Debt

Oil and petroleum products shipper Overseas Shipholding Group Inc. (NYSE: OSG) filed a document with the Securities and Exchange Commission this morning indicating that the company is "evaluating its strategic options, including the potential voluntary filing of a petition for relief to reorganize...

Bankrupt U.S. battery maker A123 Systems Inc. (NASDAQ: AONE) today got permission from the U.S. Bankruptcy Court to use $15.5 million of "debtor-in-possession" financing from a total of $72.5 million in financing from Johnson Controls Inc. (NYSE: JCI). Johnson has offered to pay $125 million for...

Solar component maker Satcon Technology Corp. (NASDAQ: SATC) filed for Chapter 11 bankruptcy protection after markets closed last night. While not as well known as solar panel makers First Solar Inc. (NASDAQ: FSLR) and SunPower Corp. (NASDAQ: SPWR), Satcon provided a component critical to every...

After filing a "going concern" letter earlier today with the SEC, U.S. battery maker A123 Systems Inc. (NASDAQ: AONE) later announced that it had sold its automotive business assets to Johnson Controls Inc. (NYSE: JCI) for $125 million. As part of the transaction with Johnson Controls, A123 said...

Robert Kiyosaki, author of the bestselling "Rich Dad, Poor Dad" series, has filed for Chapter 7 bankruptcy protection after losing a nearly $24 million court judgment to The Learning Annex.

Dynegy Inc. (NYSE: DYN) has now successfully completed its Chapter 11 reorganization and emerged from bankruptcy. The newly traded independent power producing company has approximately $800 million in liquidity in the form of restricted cash, unrestricted cash, and a letter of credit capacity. The...

In 2008, when the foreclosure crisis was raging, Simone Griffin spent her days counseling homeowners behind on their mortgage payments, and her nights worrying about the precarious state of her own finances: $32,000 in debt on two credit cards. Then came her "scared straight" moment.