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Borders Bidding Deadline Passes With No Offers

Borders Group Inc inched closer to liquidation on Sunday after a bidding deadline passed without offers, the Wall Street Journal said, citing peop…

Read more: Retailers, Amazon.com, Consumer Confidence, Online Sales, Bankruptcy, Deadline, Private Equity Firm, Barnes and Noble Inc, Consumers, Online Shopping, Book Stores, Wall Street Journal, Borders Group Inc, Business News

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Richard Gaudreau: Bankruptcy Is the Cost of the Way the Credit Card Industry Does Business

One newspaper article in 1997 told me all I needed to know about the business model for the credit card industry. Beneficial National Bank, the cred…

Read more: College Students, Debt, Credit Cards, Credit Counseling, Bankruptcy, Chapter 13, Predatory Lending, Business News

Catholics Look Into Buying Crystal Cathedral

By Adelle M. Banks Religion News Service

(RNS) The Crystal Cathedral, which has put its iconic campus up for sale to end a bankruptcy crisis, has …

Read more: Crystal Cathedral Bankruptcy, Hour of Power, Crystal-Cathedral-Sale, Robert Schuller, Bankruptcy, Crystal Cathedral, California Cathedral Bankruptcy, Crystal Cathedral Catholic, California Cathedral Sale, Religion News

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Murray Fromson: The Way Out

Americans are desperate for change. They hunger for their imagination to be aroused and their can-do energy to find its way back into the country’s bloodstream. If anyone can do that, it would seem to be Barack Obama.

Read more: Congress, Budget, Barack Obama, Harry Truman, Deficit, Foreclosure Crisis, Bankruptcy, Unemployment, Demoralization, Home Foreclosure, Politics […]

Feeder Fund Investors Not Counted As Madoff Victims

NEW YORK (Jonathan Stempel) – Investors in “feeder funds” who lost money in Bernard Madoff’s Ponzi scheme do not qualify as customers of the now-…

Read more: Fraud, Feeder Funds, Bernard L. Madoff Investment Securities LLC, Securities Investor Protection Corp, Bankruptcy, Irving Picard, Ponzi Scheme, Cayman Islands, British Virgin Islands, Bernard Madoff, Judge Burton Lifland, […]

Georgialee Lang: How to Blow a Billion Dollars

These days millionaires abound, mainly because of the highly inflated value of real estate in certain locales. But billionaires? Far and few between. Think it’s not possible for a billionaire to go broke? Think again.

Iranian-born, American billionaire Patricia Kluge hit the jackpot when she married self-made television mogul John Kluge in 1982. Mr. Kluge […]

Big Sales At Borders Hurts Barnes & Noble’s Profits

NEW YORK (Phil Wahba) – Barnes & Noble Inc (BKS.N), the largest U.S. bookstore chain, reported a deeper quarterly loss on Tuesday as sales came under pressure from the going-out-of-business sales of bankrupt rival Borders Group Inc, and shares fell more than 4 percent.

Barnes & Noble reported a loss of $59.4 million, or […]

Susan T. Spencer: On The Verge Of Bankruptcy? 5 Tips To Survive

If you are a small business owner that is still in business after the most recent economic downturn — that doesn’t mean you are out of the woods. If your company is struggling, face the facts about the health of your business, and then come up with a strategy.

I owned a company that inevitably […]

Grant Cardone: Turn Around King to US Debt

While the US national debt is exploding to historic levels, it is not the problem that the media or politicos makes it out to be. The US debt situation is being used to terrorize and polarize voters while distracting US citizens of the real issues and the unwillingness of either party to provide real solutions. […]

Carol Roth: ‘Til Death (or Bankruptcy) Do Us Part

Many couples consider working together, whether jointly starting or buying a new business, having one person join the other in an existing business or even working at the same established entity. If you and your significant other have talked about this, you may be wondering if this something you should consider.

While there is no […]