Jun 27, 2012
Stockton's Vice Mayor Kathy Miller has lived in the California city for 15 years. She talks about what the bankruptcy will mean for residents.
Jun 5, 2012
The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Jun 1, 2012
Tess is joined by senior producer Paddy Hirsch and credit expert Liz Weston to talk about credit utilization, bankruptcy amongst seniors, and the down side of buying real estate for your kids.
May 29, 2012
Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.
May 29, 2012
Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.
May 18, 2012
The city of Stockton, Calif. has been hit hard by the financial crisis. With the city on the verge of bankruptcy, residents share what it's like when your town is teetering on the brink.
May 8, 2012
Hercules, Calif. was on the brink of bankruptcy. So the town made major sacrifices to stay solvent.
Apr 27, 2012
The fashion designer Betsey Johnson has filed for bankruptcy protection. Dozens of the fashion designers' stores will close, and hundred of employees will be laid off.
Mar 26, 2012
The parent company of American Airlines wants more concessions from unions, or it'll push to cancel existing labor contracts.
Mar 21, 2012
Current laws make it very hard for student loans to be forgiven. There's a proposal now in Congress that would change that.