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Bankruptcy

(credit: CBS)

Bankruptcy May Be Archdiocese’s Solution For Abuse Settlements

After a historic settlement in clergy sex abuse lawsuits in Minnesota, now the question becomes how the Catholic Church will pay for it. The exact amount of the settlement has been kept confidential, but experts say it could cost the Archdiocese tens of millions of dollars.

10/14/2014

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DeRusha Eats: Old Country Buffett

Old Country Buffet was in bad shape. Stores were closing, and the company was filing for bankruptcy. Then came new CEO Anthony Wedo. “We haven’t done a facelift even for 30 years in this business,” Wedo said. “If you wore the same clothes you wore 30 years ago, you’d be in trouble, right? I mean, you’d stand out in the wrong way.”

06/14/2014

(credit: Ryan Becker)

Blockbuster Video Announces It’s Closing

It could be considered a sign of the digital times we’re in as a popular video rental franchise announced its shutting down. Blockbuster Video has announced its closing all of its rental stores and its latest DVD-by-mail service.

11/07/2013

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Ex-GOP MN Chairman Files For Personal Bankruptcy

Former Minnesota Republican Party chairman Tony Sutton has filed for personal bankruptcy.. Sutton stepped down as party chairman in 2011 amid steep criticism of party finances.

09/09/2013

(credit: CBS)

Former Wis. DA Files For Bankruptcy

A former Wisconsin prosecutor accused of sending racy text messages to a domestic abuse victim has filed for bankruptcy.

05/14/2012

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Case Asks: What’s A Fair Price For Llamas?

Federal bankruptcy officials in Iowa want to get out of the llama business as soon as possible, even if that means selling a herd of the rare pack animals on the cheap.

01/30/2012

(credit: Justin Sullivan/Getty Images)

Perkins Parent Files For Bankruptcy Protection

Restaurant owner Perkins & Marie Callender’s Inc. on Monday filed for Chapter 11 bankruptcy protection, brought down by tough competition, the weak economy and rising food costs.

06/13/2011

money, cash, 1s, ones, dollar bills, generic

AP: Economic Stress Drops To 3-Month Low

Lower unemployment, bankruptcies and foreclosures in March reduced the nation’s economic stress to its lowest point this year, according to The Associated Press’ monthly analysis of conditions around the country.

05/04/2011

(credit: Sherburne County Jail)

Christi Rowan-Hecker Moved To Illinois Prison

The wife of beleaguered auto mogul Denny Hecker has been moved to a federal prison in southern Illinois.

05/03/2011

This Linus Van Pelt statue is on the auction block in the bankruptcy of Denny Hecker. (credit: CBS)

Another Chance To Own A Piece Of Hecker

Even after five auctions there are still a lot of Denny Hecker’s possessions to be auctioned off, according to Fred Radde and Sons auction house in New Germany.

05/03/2011

(credit: Jupiter Images)

Economic Stress Shows Signs Of Dipping In Past Year

Lower unemployment and bankruptcies helped reduce the nation’s economic stress in January compared with a year earlier, according to The Associated Press’ monthly analysis. Still, the figures show the economy has yet to regain full health.

03/24/2011

(credit: CBS)

Sun Country Set To Emerge From Bankruptcy

After 30 months in bankruptcy protection, the CEO of Sun Country Airlines is optimistic about the future.

02/19/2011

Denny Hecker, auto mogul, Chrysler Financial

Hecker Accuses Lawyer, Trustee Of Lying

Disgraced Twin Cities auto dealer Denny Hecker has written a letter to a bankruptcy judge accusing a bankruptcy trustee and his own former attorney of lying.

01/29/2011

Former Minnesota Gov. Tim Pawlenty visits 'Fox & Friends' at FOX Studios on January 12, 2011 in New York City. (credit: Slaven Vlasic/Getty Images)

Pawlenty To U.S.: Don’t Be Greece

Former Minnesota Gov. Tim Pawlenty says the United States followed Greece into democracy but should take steps so the country does not follow it into bankruptcy.

01/13/2011

Church, Generic, Cross

Milwaukee Archdiocese Files For Chap 11

The Catholic Archdiocese of Milwaukee has directed its attorneys to file for bankruptcy protection, saying pending sexual-abuse lawsuits have left it with debts it can’t pay.

01/04/2011

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