After receiving $13.4 billion from the Federal Government (in loans) General Motors is still considering possible Chapter 11 bankruptcy. General Motors is now seeking $30 billion from the government to save it from Chapter 11. However, over the last three years GM has increased its losses to an wooping $82 billion. GM’s $82 billion [...]

One of the largest office supply chains “Office Depot” plans to close under-performing stores.  To-date Office Depot plans to close 112 stores.  Is your Office Depot store on the list?  Because a list of actual store closings has not been release — if your Office Depot store is located in the following regions than it [...]

  In these stressful economic times, another company is considering bankruptcy.  The Tribune Company which provides the Tribune Newspaper went private a year ago.  However, today the Tribune is currently having problems paying their debt services.  The Tribune publishes newspapers in the following locations: Chicago, Los Angeles, Baltimore, Orlando, South Florida, Connecticut, Pennsylvania and Virginia. [...]