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The case for Chapt. 11 bankruptcy for carmakers - San Francisco Gate

Thursday, November 20, 2008 Yet many legal experts say that Chapter 11 bankruptcy, which lets a company restructure its operations and shed or rework many of its contractual obligations, is the best option for the automakers and for taxpayers if ...

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Circuit City files for bankruptcy protection - Wired News

RICHMOND, Va. (AP) -- Facing pressure from vendors and consumers who aren't spending, Circuit City Stores Inc. filed for bankruptcy protection Monday as it heads into the busy holiday season with hopes that the move will help it survive. Under ...

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Auto Makers' Rescue Drive Stalls - Wall Street Journal

WASHINGTON -- A full-court effort by U.S. auto makers to secure federal aid appeared to be on the rocks after the companies failed to convince lawmakers of the urgent need for a rescue. Michigan Rep. Dale Kildee, Chrysler Chairman and CEO Robert ...

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Trouble With Stocks: Lost Identity - CNBC

The flight into Treasuries, as well as the fact that credit default swap spreads are widening, is causing broad weakness in the stock market. But it is not trading in any way unusual: we are again being led down by financials and, to a lesser extent ...

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Gift Card Issuer Bankrupt? Here's What To Do - CNBC

If you are dumbfounded by the amount of money the federal government is pouring into the private sector to ease the nation's financial crisis, click ahead for a big-budget ride through time. Gift cards can become worthless when their issuers fail ...

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