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The U.S. Securities and Exchange Commission made its presence felt Tuesday during the first-day bankruptcy hearing for real estate development firm the Woodbridge Group of Companies LLC, with its attorney saying it was “extremely concerned&rdqu read more

Budget rental car company Rent-A-Wreck defended its bankruptcy filing and restructuring strategy Tuesday in Delaware from an attack by the company’s founder, who said the insolvency proceeding is merely a way for the company to avoid paying a c read more

The U.S. Securities and Exchange Commission on Monday fired back at a bid by two former executives of bankrupt ITT Educational Services Inc. to toss allegations that they hid widespread student loan defaults from investors, saying there is plenty of read more

A Senate panel on Tuesday advanced a bipartisan package of changes to the Dodd-Frank Act, rejecting a slew of amendments from more liberal Democrats that could have altered the delicate framework that allowed lawmakers from both parties to produce th read more

M&G USA Corp.’s $1.7 billion Chapter 11 in Delaware bankruptcy court took a new turn Monday as an ad hoc group of construction lienholders vehemently opposed the debtors' attempts to force them to file additional info, and unsecured cre read more