Topics: Bankruptcy - 62 results


Posted 2 years ago in Bankruptcy by Courtney Sherwood  
Embezzling Merrill Lynch ‘Whiz Kid’ Accused of Bankruptcy Fraud

A former hot-shot banker who served 18 months in federal prison for stealing $43 million from Merrill Lynch could be in legal trouble again. This time he’s accused of lying about his assets in bankruptcy court. Daniel Gordon seemed bound for greatness before his role in Enron’s collapse helped send him to the penitentiary. At age 23, he already had a master’s degree from Yale and a prominent job as president of Merrill Lynch’s energy-trading division in 2000. But in …

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Posted 2 years ago in Bankruptcy by Jennifer King  
Read the Latest Issue of ‘Your Money & The Law’ Newsletter

Money Curse Leads Real Housewives Into Bankruptcies It’s starting to look like a curse: The fourth star from the Bravo reality TV series “Real Housewives” has filed for bankruptcy. For a show known for its characters’ conspicuous consumption habits, it’s a bit of a surprise—and a warning for us really real people. Find Out More…   Feds Extend Deadline For Reviewing Defective Foreclosures If you’ve lost your home to foreclosure or your home is “under water” and you believe it’s …

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Posted 2 years ago in Bankruptcy by Aaron Kase  
American Airlines Seeks to Rob Retirees of Benefits

In the midst of bankruptcy proceedings, American Airlines has asked a judge to allow it to stop paying retiree health insurance and life insurance benefits. Airline hopes to save over $1.3 billion annually in benefits for 40,000 retirees Fate of retiree benefits could depend on what is spelled out in the plan agreement Bankruptcy may or may not lead to merger with US Airways   Loss of Billions American, currently the nation’s third-largest airline, has been in bankruptcy proceedings since …

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Posted 2 years ago in Bankruptcy by Aaron Kase  
Former Baseball Star Lenny Dykstra Busted in Bankruptcy Scam

Former baseball star Lenny Dykstra agreed to a plea deal on federal bankruptcy fraud charges last month, following accusations that he sold or removed up to $400,000 worth of memorabilia and household goods from his home and office during bankruptcy proceedings. Dykstra ran up debts in investment magazine for athletes Already in prison for grand theft auto Faces an additional 20 years behind bars   Dozens of Lawsuits Lenny Dykstra  (nicknamed “Nails” for his gritty play and non-stop hustle on …

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Posted 2 years ago in Bankruptcy by Richard Dahl  
Jamal Lewis the Latest Pro Athlete to File for Bankruptcy

Former National Football League star running back Jamal Lewis, 32, has filed for bankruptcy protection in Georgia, saying that he can’t pay $10.6 million in debts. Lewis broke into the league with a splash in 2003, running for 295 yards in the Baltimore Ravens’ home opener in the stadium that had just been rechristened M&T Bank Stadium for the company that had bought the naming rights. Today, though, M&T Bank is one of the creditors listed in Lewis’ court documents …

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