures will be up for sale to the highest bidder.

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Sometimes it pays to watch CSPAN. I wish I could have heard the whole thing.

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This article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.

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Bankruptcies, which have steadily climbed in Massachusetts over the past two years, showed an unexpected decline last quarter.

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Despite signs of broader economic recovery, number of foreclosure filings hit a record high in the third quarter - a sign the plague is still spreading.

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The bailed-out US carmaker General Motors has seen its market share "stabilise" and is aiming to shed government support by rejoining the stockmarket in the second half of 2010, slimmed down by the sale of brands including Vauxhall, Opel, Saab and Hummer.

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Bankruptcies and Foreclosures constitute a money-spinning operation for the financial giants.

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Want to know why we need less government programs, and not more. Watch this clock for about 10 minutes, It will scare the heck out of you. Stop the madness!

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After all, if the purpose of health insurance is to mitigate the financial consequences of catastrophic illness or injury, the current level of medical bankruptcy shows that having such "insurance" is, for many Americans, anything but.

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Auto parts suppliers face possible bankruptcies "due to long shutdowns at Chrysler and General Motors."

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"The General Motors and Chrysler bankruptcies" will affect "lawsuits from hundreds of consumers over injuries allegedly caused by vehicle defects."

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Washington - Medical bills are behind more than 60 percent of U.S. personal bankruptcies, U.S. researchers reported on Thursday in a report they said demonstrates that healthcare reform is on the wrong track.

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Medical bills are involved in more than 60 percent of U.S. personal bankruptcies, an increase of 50 percent in just six years, U.S. researchers reported on Thursday.

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U.S. business bankruptcy filings jumped 40 percent in May from a year ago as the sluggish U.S. economy pushed more businesses into the red, a bankruptcy data provider said on Tuesday.

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CARSON CITY, Nev. — Nevada's casino regulators are forming a team of securities experts, auditors and staffers to handle possible bankruptcies and debt restructurings in the gambling industry.

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President Obama's kicking off his health care reform today in the worst possible way: with a mischaracterization of data.

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Fannie Mae seeks $15.2B in US aid after 4Q loss Fannie Mae seeks $15.2 billion in government aid after posting $25.2 billion 4th-quarter loss * Alan Zibel, AP Real Estate Writer * Thursday February 26, 2009, 7:12 pm EST * Yahoo! Buzz * Print

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With hundreds of thousands of Americans out of work and the economy in a nosedive, the U.S. peanut industry expected sales to soar this year.

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A bankruptcy filing by General Motors Corp. or Chrysler LLC might send the U.S. economy into chaos within weeks if it led to a shutdown at the companies.

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President-elect Barack Obama is pushing Congress this year to approve as much as $50 billion to save cash-starved U.S. automakers and appoint a czar or board to oversee the companies, a move that would require President George W.

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"The regulators should investigate themselves for bailing out Fannie Mae (FNM.N) and Freddie Mac (FRE.N), the creditors of Bear Stearns and the financial system with new lending facilities. They have swapped U.S. Treasury bonds for toxic securities," he told Barron's.

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The avalanche of bankruptcies has begun. Six US companies of substance have defaulted on bonds over the past fortnight, against 17 for the whole of last year.

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If a proposed bankruptcy provision becomes law, as it should, lenders will have a powerful incentive to modify troubled loans voluntarily.

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Managers won't get $87 million for exiting bankruptcy.

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