Bankruptcy | featured news

Silicon Graphics filed for bankruptcy-court protection and agreed to sell its business to server provider Rackable Systems for $25 million.

The Obama administration is seeking to ease General Motors Corp into a "controlled" bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.

Executives at General Motors and Chrysler are speeding to put in place workable plans to restore their dwindling operations. It’s a race they might not win.

The Sun-Times Media Group, owner of the Chicago Sun-Times and dozens of suburban newspapers, has filed for bankruptcy protection from creditors.

Suspended NFL star Michael Vick has left a federal lockup in Kansas, apparently bound for Virginia to appear at a bankruptcy hearing next week.

The House has passed legislation to give debt-strapped homeowners a chance to win lower mortgage payments through bankruptcy courts.

GM's viability plan will offer the U.S. a choice to commit billions more in bailout money or provide financial backing as part of a bankruptcy filing.

The Peanut Corporation of America filed for Chapter 7 bankruptcy on Friday in United States Bankruptcy Court in Virginia.

Charter Communications said it will file for bankruptcy protection by April 1 as part of an agreement with some of its debt holders to reduce its debt by $8 billion.