Bankruptcy

Group of Retirees to Get Kodak’s Iconic Film Business

Eastman Kodak has sold its camera film business to the U.K. Pension Plan in exchange for eliminating $2.8 billion in pension debts. More 

Fisker Misses $10M Loan Payment Owed to U.S. Gov’t

Electric car maker Fisker Automotive has defaulted on a $10 million payment on $193 million in loans from the U.S. Energy Department. More 

Judge OKs Largest U.S. City Bankruptcy Yet

A judge has granted the California city of Stockton's Chapter 9 bankruptcy petition, dismissing the objections of municipal bondholders. More 

One Year After Opening, NJ Casino in Bankruptcy

The Revel, Atlantic City's newest casino has filed for Chapter 11 bankruptcy protection almost exactly one year after it opened. More 

Twinkies Get New Owners

Bankrupty Hostess Brands' snack cake business, including Twinkies, has been acquired by two private equity firms for $410 million. More 

‘Girls Gone Wild’ Going Bankrupt

The company behind the 'Girls Gone Wild' videos filed for bankruptcy protection Wednesday to restructure its debts and legal judgments. More 

The New Owner of Hostess’ Wonder Bread Will Be …

Flowers Foods will acquire Wonder Bread and a number of other brands from bankrupt Hostess Foods after merging as the only bidder for the brands. More