Bankrupt News

In the pantheon of shady deals, things just don't get much shadier than this. Senior Navy intelligence official David W. Landersman has been indicted on charges of alleged theft and conspiracy.

Judy Southon, from Toronto, said she had her husband had great jobs and raised a son, and they owned a home, but she never thought she would have to declare bankruptcy.

Toronto - A Canadian investment firm appears to have has backed away from plans to buy a bankrupt Atlantic City, N.J., casino even though its indecision could cost $10 million.

Atlantic City - A bankruptcy court-supervised auction for Revel, the multibillion-dollar Atlantic City casino that collapsed earlier this month, resumes today in New York City.

Despite being the most recognizable brand in video games, the Wii U is currently the worst selling console on the market. We take a look back at the Top 5 mistakes Nintendo has made to gain some perspective.

New York - The Daily Currant, a parody website, reported that New York Times columnist and Keynesian economist Paul Krugman filed for bankruptcy. Although the story is untrue, many news organizations picked it up as fact.

Dilley - A group of animals, formerly residents of a San Antonio-based wildlife shelter, have found a new home after the shelter they previously lived in went bankrupt.

Central Falls - The city of Central Falls, Rhode Island, whose motto is "A City with A Bright Future", has become the latest American community to file for bankruptcy.

The reaction of the Greek Government to its debt crisis has been to submit to the dictatorship of finance with a package of "austerity" measures. An alternative solution is for Greece to default and take back its sovereignty.

Garden Grove - The financial crisis and the troubled times that followed have hit every sector of the economy. Even churches have been hit hard. Now Crystal Cathedral in Garden Grove, California has filed for bankruptcy. It is apparent that nothing is sacred.

Iconic American film studio Metro-Goldwyn-Meyer, known for its big-budget adventure extraveganzas and its symbolic roaring lion, is deep in debt.

Rick Mahorn, who was a member of the Pistons' 1989 NBA championship team from the "Bad Boys" era, has filed bankruptcy and has had his $500,000 home foreclosed on.

In a late-hour push to see the Democrats' health care measure through the Senate, President Obama said that without it the government 'will go bankrupt.' Obama later signed a $1.1 trillion spending bill into law

According to the Wall Street Journal not long ago, because of the recession Social Security and Medicare are scheduled to go bankrupt sooner than expected. One columnist declares this is good news How could that be?

Folks in the restaurant industry are hurting in many places. Fast food may be doing well, but the uptown cuisine is expensive. Small, specialty restaurants have overhead costs to meet, and the public wants to save money.

Iceland's Prime minister has advised his country men to return to their traditional profession of fishing after the country's banking system collapsed last week.

The disgraced and disbarred former prosecutor who made a name for himself during the now-famous rape case in which members of Duke's Lacrosse Team were charged with rape has filed for Chapter Seven protection.

Missouri man threatens to bankrupt MySpace, bulldoze their headquarters and purchase Fox News as party of his attack on the website.

Presidential candidate Ron Paul, campaigning in Iowa, says that the US is going bankrupt.

Priced out of the system: Canadians are going bankrupt pursuing their legal rights- and even the 'winners' are saying it's not worth it.

US Airways dropped its hostile $9.8 billion bid for Delta on Wednesday after Delta's creditors threw their support behind the airline's plan to emerge from bankruptcy on its own.

Now, as Airlines in the U.S. are beginning to rebound from their horrible loses and attract more investment, pilots are demanding a greater share of the benefits.