Recent Bankruptcy News
Rapper 50 Cent Files for Bankruptcy, from CNBC
Even multi-millionaire rap stars can go bankrupt. This following the bankruptcy of his boxing promotions company in May 2015.
Legendary Gun-Maker Goes Bankrupt, from CNN
Colt Defense, LLC, making guns for 160 years, files for bankruptcy protection in Delaware.
Twinkies maker Hostess Brands files for bankruptcy protection, from NBC News
Hostess, baker of Twinkies, Ding Dongs, Ho-Ho’s and Wonder Bread, is hoping that twice-baked is the key to its future. The company said Wednesday that it filed for bankruptcy protection in an attempt to shrink a pile of debt amid soaring labor costs.
Debts Go Bad, Then It Gets Worse, from The Wall Street Journal
A personal bankruptcy is supposed to cut borrowers loose from lenders and debt collectors, but Capital One Financial Corp. – one of the nation’s largest credit-card issuers – sometimes doesn’t want to let go.
Judge allows California city to enter bankruptcy, largest municipality to go bust, from Fox News
Stockton, Calif., became the most populous city in the nation to go broke Monday, after a judge accepted the city’s application to enter bankruptcy.