Nextel carrier NII files for bankruptcy protection as debt soars
The decision should allow Reston, Virginia-based NII Holdings to restructure debt with creditors by turning them into shareholders, sources with direct knowledge of the situation said. NII Holdings operates in several countries in Latin America under …
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RadioShack says it may have to file for bankruptcy
Should it fail to find a solution outside of bankruptcy court, RadioShack may be forced to file for Chapter 11 bankruptcy protection, the company said. Once a central player in the technology world, RadioShack began to look increasingly obsolete as the …
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Judge: City must pay creditors and pension fund
The ruling was prompted by a key creditor's contention that pension obligations should be treated like other debts. The judge has not yet ruled on the city's overall plan for exiting bankruptcy, which includes continued payment of its pension obligations.
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