John Pulsifer, 57, of Scarborough, who used to own Ford, Lincoln-Mercury, Subaru and Volkswagen dealerships, filed for bankruptcy in 1991, listing $1.55 million in assets against more than $9 million in debts. The new Jolly John Auto City in Saco, in which Pulsifer has no equity stake, is now the leading Chrysler dealership in the state, and some of the 100 creditors who lost money when Pulsifer went bankrupt are touchy about his new success. Details
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General Motors faced severe economic problems in 2008 and 2009. To improve their corporate viability...
Peter N. Connell, a 20-year veteran of the manufactured housing industry who in 1992 became presiden...
John Roberts, the Biddeford clothing manufacturer, on Tuesday filed Chapter 7 papers in U.S. Bankrup...
Hansen Chrysler-Plymouth, founded in 1915, has gone out of business. The dealership filed for prote...
In both Chrysler and General Motors, the government was, among other things, a large creditor exerci...
In the past five years, three of the most remarkable bankruptcy cases in American history have come ...
At first glance, the Incredible Auto Sales, LLC (“Incredible Auto”) Chapter 11 bankruptcy appeared f...
Over the last ten years, 15.1 million people owning 16.4 million cars filed for bankruptcy. These ca...
By common account, the reorganizations of Chrysler and General Motors were extraordinary cases, very...
The interesting issue in Chrysler is not the lawyers’ manipulation of the law; it is the politicians...
Chrysler entered and exited bankruptcy in 42 days, making it one of the fastest major industrial ban...
The bankruptcy woes of Chrysler and General Motors will affect the handful of Maine auto dealers who...
St. Johnsbury Trucking Co. once did $300 million in business and was the largest trucking company in...
As usual, my colleague Jim White has hit many nails on many heads. Also as usual, however, I’m going...
For many entrepreneurs, bankruptcy is the unfortunate end of what began as a business dream. The bir...
General Motors faced severe economic problems in 2008 and 2009. To improve their corporate viability...
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John Roberts, the Biddeford clothing manufacturer, on Tuesday filed Chapter 7 papers in U.S. Bankrup...