Well, it's not much of a surprise at this point, but Eastman Kodak Co, the 131-year-old film company, officially filed for bankruptcy today. more ›

These are tough times for Twinkies fans. Only two years after coming out of bankruptcy it appears that Hostess Brands, which owns Twinkies and Wonder Bread among other indestructible food brands, may be about to declare Chapter 11 again. The company hired restructuring advisors earlier this year and reportedly "has not been paying future pension benefits since August, thereby breaking its union contracts." more ›

This morning, AMR, the company that owns American Airlines, announced it would file for Chapter 11 reorganization in the U.S. bankruptcy court in New York City, explaining, "We must address our cost structure, including labor costs, to enable us to capitalize on these foundational strengths and secure our future. Our very substantial cost disadvantage compared to our larger competitors, all of which restructured their costs and debt through Chapter 11, has become increasingly untenable given the accelerating impact of global economic uncertainty and resulting revenue instability, volatile and rising fuel prices, and intensifying competitive challenges." more ›

This has not been a good year for bagel emporium H & H Bagels. Last May owner Helmer Toro pleaded guilty to second degree grand larceny for pocketing $330,000 in payroll taxes and yesterday he went and filed for Chapter 11 bankruptcy protection to avoid being locked out of its New Jersey manufacturing facilities. Well, technically its parent company, Garden Operation Realty LP, did the filing. more ›

After being forced to fork over $2.3 million in back wages for more than 800 workers at nine restaurants, the Ollie's Noodle Shop mini-chain is filing for bankruptcy. Ollie's has three Manhattan locations, two on the Upper West Side and one in Times Square; owner Tsu Yue Wang expects to keep the restaurants open while filing for Chapter 11. Wang still owes some $250,000, which is due within the next five months. more ›

A U.S. Bankruptcy Court judge decided to postpone his decision regarding Chrysler's bankruptcy filing after objections from some of the automaker's lenders. Bloomberg News reports:

A group of Chrysler LLC’s secured lenders is seeking to block the bankrupt company’s plan to sell its business at auction this month, arguing that the U.S. government is violating federal law in order to preserve the automaker. more ›