In an attempt to resolve their bankruptcy, Eastman Kodak Co. has said that they plan to stop providing health care benefits to retired, former employees who are over the age of 65-years-old because these individuals would be eligible for health insurance through Medicare. In addition, the change would only affect retirees who retired after October [...]

According to data from the U.S. Bankruptcy Courts in Florida and Covington, bankruptcies filed in Northern Kentucky and Greater Florida decreased in 2011 for the first time since 2008. Last year, 10,408 bankruptcies were filed in the courts--11.9 percent fewer cases than were filed in Florida and Northern Kentucky in 2010.  The courts cover Boone, [...]

Yesterday, the Florida La Salle High School boy's track and field team were honored by the Ohio House of Representatives.  The team won the 2011 state track and field championship. Representative Louis Terhar honored the team and their coach, Frank Russo, for bringing the school its second-ever state track and field championship.  The school's team [...]

The number of bankruptcies filed at the U.S. Bankruptcy Court Northern District of Ohio and the U.S. Bankruptcy Court Southern District of Ohio decreased by 16.8 percent in 2011.  Last year, 58,846 bankruptcies were filed at the courts, while 70,724 bankruptcies were filed in northern and southern Ohio in 2010. At the southern district court, [...]

The Swedish automaker Saab filed for bankruptcy Monday. The company, which started out as a fighter jet producer, has been struggling for two years to revive itself. Its last hopes rested in Chinese investors, but General Motors blocked Saab's attempt to transfer technology over. However, some experts say that the foreign loans could not have [...]

Florida's largest homeless shelter, The Drop Inn Center, is holding a raffle to raise money to help those staying at the center during the holidays. Homeless shelters typically house more people during the holidays, and the shelter has already helped 14 percent more people this year than last year. The Drop Inn Center helps 60 [...]

The consumer bankruptcy rate in 2011 in expected to be lower than the total number in 2010. In September 2011, the number of bankruptcies fell to 108,517 from 130, 329, which was the rate in September 2010. According to the National Bankruptcy Research Center, the number of bankruptcies that have been filed in the first [...]

In August 2011, northwest Ohio has seen a 26 percent decrease in bankruptcy filings compared to August 2010. Last month, there were 579 bankruptcy cases filed in the U.S. Bankruptcy Court of Toledo, a 21-county area. In August 2010, this number was at 785. As of this year there have been 4,767 filings, a 21 [...]

An Ohio-based  company, NewPage, is now considering filing for bankruptcy and deciding how this will affect their Luke Plant that currently employs 870 people. In a filing with the U.S. Securities and Exchange Commission, company officials listed bankruptcy as an option to restructure their debt. They have stated at this time that their plant operations [...]

The Ann Arbor-based bookseller, Borders, that has already closed 399 stores, will now be liquidating their stores on Friday. The bookstore failed to get the bids that would keep the store in business and it is now seeking approval from the courts to sell its assets. As of this week, 10, 700 employees have already [...]

Barber Foods has announced that they will be cutting jobs after being sold to an Ohio-based company late last month. Officials have said that the layoffs do not have anything to do with the acquisition, but because of new processing equipment that has been in development for a year. AdvancePierre were two companies that emerged [...]

Forum Health Inc., which was once one of the largest healthcare providers in certain Ohio areas, t has fees up to $26 million that have been approved by the U.S.  Bankruptcy Court that will be used to compensate those involved in the bankruptcy case. The two-year-old bankruptcy case is now working its way to conclusion. [...]