Chapter 11 Bankruptcy, Bankruptcy | featured news

The Treasury Department has sweetened its offer to holders of Chrysler’s secured debt in a last-minute attempt to keep the iconic American automaker out of bankruptcy court, according to people briefed on the matter.

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

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.

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.