Hawaii Medical Center is filing for Chapter 11 bankruptcy protection because one of its lenders refused to extend existing loan agreements.

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While the bankruptcy filing rate for those younger than 55 has fallen, it has soared for older Americans, according to a new analysis from the Consumer Bankruptcy Project, which examined a sampling of noncommercial bankruptcies filed between 1991 and 2007. The older the age group, the worse the bankruptcies became - people 65 and older became more than twice as likely to file during that period, …

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Zoom Airlines, a Canadian discount transatlantic carrier stung by sky-high fuel costs, canceled all flights and began bankruptcy proceedings on Thursday, stranding passengers at several airports.

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TORONTO, Aug. 28 (UPI) — Zoom Airlines, a carrier offering discount flights between Canada and Britain, said Thursday it is filing for bankruptcy.

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