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US bankruptcy filing rate near 5-year high

US bankruptcy filing rate near 5-year high

The pace of U.S. bankruptcy filings edged up in May to the second-highest daily level since 2005, reflecting the difficulty Americans have in working off excess debt even as the economy improves.

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Palm Island Dubai

Dubai Bankruptcy is a Taste of Things to Come

The next few hours are vital to understanding whether tremors in Dubai will trigger the next round of global financial panic. No seismic event in the markets (be it a crash or rally) is complete without Wall Street, but the New York Stock Exchange was closed for Thanksgiving yesterday, leaving everyone unsure just how jittery big investors really were and making it hard to contact banks to check their exposure.

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Palace Station Casino

Station Casinos Judge Says Bankruptcy Probe Unneeded

U.S. Bankruptcy Judge Gregg Zive said at a hearing in Reno, Nevada, that Boyd and other advocates of an examiner appeared to really want a trustee to take control of the company’s bankruptcy case, especially with regard to any potential sale. Zive delayed until Dec. 11 a decision on a related request to end the exclusive right of Station managers to propose a plan to reorganize the Las Vegas-based gambling company.

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Donald Trump Bankruptcy Law

Donald Trump Bankruptcy Law

When you first hear the name of Donald Trump, the first things that comes to mind is the “billionaire guy”; bankruptcy is far from the picture. However, before the Trump name has been associated with everything luxurious and extravagant, it is interesting to note that Donald Trump had filed and came close to filing personal bankruptcy many times over during the course of his career.

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