Cyprus banks to remain closed another two days

Last Updated: Wednesday, March 20, 2013, 21:10

Cyprus` banks will remain closed Thursday and Friday as officials try to find a new plan to stave off bankruptcy.

Involuntary bankruptcy case against Trinity Coal filed

Last Updated: Wednesday, February 27, 2013, 12:43

The involuntary bankruptcy case against Trinity Coal, which was acquired by the Essar group in 2010 for USD 600 million, was filed in a US Bankruptcy Court in Lexington, Kentucky last week, as per the publicly available documents.

Hopeful of emerging out of bankruptcy 2013 end: Kodak

Last Updated: Monday, February 25, 2013, 20:26

Kodak filed for Chapter 11 bankruptcy protection in the US, which gives companies time to re-organise debt and sell parts of their business, in January 2012.

Reader's Digest parent company files for bankruptcy for 2nd time

Last Updated: Tuesday, February 19, 2013, 13:21

This is for the second time the company filed for bankruptcy protection since 2009.

US postal service could be 'stamped out'

Last Updated: Thursday, November 29, 2012, 09:34

The US Postal Service (USPS), which predates the US itself, is careening toward bankruptcy in the wake of a record USD 15.9 billion loss this year that has ignited fierce debate over the government's role in preserving an iconic American institution.

Bye-bye Twinkies: Iconic US bakery to close

Last Updated: Saturday, November 17, 2012, 18:30

The 82-year-old company blamed the shutdown on a nationwide strike by thousands of members of the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union that began last week.

CSI actor Gary Dourdan files for bankruptcy

Last Updated: Wednesday, November 14, 2012, 10:43

Former CSI star Gary Dourdan has filed for bankruptcy.

Experts warn of global `water bankruptcy`

Last Updated: Monday, September 24, 2012, 14:31

Experts have sounded warning bells on `water bankruptcy` for many regions, after conducting a 20-year review of 200 major global projects.

Court approves Kodak's bid to sell patents

Last Updated: Tuesday, July 3, 2012, 16:10

The patents are part of Kodak's digital-capture portfolio for devices like digital cameras, smartphones, and tablets.

`Octomom` Nadya Suleman’s bankruptcy case dismissed

Last Updated: Wednesday, May 16, 2012, 14:52

Nadya Suleman attempted to file for Chapter seven – the most serious form of bankruptcy on April 30, but her papers have been rejected.

Lehman exits bankruptcy to repay debt and vanish

Last Updated: Wednesday, March 7, 2012, 09:07

The debtors of Lehman Brothers, whose stunning collapse in 2008 sparked global financial panic, emerged from a record bankruptcy today in a step toward the final chapter for the once-powerful Wall Street investment bank.

Falcone rules out LightSquared bankruptcy, problems persist

Last Updated: Thursday, February 16, 2012, 09:46

Hedge fund manager Philip Falcone is ruling out a bankruptcy filing for his telecom startup LightSquared Inc even as sources familiar with the matter said the company was seeking restructuring advice.