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Missouri Woman Sentenced in Shreveport for False Bankruptcy Filing

A Missouri woman will serve 18 months in prison and three years of supervised release for making a false statement during a bankruptcy proceeding.

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photo of Shreveport Federal Courthouse
photo by Amanda Currier
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Woman Convicted in Shreveport Federal Court of Lying During Bankruptcy Proceedings

A woman who federal prosecutors have described as a serial bankruptcy filer has been convicted in Shreveport Federal Court of lying during bankruptcy proceedings.

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Detroit Michigan
Bill Pugliano, Getty Images
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Did Liberalism Bankrupt Detroit?

Detroit has filed for bankruptcy, and many are trying to figure out who or what caused the city to be around $19 billion in debt. Rush Limbaugh claims "unchecked" left-wing ideologies have run the city into the ground.

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twinkies
Christian Cable, Flickr
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Judge Says Hostess Must Mediate with Union

Twinkies won't die that easily after all.

Hostess Brands Inc. and its second largest union will go into mediation to try and resolve their differences, meaning the Irving, Texas-based company won't go out of business just yet. The news came Monday after Hostess moved to liquidate and sell off its assets in bankruptcy court citing a crippling strike last week.

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Category: National News Tags:
Justin Sullivan, Getty Images
Justin Sullivan, Getty Images
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California City Will Be the Largest to Ever Declare Bankruptcy

California has certainly had its share of financial woes, and now the city of Stockton, about 80 miles east of San Francisco, is set to become the largest American municipality to declare bankruptcy.

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Category: National News Tags:
Joe Raedle, Getty Images
Joe Raedle, Getty Images
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Many Americans Expected to Be Too Broke to File for Bankruptcy — Dollars and Sense

Some major companies and corporations such as MF Global and AMR, the parent company of American Airlines, have filed for bankruptcy.

In the process, they may have, directly or not, caused some people to go bankrupt.

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Category: National News Tags:

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