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Thursday, October 19, 2017
bankruptcy
Hillary Clinton Ohio Speech

#EndorseThis: Clinton Takes On Trump’s Business Record

“You know, when I was working on this speech, i had the same experience I had when I was working on the speech I gave about foreign policy and national security,” she said, before talking about Trump’s tax plan. “I’d have my researchers and my speechwriters send me information, and then I’d say, ‘Really? He really said that?’ And they’d send me all the background and the video clip… So here it goes.”

June 21, 2016
John Oliver forgives medical debt

#EndorseThis: John Oliver Forgives $15 Million Of Medical Debt On Air

Oliver and his shell company bought the debt, he said, for half a cent on the dollar, the result of the long and circuitous path of trading, bundling, and revaluing that debt undergoes as a traded commodity — the same process that makes aggressive collection of such debts so profitable.

June 6, 2016
U.S. Republican presidential candidate Donald Trump reacts as he is introduced during a campaign event in Concord, North Carolina March 7, 2016. REUTERS/Chris Keane

The Art Of The Inside Deal: How Regulators Rescued Trump

It was the beginning of Trump having to relinquish his stakes in a host of enterprises—and by 1991 the Trump Taj Mahal was in Chapter 11 bankruptcy, the first of what would become four business bankruptcies. He later sold stock in his casinos, where investors not only lost their shirts, but during the fourth bankruptcy case creditors successfully demanded that Trump get lost. These days Trump licenses his name for much of his revenue.

April 28, 2016
U.S. presidential hopeful Donald Trump speaks during a press availability at Trump Tower in New York

Donald Trump And The Art Of A Bad Deal

Over the next eight months, the American people may very well give a man who has no sense of his own limits control of an office from which to stage his most spectacular failure yet.

March 13, 2016
Republican U.S. presidential candidate Governor Chris Christie speaks during the Fox Business Network Republican presidential candidates debate in North Charleston

Christie Announces Atlantic City Takeover

Back from the campaign trail, New Jersey Gov. Chris Christie announced a plan Tuesday for the state to take control of Atlantic City’s finances.

January 27, 2016
Corinthian-Colleges-logo-jpg

Corinthian College Students Sort Through Confusion, Bureaucracy After Company’s Fall

Students are caught in an agonizing bind — transfer credits or apply for a federal loan discharge.

November 2, 2015
Donald Trump

5 Things To Remember About ‘The Donald’

For years Donald Trump has boasted about what a great president he would make, while never actually running for any elected office himself. That came to an end Tuesday. As he enters his first political campaign, here are five things from The Donald’s formidable career to keep in mind.

June 17, 2015

Morgan Quinn: 5 Ways Divorce Can Affect Your Credit Score

Divorces can get ugly — especially with joint debt and identity theft.

March 5, 2015
Orange barricades surround a newly paved section on Woodward Avenue for the new commuter light rail being constructed January 1, 2015 in Detroit, Michigan

New Hope And Old Woes As Detroit Exits Bankruptcy

Despite some big strides forward, Detroit still has a long way to travel on the road to recovery.

January 5, 2015

Detroit Emerges From Bankruptcy

Detroit’s historic bankruptcy is finally coming to an end.

December 10, 2014

Judge Approves Plan To End Detroit Bankruptcy

A federal judge Friday approved Detroit’s restructuring plan, effectively ending the nation’s largest-ever municipal bankruptcy.

November 7, 2014

Detroit’s Emergency Manager Says Settlement With Museum Avoided Costly Legal Fight

Find out what will become of Detroit’s world-class art collection.

October 2, 2014

Judge Forces Detroit Bankruptcy Foe To Name Its price: 75 Percent Of What’s Owed

By Nathan Bomey, Matt Helms and Tresa Baldas, Detroit Free Press DETROIT — Detroit’s most vociferous bankruptcy opponent said Wednesday the city cannot legally justify treating pensioners better than financial creditors and said it wants to be paid 75 percent of what it’s owed. In a dynamic exchange, Bankruptcy Judge Steven Rhodes demanded that Marc […]

September 3, 2014

Investors Offer $4B Loan To Bankrupt Detroit With Art Museum As Collateral

By Nathan Bomey, Detroit Free Press DETROIT — An investor group offered to loan the City of Detroit as much as $4 billion — up from a $2 billion offer in April — to help the city pay off creditors, reinvest in services and emerge from Chapter 9 bankruptcy. But the deal would require the city to […]

August 27, 2014

A Year Into Detroit’s Bankruptcy, Many Residents Still Feel Abandoned

By Alana Semuels, Los Angeles Times DETROIT — In the year since this city filed for bankruptcy, becoming the largest municipality ever to do so, leaders have adopted a more optimistic tone about the future, pledging to fix streetlights and attract new residents and jobs. But Eric Byrd isn’t buying it. “No change round here […]

July 17, 2014

Detroit Automakers Pledge $26 Million To Protect City Pensions, Art

By Matt Helms and Mark Stryker, Detroit Free Press DETROIT — Saying the fate of the Detroit Institute of Arts and easing pension cuts in Detroit’s bankruptcy are critical to the city’s future, representatives of Detroit’s three automakers on Monday committed $26 million to the grand bargain on which much of the city’s exit from […]

June 9, 2014

$85 Million Swaps Settlement Opens Door For Quicker Detroit Bankruptcy Exit

By Nathan Bomey and Matt Helms, Detroit Free Press DETROIT — Judge Steven Rhodes on Friday approved a settlement between Detroit and two global banks over a disastrous financial bet engineered by former Mayor Kwame Kilpatrick’s administration. Rhodes — who had rejected two previous settlements as too generous for UBS and Bank of America — ruled […]

April 11, 2014

Struggling Sbarro Files For Chapter 11 Bankruptcy

By Lisa Du, Newsday MELVILLE, N.Y. — Sbarro LLC, the Melville-based pizza chain ubiquitous in mall food courts, filed Monday for bankruptcy protection for the second time in less than three years. In a news release, Sbarro said the Chapter 11 filing is designed for a quick exit from bankruptcy as the company’s management embarks […]

March 10, 2014

Read A Book, Change A Life

It’s hotter than Dante’s nine rings of hell outside. Crank up the fans, and pass the pile of books. Most of us have triggers for childhood memories. These dog days of summer do it for me. During the precious weeks of summer vacation, I’d pedal my bike back and forth to the library in a […]

July 20, 2011

Greek Government Near Ruin As Rest Of Europe Stalls

The greatest empire in the history of the world, now a debt-ridden Mediterranean country, faced despair and bankruptcy on Monday as its government awaited a vote of no-confidence and the European Union dragged its feet on delivering aid.

June 20, 2011