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On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
Pages in category "Companies that have filed for Chapter 7 bankruptcy" The following 167 pages are in this category, out of 167 total. This list may not reflect recent changes .
Orange County, California: County 1994 2,500,000 $1,700,000,000 [36] County treasurer Robert Citron made risky investments, leading to the county's bankruptcy Completed [37] [38] Kinlock, Missouri: City 1994 2,700 Completed [39] Pritchard, Alabama: City 1999 28,600 Due to inability to pay pensions. The city would again declare bankruptcy in ...
In conjunction with its filing for bankruptcy, Vintage has filed a notice for mass layoffs with California authorities after already cutting its workforce by at least 15% earlier this year and 7% ...
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Credit card debt is another major contributor to bankruptcy filings. People often rely on credit cards to cover living expenses during financial hardship, but high interest rates and fees can ...
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