The cable-box repair company Contec Holdings Ltd., owned by Bain Capital, has filed for bankruptcy protection due to low demands for its services. Contec officials say operations will continue as normal during the bankruptcy process, which is expected to be completed in 60 days. The Huffington Post reports that lenders have agreed to loan the [...]

Dynegy Inc., a Houston-based power company, has filed for bankruptcy protection in order to merge with its bankrupt subsidiary Dynegy Holdings as part of a reorganization plan. Last year, Dynegy had more than $5 billion in debt. According to the Wall Street Journal, the company's coal and natural gas power plants will continue to operate [...]

The Washington Post announced last Friday that Ritz Camera has filed for Chapter 11 bankruptcy protection, just three years after it emerged from its first bankruptcy filing. Officials say stiff competition with cellphone cameras has caused Ritz to struggle. The film and camera business plans on closing 128 of its 265 retail locations and laying [...]

Tribune Co. is nearing the end of its three-year bankruptcy proceedings after it submitted its second reorganization plan last week. The failing newspaper, radio and television station company filed for Chapter 11 protection in 2009. Under its plan, Tribune would leave bankruptcy protection with all of its assets. Should it be approved by the court, [...]

One of the largest law firms in the United States, Dewey & LeBoeuf LLP, has filed for Chapter 11 bankruptcy protection this week in Manhattan. The New York-based firm has listed $193 million in assets with $245 million in liabilities. Dewey & LeBoeuf, which advised the Los Angeles Dodgers during its bankruptcy process, decided to [...]