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Bankruptcy

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From Billboard hits to bankruptcy: TLC's downfall

Ronda Racha Penrice
OPINION - It's sad that T-Boz has had to file bankruptcy once again. It's even sadder that this seems to be the reality for far too many music artists...
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TLC singer T-Boz has filed for bankruptcy

theGrio
TMZ - According to docs filed last month in U.S. Bankruptcy Court, T-Boz (real name Tionne Watkins) found herself owing creditors $768,642.99 -- mostly from mortgages on her $1.2 million house...
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Detroit mayor: 1,000 job cuts amid budget crisis

theGrio
DETROIT (AP) - Detroit plans to cut 1,000 jobs by early next year to help deal with the city's budget crisis and avoid the possibility of a state-appointed emergency financial manager...
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Detroit Mayor vows to prevent bankruptcy, takeover

Jay Scott Smith
DETROIT - With the city of Detroit facing potential bankruptcy, Mayor Dave Bing vowed to make significant cuts to balance the city's budget...
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Detroit mayor to declare city on brink of bankruptcy

Jay Scott Smith
theGRIO REPORT - The city of Detroit could face potential bankruptcy by next Spring if significant cuts are not made. Mayor Dave Bing is set to address the city's long-mounting financial crisis this evening...
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Toni Braxton attempts to bring truth to reality TV

Chris Witherspoon
OPINION - Viewers who once winced at the notion of watching a reality show with black characters just might find the realities of the Braxton family to be a breath of fresh air...
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Should Toni Braxton take her clothes off for Playboy?

Clutch Magazine
OPINION - The singer tweeted that she wants to freshen things up for the New Year and may accept the venerable skin rag's offer to grace its cover...
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Will BP go bankrupt? Shares plunge on spill fallout

theGrio
LONDON (AP) - The share price falls in London and New York have wiped out around half the company's market value since the spill began with an April 20 rig explosion in the Gulf...
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theGrio

Detroit bankruptcy looms without drastic change

theGrio
Mayor Dave Bing and the City Council must reduce the size of government and slash the city's budget deficit to stave off bankruptcy or state receivership, according to a report released Monday.
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Scandal woes lead ACORN to brink of bankruptcy

theGrio
From The New York Times - At least 15 of ACORN's 30 state chapters have disbanded and have no plans of re-forming, while the national organization faces a bankruptcy filing...
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