Older Americans are increasingly turning to bankruptcy to help alleviate their financial burdens.
Brookstone Files Bankruptcy, Plans Store Closures
(New York, NY) — Brookstone is the latest brick-and-mortar retailer to file for bankruptcy.
State Rep Ron Reynolds Files For Bankruptcy
(Missouri City, TX) — State Representative Ron Reynolds, the Democratic Whip in the Texas House, is seeking protection from his creditors in federal bankruptcy court.
Former NFL QB Vince Young Files For Bankruptcy
(Houston, TX) — Former NFL and Texas Longhorns star quarterback Vince Young has fallen on hard times.
Federal Judge Approves American Airlines Bankruptcy Plan
(New York, NY) — American Airlines is one step closer to emerging from bankruptcy.
TX Puts Luminant Mining Under Closer Financial Scrutiny
HOUSTON – Texas may be known for its oil but it’s also a coal state. And now, there’s concern over what the state is doing to ensure that old “strip mines” are cleaned-up. State Impact reporter Dave Fehling found that one Texas Company in particular is now getting special scrutiny.
Hualapai Corporation Files For Bankruptcy
FLAGSTAFF – The Hualapai tribal corporation that managed the Grand Canyon Skywalk filed for Chapter 11 bankruptcy protection this week. This comes after a federal judge upheld a $28 million judgement in favor of the Skywalk developer.
American threatens to kill contracts
By Bill Zeeble, KERA News, for Audio Texas
FT WORTH – Bankrupt AMR, parent company of American Airlines, has told its unions that without more concessions, it will move to cancel all contracts next week in court. Unions don’t like the plan, but may have little recourse.
Senior Vice President Jeff Brundage sent the letter to unions saying the company and unions have not made sufficient progress in saving money. Without more concessions, American spokesman Bruce Hicks says the company will ask the court next week to cancel all contracts.