Twinkie maker is in the fight for its life.
| Tags: | bankruptcyJonathan Berr |
Now that the carrier has filed for bankruptcy protection, here's what you need to know.
A Michigan city couldn't pay $4 million in past-due bills, so the power company took out most of the streetlight poles to settle the debt.
Consumers who are overwhelmed by debt have more options than the government does to fix the problem.
There are no guarantees how long it will be good, and every moment you wait, the pickings get slimmer.
Perhaps regular folks can learn some lessons on what not to do with money as the McCourt financial drama plays out.
A little-known provision in bankruptcy law has been used in hundreds -- maybe thousands -- of Bay Area cases to eliminate second mortgages.
They're extremely well-reimbursed by anything but Wall Street standards, but too many are ill-prepared if the cash spigot stops flowing because of a work stoppage.
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