Tagged: Bankruptcy

A severance package of $20 million might have seemed reasonable to American Airlines CEO Tom Horton, but a U.S. bankruptcy judge says it's too much.

The proposed payout, part of a deal that would merge American parent AMR and US Airways Group, first caught the attention of U.S. Trustee Tracy Hope Davis, a Department of Justice official monitoring AMR's Chapter 11 bankruptcy.

Stockton, Calif., is now the most populous city in the U.S. to enter bankruptcy, after a decision by U.S. Bankruptcy Judge Christopher Klein on Monday.

Colorado’s ongoing drought is just one of the reasons that the country’s largest Community Supported Agriculture farm (CSA) near Fort Collins filed for bankruptcy.