Money Pains

The company, owned in part by its 216 employees, will reorganize under Chapter 11 of the federal bankruptcy code, according to a statement from the company’s president and chief executive officer, Mike Siebers.

The company, owned in part by its 216 employees, will reorganize under Chapter 11 of the federal bankruptcy code, according to a statement from the company’s president and chief executive officer, Mike Siebers.

Fraudulent transfer and breach of fiduciary duty claims have been leveled against companies and individuals associated with the Xyience Inc. energy drink bankruptcy case, charging they left the Las Vegas company with no assets and tens of millions of dollars of unpaid debts.

Fraudulent transfer and breach of fiduciary duty claims have been leveled against companies and individuals associated with the Xyience Inc. energy drink bankruptcy case, charging they left the Las Vegas company with no assets and tens of millions of dollars of unpaid debts.

Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.

Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.

NOR flash vendor Spansion said it plans to emerge from bankruptcy early in 2010 after posting a GAAP net income of $1.5 million for the quarter ended Sept. 27, despite declining sales.

NOR flash vendor Spansion said it plans to emerge from bankruptcy early in 2010 after posting a GAAP net income of $1.5 million for the quarter ended Sept. 27, despite declining sales.

NEWARK, N.J. – Billionaire investor Carl Icahn plans to pump still more cash into his bid to buy Donald Trump’s bankrupt casinos, according to papers filed in federal court.

NEWARK, N.J. – Billionaire investor Carl Icahn plans to pump still more cash into his bid to buy Donald Trump’s bankrupt casinos, according to papers filed in federal court.