Tag: bankruptcy

Hearing Cenk Uygur explain this whole bankruptcy ordeal is making it a bit clearer now why this is such a difficult thing to rule on.

detroit-bankrupt-01

Damn. The entire city of Detroit has officially filed for Chapter 9 bankruptcy protection. This news makes Detroit the largest municipal city to ever file for bankruptcy in US history. Hopefully some good comes out of this. But with a reported $18-$20 billion in debts, the city is going to have a hard time getting […]

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I wish this were an Onion News headline, but sadly it is not. Kodak is indeed looking to sell its film business to focus more on printers which they hope (or believe?) will bring them out of bankruptcy. Kodak film is the one product Kodak had that virtually made them a household name and to […]

dippin-dots

Oh no! Dippin’ Dots, the so-called “ice cream of the future”, has filed for Chapter 11 bankruptcy. The ice cream company which serves frozen dots of flavored ice is reportedly in $12 million debt. What will Six Flags have to serve to sweating guests if they disappear forever?

gm-bankruptcy

BIG NEWS: General Motors (GM), one of America’s “Big Three” automakers, is filing for Chapter 11 bankruptcy in New York in hopes that within 6-18 months, the company will be able to stand on its own. After filing for bankruptcy, the United States Government will own approximately 60% of GM stock.