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• Judge throws out union contracts of American Airlines' pilots

  September 4, 2012 7:34 PM

  NEW YORK (AP) - U.S. Bankruptcy Judge Sean H. Lane is throwing out the union contract of American Airlines' pilots as part of the company's restructuring. A key part of the bankruptcy proceedings, the ruling clears the way for the Fort Worth, Texas-based airline to dramatically cut costs and quicken... more »

• Colorado telecom's assets being auctioned

  January 12, 2012 7:31 PM

  DENVER (AP) - A telecommunications company that received a $267 million federal loan has auctioned its assets following its bankruptcy filing in October. Open Range Communications Inc.'s assets included equipment on towers in 160 U.S. cities in 12 states, office equipment, modems and tools. The Denver Post reports the auction... more »

• Hostess Twinkies maker files for bankruptcy

  January 11, 2012 10:02 AM

  NEW YORK (AP) -- Hostess Brands Inc., the maker of Twinkies and Wonder Bread, is seeking bankruptcy protection, blaming its pension and medical benefits obligations, increased competition and tough economic conditions. The Chapter 11 filing on Wednesday comes just two years after a predecessor company emerged from bankruptcy proceedings.... more »

• American Airlines files for Chapter 11 protection

  November 29, 2011 7:38 AM

  FORT WORTH, Texas (AP) - The parent companies of American Airlines and its regional affiliate American Eagle are filing for Ch. 11 bankruptcy protection. AMR Corp. and AMR Eagle Holding Corp. said Tuesday that they filed voluntary petitions to reorganize, saying it's in the best interest of the companies... more »

• Alabama county could file for bankruptcy

  August 12, 2011 8:22 AM

  BIRMINGHAM, Ala. (AP) - Commissioners in Alabama's largest county say they hope to vote on whether to settle with Wall Street or file the largest municipal bankruptcy in U.S. history. Jefferson County commissioners have delayed a decision for two weeks while negotiating with creditors. Members say they expect to... more »

• All Borders bookstores could close

  July 18, 2011 6:23 PM

  Borders Group is edging closer to extinction after no new bids surfaced in an auction process for the bookstore chain other than the opening bid from two liquidation firms. Borders Group last week assigned the opening bid in its auction process set for Tuesday to two liquidation firms, Hilco... more »

• Blockbuster closes 5 local stores

  February 26, 2011 12:55 PM

  Once the king of home video rental companies, Blockbuster Video announced this week that it will close five stores in the Pikes Peak Region. Four of the stores are located in Colorado Springs; at Constitution and Powers, Fillmore and Nevada, Centennial and Vindicator and at Circle and Galley. The fifth... more »

• Personal bankruptcy filings rise in Colorado

  February 13, 2011 5:59 PM

  DENVER (AP) - The number of businesses filing for bankruptcy protection fell for the first time in four years in 2010, but a rising number of individuals filed for protection. Statistics compiled by the U.S. Bankruptcy Court in Colorado show there were 1,349 bankruptcy filings among businesses in 2010,... more »

• Ultimate Electronics files for Chapter 11

  January 28, 2011 7:19 AM

  DENVER (AP)-Colorado-based Ultimate Electronics has filed for Chapter 11 bankruptcy in its second trip to bankruptcy court in six years. The Denver Post reports that the company filed for bankruptcy Wednesday in Delaware. The firm's parent company, Ultimate Acquisitions LP, said the filing was based on a "significant downturn"... more »

• Legal clinic to address bankruptcy and credit issues

  October 20, 2010 3:45 PM

  Attorneys will volunteer their time for a low-cost clinic in El Paso County covering the topics of bankruptcy, creditor/debtor rights, consumer protection and debt collection. The Court Care clinic will be held on Saturday, Oct. 23, from 9:00 a.m. to 1:00 p.m. at the Penrose Library, 20 N. Cascade... more »

• Colorado to begin reviewing conservation easements

  August 5, 2010 8:23 AM

  Colorado Attorney General John Suthers is stepping into the dispute between landowners and the state Department of Revenue over conservation easements. Department of Revenue Director Roxy Huber told dozens of angry landowners Wednesday that the state will evaluate complaints of shoddy appraisals that prompted the denial of $90 million... more »

• Chrysler challenges Colorado law

  April 26, 2010 7:26 PM

  Chrysler Group LLC is challenging a Colorado law affecting auto dealers whose franchise agreements were terminated. Chrysler filed a complaint Friday in U.S. Bankruptcy Court in New York, saying the law conflicts with orders of the bankruptcy court. It also says the law impairs existing contracts, in violation of... more »

• Appliance World: CLOSED

  January 29, 2010 3:33 PM

  Appliance World stores in Colorado have closed their doors. According to the company website, Appliance World is under bankruptcy protection. On the website the company says people who have been notified that their order is ready are being told to pick it up at the Denver warehouse at 320... more »

• CSU employee admits stealing parking money

  January 29, 2010 10:58 AM

  A Colorado State parking clerk has been ordered to repay parking-ticket payments she admitted stealing. Charlene Noah, 53, has been fired and convicted of embezzlement for taking $220 from parking ticket payments left in drop boxes. Noah has been ordered to 120 hours of community service. The thefts... more »

• Citadel Broadcasting files Chapter 11 bankruptcy

  December 21, 2009 9:36 AM

  Citadel Broadcasting Corp., the nation's third-largest radio broadcasting company, filed for Chapter 11 bankruptcy protection on Sunday in an effort to restructure its hefty debt load. In documents filed in U.S. Bankruptcy Court for the Southern District of New York, Las Vegas-based Citadel listed total assets at Oct. 30 of... more »

• GM reports $1.2B 3Q loss, says it shows progress

  November 16, 2009 9:55 AM

  General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than previous quarters and a sign that the auto giant is starting to turn around. The company also says it will begin repaying $6.7 billion in U.S. government loans... more »

• Chicago Cubs file for Chapter 11 to speed team's sale

  October 12, 2009 12:31 PM

  The Chicago Cubs baseball team is seeking Chapter 11 protection, a step that will allow its corporate parent to hand the team to new owners. The team filed for bankruptcy in Delaware on Monday. The move was anticipated as the Tribune Co. looks to complete an $845 million sale of... more »

• Madoff trustee sues Madoff's family for $198M

  October 2, 2009 3:47 PM

  A trustee trying to recover Bernard Madoff's assets to reimburse investors has sued his brother, sons and a niece to recover nearly $200 million. The lawsuit was filed Friday in U.S. Bankruptcy Court in Manhattan. In the court papers, Trustee Irving Picard says the money was received by... more »

• Frontier Airlines emerges from bankruptcy

  October 1, 2009 12:36 PM

  Frontier Airlines is out of bankruptcy protection and is now a wholly owned subsidiary of Republic Airways Holdings Inc. The Denver-based carrier field for bankruptcy protection in April 2008. It has reduced its routes since then and has been turning an operating profit for the past several months. Nearly all... more »

• 6 Colorado dairies file for bankruptcy this year

  September 22, 2009 10:58 AM

  Six Colorado dairies have filed for bankruptcy protection this year amid banking problems and low milk prices. Four of the banks had loans from Greeley-based New Frontier Bank, which collapsed in April. That raised the prospect that the dairies and other borrowers would be forced out of business if... more »

• Frontier Airlines wins approval of bankruptcy plan

  September 10, 2009 4:40 PM

  A bankruptcy judge has confirmed the plan of reorganization for Frontier Airlines, moving the Denver-based carrier a step closer to emerging from Chapter 11 protection. Frontier says it resolved the few objections to its reorganization plan before winning approval from the judge in New York on Thursday. The plan calls... more »

• It's official--Gazette owner files for bankruptcy

  September 1, 2009 2:49 PM

  The owner of the Colorado Springs Gazette and dozens of other newspapers has become the latest publisher driven into bankruptcy court by a jarring drop in advertising revenue. Freedom Communications Inc. had been struggling to bring in enough money to repay its debt for the past year. It required workers... more »

• Bankruptcy rumors surface for Gazette owner

  August 31, 2009 1:31 PM

  Freedom Communications, the parent company of the Colorado Springs Gazette, is reportedly close to filing for Chapter 11 bankruptcy protection. A report by the Wall Street Journal Sunday stated that the company has reached an agreement with its lenders to restructure its debts. However, a report published in... more »