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Joe Raedle, Getty Images
Joe Raedle, Getty Images
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Many Americans Expected to Be Too Broke to File for Bankruptcy — Dollars and Sense

Some major companies and corporations such as MF Global and AMR, the parent company of American Airlines, have filed for bankruptcy.

In the process, they may have, directly or not, caused some people to go bankrupt.

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Kevork Djansezian, Getty Images
Kevork Djansezian, Getty Images
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Kodak Files for Chapter 11 Bankruptcy Protection — Dollars and Sense

If you want to capture a Kodak moment, you may need to be in bankruptcy court to do it these days — the iconic photography company filed for Chapter 11 protection on Wednesday.

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Category: Business, Money Tags: ,
lcm1863, Flickr
lcm1863, Flickr
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Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy

Citing the economic downtown and rising food costs, the parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and closed 63 underperforming stores.

The 76-year-old franchise, based in Wilbraham, Massachusetts and known for its ice cream and hamburgers, will continue to operate more than 400 restaurants as it restructures.

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Category: Business, Food Tags: ,
General Motors
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GM Has Best Quarter In 6 Years

General Motors seems to be earning profits despite trying to emerge from bankruptcy, say CNN Money.

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