Bankruptcy

Radio Death March Continues, Nothing to See Here, Folks

And the Radio Death March continues with yet another bankruptcy for the broadcasters… NEW YORK (CNNMoney.com) — Citadel Broadcasting Co., the third-largest radio group in the United States, filed for Chapter 11 bankruptcy Sunday. The company, which has stations in 25 states, listed liabilities of $2.5 billion on assets of $1.4 billion, according to court…

Dear Class of 2010, Here Are Your Job Options

To those of you who will be graduating next spring, use these five industries as your starting point for locating job opportunities. The upside for those engaged in bankruptcy, union labor, regulation, lobbying and big government will be nothing short of staggering.

We Interrupt This Rally To Bring You The Following Personal Bankruptcy Stats

Since everyone loves a growth story, I thought I’d chime in with this lovely statistic on personal bankruptcy filings: According to the American Bankruptcy Institute, total bankruptcies will exceed 1.4 million for 2009, this is the highest number since 2005, and represents a 30% jump from last year’s total of 1,074,225. Now before you get excited and say, “well then I guess things…

Bank Hell: Now Serving Number 106

Here’s a stat that doesn’t get a ton of attention but continues to increase… From the AFP: WASHINGTON — The number of failed regional US banks exceeded 100, after authorities announced the collapse of seven more financial institutions around the country. A total of 106 regional banks failed in the United States this year, a…

Bohemian Bankruptcy

I don’t usually post song parody videos as the vast majority of them are corny. Every time someone sends me a video of MBA students rapping, I want to stick a fork in my eyes and pour wet concrete into my ears just to end the cringing pain. This one, however is cool. Think Freddie…

One Year After Lehman: We Don't Love These Bros.

No one misses Lehman Brothers. Yeah, I said it. On September 15th 2008, the investment bank filed for bankruptcy after 6 months of protestations by Dick Fuld, Erin Callan and the rest of the brain trust that all was well at 745 Seventh Avenue in Times Square. Enough has and will be written about the…

The Bankrupt Stock Casino Stays Open

Oooh, Superfly You’re gonna make your fortune by and by But if you lose, don’t ask no questions why The only game you know is Do or Die -from Superfly by Curtis Mayfield   I got a call the other day from a friend of mine looking to buy shares of bankrupt Lehman Brothers, which…

Bankruptcy Epitaphs 2009

Lots of high profile bankruptcies in 2009 and we’re only at the halfway point… I wrote and designed a few tombstones for our fallen corporations.  Here are The Reformed Broker’s Bankruptcy 2009 Epitaphs: Eddie Bauer Rest In Peace Too Bad Nobody Would Buy Your Fleece Six Flags 1961 – 2009 You Must Be This Tall…

Bankruptcy Bubble Bonanza in the Big Apple

The bankruptcy boom has kept New York law firms and restructuring shops humming throughout the downturn as companies and whole industries have fallen apart. From Crain’s New York: The 1,217 corporate bankruptcy filings in New York’s Southern District so far this year are nearly double the number filed in second-place Delaware over the same period,…