Postal Bankruptcy Would Hit Rural US The Hardest

By Brian Wakamo, Scott Klinger and Sarah Anderson, -

As postal workers strain to meet demand for deliveries of medicine, food, and other essentials, the U.S. Postal Service is facing potential financial collapse due to plummeting mail revenue. [...]

The Cost Of This Pandemic Must Not Bankrupt The People

By Vijay Prashad and Manuel Bertoldi, Globetrotter, a project of the Independent Media Institute. -

The global pandemic of COVID-19 has spread to almost every country on the planet earth. The virus will take many lives, disrupt communities and institutions, and leave behind trauma and a [...]

UVA Suspends Medical Lawsuits In Wake Of KHN Investigation

By Jay Hancock and Carmen Heredia Rodriguez, Kaiser Health News. -

Charlottesville, Va. — Under pressure after Kaiser Health News reported Monday that it sues thousands of patients a year and sends many into bankruptcy, University of Virginia Health System [...]

Exclusive: OxyContin Maker Prepares ‘Free-Fall’ Bankruptcy As Settlement Talks Stall

By Mike Spector and Jessica DiNapoli, -

(Reuters) - OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid [...]

How Chicago Ticket Debt Sends Black Motorists Into Bankruptcy

By Melissa Sanchez and Sandhya Kambhampati, -

MY LAST SUMMER, Laqueanda Reneau felt like she had finally gotten her life on track. A single mother who had gotten pregnant in high school, she supported her family with a series of jobs at [...]

Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies

By Mary Papenfuss, -

Dairy farmers were counting on China milk buyers before the trade war. “The problem is both nations have stubborn leaders,” an industry analyst said. Hard times for farmers got tougher with [...]

Two-Thirds Of Bankruptcy Still Caused By Medical Illness And Medical Bills

By Staff, -

Medical problems contributed to 66.5% of all bankruptcies, a figure that is virtually unchanged since before the passage of the Affordable Care Act (ACA), according to a study published yesterday [...]

‘Retail Apocalypse’ Is Just Beginning

By Matt Townsend, Jenny Surane, Emma Or and Christopher Cannon, -

By Matt Townsend, Jenny Surane, Emma Orr and Christopher Cannon for Bloomberg. The so-called retail apocalypse has become so ingrained in the U.S. that it now has the distinction of its own [...]

Westinghouse Bankruptcy Exclamation Point In Downward Spiral Of Nuclear Energy

By Staff, -

By Staff of Green Peace - Toshiba/Westinghouse is responsible for building more nuclear reactors worldwide than any other entity. With the financial meltdown of Westinghouse, Toshiba also [...]

Oil And Gas Bankruptcies Set To Double This Year

By Peter Taberner, -

By Peter Taberner for Naked Capitalism - Creditors from bankrupt oil and gas companies are suffering in the current climate, as loan recovery rates have plummeted while insolvencies have [...]

Organizers: Peabody Coal Will Not Escape Justice Via Bankruptcy

By Kelly Hayes, -

By Kelly Hayes for Truthout - Missouri activists have long struggled against the environmental devastation, residential displacement and unsafe labor practices of Peabody Coal, the world's [...]

World’s Largest Coal Company Files For Bankruptcy

By Tracy Rucinski, -

By Tracy Rucinski for Reuters - Leading global coal producer Peabody Energy Corp (BTU.N) filed for U.S. bankruptcy protection on Wednesday after a sharp drop in coal prices left it unable to [...]

End Of Coal: Largest US Coal Producer Moving Toward Bankruptcy

By Jessica DiNapoli, -

By Jessica DiNapoli for Reuters - March 16 Peabody Energy Corp, the largest U.S. coal producer, may have to seek bankruptcy protection, the company said in a regulatory filing on Wednesday, [...]

This City Could Become The Next Detroit

By Carl Gibson, -

Starting this week, 25,000 households in Baltimore will suddenly lose their access to water for owing bills of $250 or more, with very little notice given and no public hearings. Rita, a [...]

Will Banks Gain Will Workers Lose In Detroit Bankruptcy?

By Diane Bukowski, -

Despite celebrations in the skyscrapers of Wall Street and the U.S. regarding Detroit bankruptcy active and retired employee votes announced July 21, allegedly in favor of huge pension and health [...]