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Federal Judge OKs Plan to Settle Puerto Rico's Bankruptcy

A federal judge approves a plan to address Puerto Rico's bankruptcy.
Texas Power Company Files for Bankruptcy After Rampant Power Outage Due to Severe Cold Storm

Texas Power Company Files for Bankruptcy After Rampant Power Outage Due to Severe Cold Storm

A power company in Texas is filing for bankruptcy, also known as Chapter 11 bankruptcy protection, after last month's severe winter storm conditions, which left millions of residents in the state without power.

A Threat of Bankruptcy Emerges as Mexican Airlines Run at 15% Capacity

IATA Vice President in Americas, Peter Cerdá said, "Mexican stand to lose" nearly $5.3 billion in income from march to May, as an outcome of a rapid decline in demand for air travel.

Don't Worry, the Commonwealth Puerto Rico Will Be Fine

David Tawil of Maglan Capital, which owns some of Puerto Rico's debt, stated in an interview earlier in March that he believes the U.S. territory won't default, and that $2-3 billion of financing will quell the financial pressure. Puerto Rico has a deal of fruitful, robust double-digit returns on tax-free bases, but poorly-run finances have lead to its current economic status.

More Puerto Ricans Live On Mainland U.S. Than In Puerto Rico

A recent CNN report revealed that are more Puerto Ricans living in the U.S. mainland than there are living in Puerto Rico.

Drake Bell Bankrupt? Nickelodeon Star Barely Making Ends Meet

Drake Bell faces financial problems as the actor files for bankruptcy.

Kodak Bankruptcy Plan Approved: Reorganization Begins After 19-Month Wait

Eastern Kodak Co. has been approved for a Chapter 11 bankruptcy reorganization plan, signaling a new beginning for the once-dominant photo company.

CNET Founder Halsey Minor Bankrupt: Tech Pioneer Goes From Billionaire To Broke

The former billionaire has now filed for chapter 7 bankruptcy, and his homes are going on the market to pay his 60 creditors.
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