Mansion Foreclosure- Trump buys driveway
Patricia Kluge won a divorce settlement in 1990 (or thereabout) worth more than $100 million. She declared personal bankruptcy in June 2011. Donald Trump has been buying many parts of her Virginia...
View ArticleLos Angeles Dodgers File Bankruptcy
Frank McCourt, owner of the Los Angeles Dodgers, placed the ball club into bankruptcy protection (Chapter 11) on Monday, June 27, 2011.
View ArticleCentral Falls, RI Files for Bankruptcy
Central Falls, Rhode Island filed for bankruptcy on Monday, August 1, 2011. It is the second local government in the country to file for bankruptcy protection this year. The other local government...
View ArticleBankruptcy Watch List: Jefferson County, AL
Jefferson County, AL is considering bankruptcy because of a huge amount (over $3 billion) of sewer debt. Officials have been in talks with sewer bondholders. The Jefferson County Commission has...
View ArticleBankruptcy Filing by Solyndra, LLC
Solyndra LLC, a solar-panel maker, filed for Chapter 11 bankruptcy protection September 6, 2011. Solyndra has lined up $4 million worth of bankruptcy financing while it looks for a buyer or...
View ArticleBankruptcy Watch List: United States Postal Service
The United States Postal Service (USPS) has been bleeding money for several years now. It lost $9 billion last year and is facing default if it doesn’t make a huge ($5.5 billion) payment into its...
View ArticleJefferson County, Alabama Files Chapter 9 Bankruptcy
Jefferson County, Alabama filed the largest Chapter 9 bankruptcy in U.S. history on November 9, 2011. The estimated debt included in the filing is $4.23 billion. (Before the filing, the previous...
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