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Economy

Will Dallas Loan Program Help Stem The Tide Of Job Losses And Corporate Bankruptcy?

The Dallas City Council has approved a $1 million loan program that is designed to assist small businesses in southern and western Dallas get capital for growth.  The program, which will provide $1 million...

Furniture Factory Warehouse Files Chapter 11 Bankruptcy – Customers Empty Handed

Home furnishings retailer Furniture Factory Warehouse, which operates 12 stores in South Texas, has filed for Chapter 11 Bankruptcy protection due to unfavorable financial conditions and a consistent decline in furniture sales. The retailer...

General Growth Properties Get Bankruptcy Approval On Final Secured Loan Restructuring

General Growth Properties Inc., which filed the largest bankruptcy in U.S. history, has finished restructuring its $15 billion secured-debt load, clearing yet another obstacle from its path as it attempts to exit Chapter 11...

Texas Rangers Bankruptcy Judge: “This is like one of those baseball movies…”

If you thought the Texas Rangers bankruptcy drama had ended, it seems that it is just getting started.  Most recently bankruptcy judge Michael Lynn quipped that "This is like one of those baseball movies...

Bankruptcy Bidding War: Major League Baseball Stands Out As The Winner

Bankruptcy Judge Michael Lynn said he had never before seen a fight over who would provide Chapter 11 bankruptcy financing for a bankruptcy company because securing such financing is usually an uphill battle. But...