Sears, which more than a century ago pioneered the strategy of selling everything to everyone, filed for bankruptcy protection early on Monday and laid out a plan for turning its business around. The company long ago gave up its mantle as a retail innovator, falling far behind big-box rivals like Walmart and Home Depot and […]
Bill Introduced Allowing Cancellation of over $1T in Student Debt Through Bankruptcy…
Bankruptcy is like the ultimate get out of jail free card. You just get to wipe the slate clean, and even though your credit score and ability to borrow might suffer, you are free from all your previous obligations. But student loans have long been exempted from being erased by bankruptcy. If this bill passes […]
SEIU Texas Declares Bankruptcy after Losing Millions to Janitorial Company…
The Texas chapter of one of the nation’s most powerful unions filed for bankruptcy after losing a multi-million dollar lawsuit for its smear campaign against a Houston janitorial company. A jury ordered Service Employees International Union Texas, also known as SEIU District Five, to pay…
Oil Bankruptcies Leave Lenders With ‘Catastrophic’ Recovery Rate…
Bankrupting Gawker Over a Grudge Isn’t Justice. It’s Censorship…
Though Gawker’s chapter 11 filing may not end it, the fact that a personal vendetta caused the act sets a chilling precedent…
Opinion Analysis: Puerto Rico’s Debt Woes Left to Congress…
For the second time in a week, the Supreme Court has rejected the government of Puerto Rico’s efforts to use its self-governing powers — this time, nullifying…
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