American Apparel doesn't have enough cash on hand to make its next debt payment, $13.9 million due on Oct. 15.
The downfall of Samson Resources will wipe out the $4.1 billion in cash that private-equity firms led by KKR invested in the oil and gas producer.
The operator of shallow-water drilling rigs is hoping a $1.2 billion debt-for-equity swap will help it ride out the downturn in oil prices.
After nearly three years of litigation, the tanker company's former CFO is among the defendants who agreed to settle securities fraud claims.
The commonwealth's problem is deficits not its debt load, say former IMF economists.
The Taxpayer Protection and Responsible Resolution Act creates a Chapter 14 for banks and replaces Dodd-Frank's orderly liquidation authority.
Struggling grocer has received "stalking horse" bids for 120 stores but no bidder has been willing to assume its liabilities.
An International Monetary Fund study criticizes the latest Greek bailout, calling for measures to restructure the country's "highly unsustainable"…
Lawsuits accuse the oil rig repair firm of labor trafficking practices involving citizens of India.
The lawsuit accused Jon Corzine and other executives, including two former CFOs, of inflating the brokerage's ability to manage risk.