You are browsing the archive for bankruptcy.

Bankruptcy: A clean slate, but at what cost?

July 24, 2013 in The Dickinson Press

FARGO For months, Amy Flaten cried any time she talked about bankruptcy.
In her late teens and early 20s, she’d racked up debt after her fiancé at the time had been injured and stopped working and started doing physical therapy. She was a full-time student and working full-time, but there wasn’t enough money. Continue Reading

Once-mighty Detroit files for bankruptcy

July 18, 2013 in The Dickinson Press

DETROIT Once the very symbol of American industrial might, Detroit became the biggest U.S. city to file for bankruptcy Thursday, its finances ravaged and its neighborhoods hollowed out by a long, slow decline in population and auto manufacturing. Continue Reading

On food stamps and owing thousands, ‘Octomom” files for bankruptcy

May 1, 2012 in Grand Forks Herald

“Octomom” Nadya Suleman filed for bankruptcy Monday, saying in a court filing that she has as much as $1 million in debt. Suleman wants a fresh start and said in a statement that filing for bankruptcy is what’s best for her children, according to the Orange County Register.
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Graduates find it hard to wash away college debt

April 29, 2012 in Grand Forks Herald

To get educated these days, most students have to go into debt. And debilitating debt, experts say, could trigger a financial meltdown akin to the mortgage crisis if students don’t repay their loans. Continue Reading

N.C.-based Cetero Research, with lab in Fargo, files for bankruptcy

March 27, 2012 in Grand Forks Herald

It’s unclear from the documents what effect the filing will have on the Fargo facility, which has 400 employees and 544 beds for drug test subjects. PRACS Institute, one of the affiliates that combined to form Cetero in 2006 and also filed a bankruptcy petition Monday, was started in Fargo in 1983 by James Carlson, a former professor at North Dakota State University.
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Kodak to stop making digital cameras, pocket video cameras, digital frames

February 9, 2012 in Grand Forks Herald

The storied photography company, which filed for bankruptcy protection last month, says it will phase out those product lines in the first half of this year. Continue Reading

Kodak, once trailblazer, files for Chapter 11 bankruptcy protection

January 19, 2012 in Grand Forks Herald

The glory days when Eastman Kodak Co. ruled the world of film photography lasted for over a century. Now a bankruptcy filing raising the specter that the 132-year-old trailblazer could become the most storied casualty of a digital age that has whipped up a maelstrom of economic, social and technological change. Continue Reading

‘Super agent’ inspiration for ‘Jerry Maguire’ files for bankruptcy

January 12, 2012 in Grand Forks Herald

The filing comes weeks after an Orange County Superior Court commissioner authorized but didn’t issue a bench warrant for Leigh Steinberg after he failed to appear in court in a case involving a $1.4 million debt. Steinberg said his attorney agreed to change the date of a hearing, told him not to show up and then failed to reschedule.
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UPDATE: Bankruptcy filing for maker of Twinkies

January 11, 2012 in Grand Forks Herald

Twinkies maker Hostess Brands has filed for Chapter 11 reorganization to deal with high labor costs. Continue Reading

Klobuchar, Conrad, Hoeven urge investigation into MF Global bankruptcy

December 27, 2011 in Grand Forks Herald

Minnesota Sen. Amy Klobuchar and North Dakota Sens. Kent Conrad and John Hoeven are urging federal officials to investigate the MF Global bankruptcy. A total of 16 senators signed a bipartisan letter Tuesday to U.S. Attorney General Eric Holder requesting that the Department of Justice investigate if MF Global executives made illegal transactions using customer funds. The letter also urges the department to seek criminal prosecution if the investigation finds illegal activity. Continue Reading