Bankruptcy Protection

The company that bought the Swedish car manufacturer Saab out of bankruptcy faced a bankruptcy petition of its own Aug. 12. According to The Associated Press, supplier Labo Test petitioned a Swedish court to declare National Electric Vehicle of Sweden bankrupt. The company said that NEVS had [...]

READ MORE SHARE
COMMENTS
Business Bankruptcy

U.S. regulators said on Aug. 5 that 11 that big banks in the U.S. still do not have viable plans for filing for protection under the bankruptcy law that would avoid causing widespread economic damage. Both the FDIC and the Federal Reserve have said that the bankruptcy plans submitted by the [...]

READ MORE SHARE
COMMENTS
Uncategorized

Despite all the negative reports, it appears the popular gourmet cupcakes chain Crumbs Bake Shop may not be permanently closing its doors after all. Several days after shutting down its remaining stores and indicating that it would file for Chapter 7 liquidation, Crumbs instead filed for [...]

READ MORE SHARE
COMMENTS