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Bankruptcy

Dionne Warwick accepts the Lifetime Achievement Award onstage at the 2012 MOBO awards at Echo Arena on November 3, 2012 in Liverpool, England. (Photo by Samir Hussein/Getty Images)

Dionne Warwick files for bankruptcy, owes over $10 mil

Associated Press
NEWARK, N.J. (AP) — Singer Dionne Warwick owes nearly $10 million in back taxes and has filed for bankruptcy...
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In this March 14, 2013 file photo, Washington-based attorney Kevyn Orr speaks at a news conference in Detroit. Orr starts work Monday, March 25, 2013, as Detroit’s emergency manager and the turnaround expert says his first tasks will be reviewing the city’s financial data and listening. (AP Photo/Paul Sancya, File)

Detroit emergency manager offers 'olive branch'

Corey Williams, Associated Press
DETROIT (AP) - Detroit's new emergency manager offered a "sincere olive branch" Monday to local leaders who fought against creating his job, even as a crowd of protesters rallied outside City Hall during his first day trying to revive the city's beleaguered finances...
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This undated photo provided by Jones Day shows attorney Kevyn Orr. Michigan Gov. Rick Snyder announced Thursday, March 14, 2013 that Orr, a bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring, has been named Detroit's emergency manager. (AP Photo/Courtesy Jones Day)

Black Dem named Detroit's emergency manager

Jay Scott Smith
theGRIO REPORT - The state’s emergency financial assistance board unanimously approved Orr an hour later making Detroit the largest city to fall under emergency management...
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Michigan Gov. Rick Snyder addresses the media in his office in Detroit, Thursday, Feb. 21, 2013. The governor said that he's at least a week away from deciding if Detroit needs an emergency manager to confront its $327 million budget deficit and $14 billion long-term debt. Snyder told reporters that he considers the city's drastic population loss over 60 years to be the main reason for its financial woes. (AP Photo/Carlos Osorio)

Michigan gov says Detroit financial manager job has few takers

Corey Williams, Associated Press
DETROIT (AP) - Michigan Gov. Rick Snyder says some people are already saying they don't want the job of fixing Detroit's financial woes...
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(Photo by Spencer Platt/Getty Images)

GOP state senator supports 'dissolving Detroit'

Jay Scott Smith
theGRIO REPORT - For the third time this year, the city of Detroit is staring at potential bankruptcy as legal wrangling over 'control' has caused $10 million in state aid to be withheld from the city...
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Toni Braxton

Filing for bankruptcy? Avoid Toni Braxton's alleged mistakes

Ann Brown, Madame Noire Business
Her recent "scandals" could actually happen to anyone if they don’t know the rules or they try to do a runaround the laws. If you are filing, check the bankruptcy laws in your state.
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(Photo by Alberto E. Rodriguez/Getty Images)

Toni Braxton accused of credit fraud

Ugonna Okpalaoka
theGRIO REPORT - Toni Braxton has been accused of illegally transferring money to her estranged husband in an effort to avoid paying creditors in her ongoing bankruptcy case...
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Dylan Brown, left, founder of The Yard Entertainment, and Philip Atwell, owner of Geronimo Films, pose with models of the Tupac Shakur hologram at the Subtractive Studio in Santa Monica, Calif. When Tupac Shakur rose from the stage in the California desert earlier this year, it was not only a jaw-dropping resurrection, but also the beginning of a new form of live entertainment. Stars wield extensive control over how their names, voices and images are used after they die through likeness, trademark and copyright protections, and now holograms offer them yet another consideration. (AP Photo/Damian Dovarganes)

Tupac hologram creators go bankrupt

Associated Press
PORT ST. LUCIE, Fla. (AP) - Less than a year after going public, the digital production company founded by director James Cameron has filed for Chapter 11 bankruptcy protection and agreed to sell the core of its business to a private investment firm for $15 million...
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At podium - Attorney Renardo Hicks, chief legal counsel for Morris Brown College. (photo by Jerome Dorn)

Hundreds gather for prayer vigil at Morris Brown

Kunbi Tinuoye
theGRIO REPORT - Friends, family and supporters of Morris Brown College converged on the school’s campus over the weekend for a special 'National Day of Prayer'...
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(image courtesy of Morris Brown College)

Morris Brown files for bankruptcy

Associated Press
ATLANTA (AP) - Facing more than $30 million in debt, Morris Brown College officials have filed for Chapter 11 bankruptcy...
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