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By Fatima Hussein, Associated Press
The fallout keeps growing for the cryptocurrency industry after an unexpected bankruptcy involving one of the largest and most well-known exchanges, FTX. Its downfall has renewed concerns about the safety and credibility of many cryptocurrencies and their values have plunged…
Hertz has filed for bankruptcy protection, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business.
By Tom Krisher, Associated Press
A bankruptcy filing by New Orleans’ Roman Catholic archdiocese freezes sexual abuse lawsuits and could help bury the details of alleged cover-ups of predator priests and thousands of internal emails.
By Jim Mustian, Michael Rezendes, Associated Press
A federal bankruptcy judge on Tuesday approved two Pacific Gas & Electric settlements totaling $24.5 billion to help pay the losses suffered by homeowners, businesses and insurers in the aftermath of catastrophic Northern California wildfires that sent the nation’s largest…
By Michael Liedtke, Associated Press
By Philip Moeller
Even as current support programs fall short of meeting retiree needs, Social Security, Medicare and Medicaid spending for older Americans is projected to take an ever-larger bite of total federal spending.
By Ellen Rolfes
Kevin Orr, who was appointed to oversee all Detroit's finances in March 2013, told Reuters on Wednesday that his experience with the Motor City's bankruptcy case has made him rethink ever becoming a politician.
In other news, the House voted overwhelmingly to rein in credit card companies, and the Senate defeated a measure to give homeowners relief in federal bankruptcy court. In Iraq, British troops handed command of Basra to U.S. forces.
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