Foreclosures Increased in Ohio Last Year


2012 saw an increase in foreclosures throughout Ohio, largely due to a backlog from the housing crisis, according to a recently released report. RealtyTrac Inc., a popular foreclosure tracking firm, said Ohio residents had filed more default notices, scheduled auctions, and bank repossessions last year than in 2011. With 89,584 filings recorded last year, RealtyTrac [...]

Foreclosures Increased in Ohio Last Year2013-02-04T18:48:28+00:00

Battery maker bankruptcy bad news for luxury car manufacturer


Fisker Automotive could potentially be in financial danger after its sole electric battery manufacturer filed for bankruptcy last month. A123 Systems, which made all of Fisker's electric car batteries for its Karma model, filed for Chapter 11 protection in October with $376 million in debt. According to the Washington Times, A123 Systems is now requesting that [...]

Battery maker bankruptcy bad news for luxury car manufacturer2012-11-05T20:53:58+00:00

AMR reports $82 million loss for August


AMR Corp., the parent company of American Airlines, posted a net loss of $82 million for the month of August. The Fort Worth-based company, which filed for Chapter 11 bankruptcy last November, also saw a $535 million loss in short-term investments and unrestricted cash, according to BusinessWeek. A majority of the commercial airline company's losses [...]

AMR reports $82 million loss for August2012-10-01T22:42:42+00:00

Dysktra pleads guilty to bankruptcy fraud


Former New York Mets outfielder Lenny Dykstra has pleaded guilty in Los Angeles to three charges in his bankruptcy fraud case. Dykstra faces up to 20 years in prison for money laundering, concealment of assets, and bankruptcy fraud. The Sacramento Bee reports that prosecutors say Dykstra illegally destroyed, sold, or hid property worth more than [...]

Dysktra pleads guilty to bankruptcy fraud2012-07-02T20:26:31+00:00
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