LITE 98.7 » bankrupcy

Dionne Warwick Declares Bankruptcy With a $10 Million Tax Debt

Ryan Anderson — Wed, 27 Mar 2013 14:19:19 +0000

Looks like crooner Dionne Warwick won’t be able to ‘Walk on By’ the IRS. The songstress has filed for bankruptcy, claiming she has $25,000 in assets but owes $10.2 million to Uncle Sam. You’d think Miss Cleo would’ve warned her about this. TMZ reports that Warwick’s rep Kevin Sasaki chalked up the mess to “negligent and [...]

Kodak Files for Chapter 11 Bankruptcy Protection — Dollars and Sense

Shauna Wright — Thu, 19 Jan 2012 21:09:43 +0000

If you want to capture a Kodak moment, you may need to be in bankruptcy court to do it these days — the iconic photography company filed for Chapter 11 protection on Wednesday. Since 2003, Kodak has closed 13 manufacturing plants and 130 processing labs, and cut 47,000 workers from its workforce — all in [...]

Hostess Files for Bankruptcy — Here Are 10 Hostess Snacks You May Have Forgotten [IMAGES, VIDEOS]

Jeremy Taylor — Wed, 11 Jan 2012 20:45:36 +0000

It has long been said that a Twinkie would survive a nuclear war. But Hostess, the company that makes the treats, is not so immortal.

In fact, Hostess is expected to file for bankruptcy this week, citing over $800 million in debt. While there is a good chance Hostess will be able to reorganize or be bought out by another company — ensuring Twinkies, Ding Dongs and Ho Hos will remain in stores — it’s possible that this could spell the end of the line for the tasty snack cakes we all grew up on.