The couple that ran the defunct Sommet Group were ordered Friday to turn over assets that they're accused of taking from the company in the days surrounding its July raid by federal authorities.
David Fulcher, a former president of Presbyterian Homes of Wisconsin, has been named chief executive officer of Milwaukee Catholic Home, an accredited continuing care retirement community for older adults on Milwaukee's east side.
Video rental giant Blockbuster Inc. has missed a payment to junior bondholders, making it the second time in three months the company has failed to meet a debt obligation.
The push by five Sicel Technologies employees to force the company into involuntary Chapter 7 liquidation has ended with one of those employees being named Sicel's interim president.
The former co-owner of a defunct Columbus construction company faces 11 criminal charges after federal investigators alleged he used business loans to finance vehicle and real estate purchases in Florida.
Corrected version: Seattle entrepreneur Frederick Darren Berg's Meridian Mortgage Investors Funds took in about $210 million in investments and then diverted investments to various other Berg interests, including his luxury bus company, according to the court-appointed trustee in charge of overseeing the Meridian bankruptcy case.
Three businesses owned by a Brentwood man accused of running a Ponzi scheme have filed for Chapter 11 bankruptcy protection -- including one that offered payroll and HR services to other companies.
The former owner of United Medical Center is asking a judge to give the hospital back, arguing that the D.C. government never had the legal authority to foreclose on the property and that Mayor Adrian Fenty and others made several missteps in the days leading up to the July takeover.
A bankruptcy judge plans to confirm a $10 million bid by an investor group planning to buy West Edge, a stalled mixed-use project with an original price tag of $80 million.
Texas Attorney General Greg Abbott has charged mortgage debt collector American Home Mortgage Servicing Inc. for allegedly employing deceptive mortgage payment collection practices.
NCoat, a nanotechnology firm that has been one of the Triad's biggest commercial employers in that emerging industry, has filed for Chapter 11 bankruptcy.
A Triad tobacco company's bid to exit bankruptcy has been derailed by a criminal investigation into its owner, and a new trustee has been put in charge of the company.
After more chapters than a Charles Dickens novel, the latest installment on the mothballed Statler Towers is expected to be written in the next few days.
A federal judge is set to decide Aug. 30 on a final list of Scott Rothstein's victims in the criminal case against him, and how much restitution they are entitled to.
Milwaukee-based Godfrey & Kahn SC is rankling the egos and pocketbooks of professional services firms in the General Motors bankruptcy case by suggesting reductions in the $100 million of fees the firms are seeking for their work.
The acquisition of Amelia Island Plantation this week in a bankruptcy auction is part of the luxury Omni hotel chain's ongoing strategic expansion across North America.
Regions Bank wants to know: How was the $90 million it loaned for the construction of uptown's EpiCentre spent? And what did the developers do with money reimbursed by the city of Charlotte?
Having gained control of Milacron Inc.'s business assets a year ago, some of the company's secured creditors are now seeking an additional payback from their risky investment in Milacron's pre-bankruptcy debt.
The offer came from a charismatic Seattle entrepreneur, a person some of them had invested with successfully before, so they say they had little reason to doubt he could make them money again.
The lingering effects of a deep recession creates winners and losers. Just ask bankruptcy attorney Rick Mitchell, a partner at Mitchell & Culp, which specializes in bankruptcy law. The small firm recently added two staffers to handle its increased caseload. Cases are backed up about a month.
The Roseville investment broker-dealer ePlanning Securities Inc., one of several companies associated with an alleged massive Bay Area Ponzi scheme, has filed for voluntary bankruptcy reorganization.
