Spokane Diocese to File for Bankruptcy
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The Roman Catholic Diocese of Spokane, unable to settle sexual abuse lawsuits, will file for bankruptcy at the end of the month, the bishop said Wednesday.
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The Roman Catholic Diocese of Tucson filed for bankruptcy Monday, becoming the second U.S. diocese to seek court protection because of the cost of clerical sex abuse cases.
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Interstate Bakeries Corp., parent company of the Wonder Bread plant in downtown Columbus, on Wednesday filed for Chapter 11 bankruptcy protection.
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US Airways Group headed to bankruptcy court Monday to seek permission to keep flying during its second bankruptcy filing in two years.
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The cardinals of two of the most   important Roman Catholic dioceses in North America were accused   in a lawsuit filed on Tuesday of allowing a priest wanted for   multiple sex abuse to flee California for Mexico.
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INDIANAPOLIS An attorney says the parent company of the nation&#39;s tenth-largest airline is expected to file for bankruptcy today.
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An investor group has filed a petition in court to declare bankrupt the flagship fund of hedge fund firm Ritchie Capital Management, the law firm representing the investor group said on Thursday.
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The Catholic Diocese of Spokane has emerged from bankruptcy 2 1/2 years after filing for Chapter 11 protection because of sex abuse cases. Now, Bishop William Skylstad and parishioners must raise $48 million to settle victims' claims.
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PORTLAND, Oregon  - The Catholic Archdiocese of Portland, Oregon, has settled most of the 175 sex abuse claims filed against it, bringing it closer to emerging from bankruptcy, judges involved in mediating the claims said on Monday.
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Interstate Bakeries Corp. filed for  bankruptcy on Wednesday after struggling with more than $1.3  billion in debt and weak demand for bread products amid the  popularity of low-carbohydrate diets.
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The bishop of Spokane, Wash., was elected president of the US Conference of Catholic Bishops yesterday, despite his intent to declare his diocese bankrupt in the next few weeks.
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KANSAS CITY, Mo. Interstate Bakeries Corp. filed for Chapter 11 bankruptcy protection yesterday, a casualty of rising costs and reduced demand for carbohydrate-rich breads and pastries.
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The Roman Catholic Diocese of Spokane filed for bankruptcy protection yesterday, saying it did not have the money to cover lawsuits filed by alleged victims of clergy abuse.
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The cash-strapped airline said in a bankruptcy court filing today that it "likely" will be necessary to terminate and replace its employee pension plans.
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While the city of Spokane is racing to get out of federal court, the local Catholic Church is plunging head-long in, and now the fate of the Spokane Diocese rests in the hands of a federal judge.
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By becoming only the third diocese nationally to seek shelter in bankruptcy court, the Roman Catholic Diocese of Spokane is hoping the court will help provide a clearer picture of its financial liability in mounting sex-abuse lawsuits and goad its
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The nation's Roman Catholic bishops are holding their fall meeting this week during troubled times for the U.S. church.