American Suzuki Motor Corp Files For Chapter 11 BankruptcyAmerican Suzuki Motor says it decided to exit the car business because of slow sales, unfavorable foreign exchange rates and high costs due to U.S. regulatory requirements
Mortgage Unit Of Ally Financial Files For BankruptcyIt still owes the government just under $12 billion from a $17.2 billion dollar loan it got during the financial meltdown of 2008 and '09.
ECD, United Solar File Chapter 11Citing high debt and legacy costs, Energy Conversion Devices Inc. and its solar panel manufacturing subsidiary United Solar Ovonic LLC filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court for the Eastern District of Michigan.
American Laser Centers Files For Bankruptcy ProtectionA Farmington Hills-based company that leads the nation in so-called medi-spa services and has more than 100 locations across the nation has filed for bankruptcy protection.
Who Wins, Who Loses When Borders Exits?Analysts are busy assessing the potential winners and losers when Borders Group begins the process of going out of business.
Borders Sold To Investment FirmAnn Arbor-based bookseller Borders Group, reorganizing under Chapter 11 bankruptcy protection, has agreed to be purchased by Phoenix-based investment firm Najafi Cos.
Borders Execs To Get BonusesWhile Borders Group struggles to emerge from bankruptcy protection, it will be able to pay its top executives large bonuses.
Borders Gets Temporary Financing, Plans Store Clearance SalesA federal bankruptcy judge grants Borders Group interim approval of temporary financing and approves a plan to close 200 stores.