Bankruptcy News

After rising for several weeks, mortgage rates moved decidedly lower last week, but not enough to make much of a difference in demand from current borrowers or potential homebuyers. Total mortgage application volume fell 1.4% for the week, according to…

WASHINGTON – The federal bank regulatory agencies today jointly issued a final rule that modifies certain regulatory capital standards to reduce disincentives a banking organization may have to engage in lower-risk activities, such as intermediating in U.S. Treasury markets. The…

NEW YORK – New York Attorney General Letitia James today secured the approval of Purdue Pharma’s bankruptcy plan after U.S. Bankruptcy Judge Sean Lane confirmed the plan in a bench ruling. The approval of the plan is a significant step…

Nov 13 (Reuters) – Large U.S. corporate bankruptcies are on pace to hit their highest level in 15 years, S&P Global data showed on Thursday, underscoring mounting stress across corporate America at a sensitive time for public market investors. Total…

It’s no secret Americans are struggling to stay afloat — juggling payments for groceries, regular bills, and mounting credit card debt. Federal Reserve data shows as of Q2 2025, Americans collectively hold $1.21 trillion in credit card debt, and that figure continues to…

Three debt-collection agencies have been shut down after spending thousands of pounds of their clients’ money at bookmakers, hotels and football clubs. Sunderland-based EDC Group NE Ltd, UK EDC Ltd and UK TCF Limited charged clients to collect debts on…

The government is facing questions over tens of millions of pounds owed to suppliers who worked on upgrades to three prisons in England. At least 40 companies are believed to be owed the money for work they carried out in…

Credit card debt hit a record high of $930 billion for Americans in the final quarter of 2019, according to the latest data from the Federal Reserve Bank of New York released on Feb. 11. That’s a $46 billion increase in credit…

Credit card balances are ticking higher in 2025, according to a new quarterly report on household debt from the Federal Reserve Bank of New York. Balances rose by $27 billion in the second quarter to a collective $1.21 trillion — in line with…

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options. Del Monte has secured $912.5 million in debtor-in-possession financing that will allow it to operate normally as…