Shopko stores throughout Montana will be closing soon due to the company’s bankruptcy filing, and in addition to the loss of local jobs, Montana officials are advising gift card holders to redeem them soon.
Officials in a small Montana town say they will have to disincorporate the community or declare bankruptcy over an ongoing dispute with the Blackfeet Tribe about water and utility services.
The FBI and the U.S. Department of Labor are investigating the bankruptcy of a Montana appliance and electronics store that rendered its Employee Stock Ownership Plan worthless.
A judge has approved a debt plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to reorganize more than $900 million in long-term debt.
DETROIT (AP) — Detroit's state-appointed emergency manager says that a month before the city filed for bankruptcy he thought it could be avoided but only with concessions from creditors that never came.