St. Vincent Catholic Medical Centers is set to emerge from bankruptcy more than two years after filing for Chapter 11 protection, after a court confirmed its reorganization plan. Hospital officials said the plan was approved Friday, paving the way for the corporation to come out of bankruptcy by Labor Day. “Chapter 11 is a daunting process to go through … and this has been a long process,” St. …

Read full story

Delta Air Lines’ shares were down about 3 percent Monday afternoon, hitting their lowest level since the airline emerged from bankruptcy three months ago. Delta’s slipping stock price came as the airline began distributing 21 million additional shares Monday to creditors as it resolves various disputes from its bankrputcy restructuring. Calyon Securities analyst Ray Neidl said the additional …

Read full story

Question 1: Are mutual funds or retirement plans protected in the event of a bankruptcy or foreclosure? - Anonymous

Read full story

Power producer Calpine put its bankruptcy reorganization plan on hold so it can talk with unidentified third parties about an alternative that would give creditors a guaranteed payout.

Read full story