Bankruptcy

Why America Cannot Afford to Let the U.S. Postal Service Go Bankrupt

Bill Boone was a fresh-faced 23-year-old in 1952 when he cast his first ballot for U.S. president, while proudly serving aboard an aircraft carrier off the coast of Korea. The U.S. Postal Service carried that vote untold miles to the election board in Boone’s hometown of Benton, Arkansas, and he’s considered “the mail” an essential …

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Future of workers uncertain as third-biggest US coal company declares bankruptcy

Coal’s decline is hitting workers first and worst. The third-largest coal company in the United States has declared bankruptcy, leaving the future of its more than 1,000 workers uncertain. The announcement is also the latest indicator that the faltering coal industry is spinning further into decline despite the efforts of President Donald Trump to save …

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Banking On Bankruptcy: Emails Suggest Negotiations With Detroit Retirees Were Designed To Fail

Even before one of their own was appointed emergency manager of the city, lawyers who were consulting with Michigan officials over the winter believed Detroit should move into bankruptcy proceedings that would free the city to walk away from its commitments to retirees. Emails between Kevyn Orr — now Detroit’s emergency manager but at the time an …

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Tribune Emerges Today from 4-year Bankruptcy, with Intent to Sell All Newspapers, TV Stations

Warren Buffett or civic-minded local investors in L.A., Chicago, Baltimore or other Tribune cities might be unable to purchase the papers individually, unless or until they were broken up by a subsequent owner.  The newspaper sale has been anticipated for months, but Tribune was expected to keep and grow its broadcast business, so the offloading …

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Madeline Messa

Madeline Messa is a 3L at Syracuse University College of Law. She graduated from Penn State with a degree in journalism. With her legal research and writing for Workplace Fairness, she strives to equip people with the information they need to be their own best advocate.