Bankruptcy News

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.

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Legendary Gun-Maker Goes Bankrupt, from CNN

Colt Defense, LLC, making guns for 160 years, files for bankruptcy protection in Delaware.

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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.

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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.

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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.

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