bankruptcy

AG Schuette Joins Detroit Bankruptcy Case to Defend Pensioners
AG Schuette Joins Detroit Bankruptcy Case to Defend Pensioners
On Monday, Michigan Attorney General  Bill Schuette filed a formal appearance with U.S. Bankruptcy Court of behalf of Southeast Michigan pensioners who may be at risk of losing their benefits. In a statement, Schuette said "hardworking people, like cops and firefighters who put their own lives on the line, struggle on a fixed income, and now could face a financial crisis through no fault of t
Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy
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.