19 Search results for "bankruptcy"

  The man who was once referred to as “inVINCEable” has joined a growing list of ex-NFL stars who have filed for bankruptcy. Vince Young, 30, the former University of Texas quarterback, and current NFL free agent filed Chapter 11 bankruptcy protection. 

A bankruptcy judge has ruled that the city of Detroit is eligible for Chapter 9 bankruptcy. The ruling makes the city the largest municipality in the country to go through the process.

Detroit, Michigan is officially the biggest city in U.S. history to file for bankruptcy. Many fear massive layoffs, higher fees, and the scaling back of a variety of services. From NewsOne: Detroit lost a quarter-million residents between 2000 and 2010. A population that in the 1950s reached 1.8 million now struggles to stay above 700,000. […]

It has only been 9 days since President Obama left office and a new administration took over in his place. Since then, Trump has signed a number of executive orders including but not limited to: an order starting the process to create a wall on the US-Mexico border, an order seeking the “prompt repeal of the […]

I hate the term “privilege”. Its flatness allows it to facilitate spurious claims masquerading as the work of liberation, which is why it’s so overused in neoliberal social justice spaces. It promotes dangerous assertions lacking any sort of nuance whatsoever, like “third-party voting is the height of white privilege” or “refusing to vote for Clinton […]

People who don’t understand Black hair want to talk about it without saying anything worth hearing.   For example, recently, instead of concentrating on filing for bankruptcy, rapper 50 Cent had the time to insult a woman on Instagram because of her natural hair. However, “The Hair Tales”, a video series created by writer and […]

Detroit Public Schools have been in an uncomfortable financial situation for a few years now. Teachers have had to take pay cuts in various forms and DPS is in hundreds of millions of dollars in debt. The current financial strain may get even more serious in less than a month when it could potentially run […]

With college graduates coming out of school with large amounts of student debt looming over them, many have elected to go with an income-based repayment plan to avoid default. Some will find that, even after their loans are potentially forgiven after a couple decades they may still owe a large sum due to a tax bill.

It’s a widely held perception that professional athletes peak early by earning millions of dollars before they reach the age of 30 just to lose most of it by the age of 40. But, maybe it’s time we start rewriting this narrative. To be fair, there are multiple examples of former pros struggling to maintain […]

The following post originally appeared on the Huffington Post under the title, “Black-Owned Businesses Are Quietly Powering Detroit’s Resurgence, But No One’s Talking About It.” By: Kate Abby-Lambertz Detroit will mark the first anniversary of its bankruptcy filing this Friday, and across the country,people are watching the city to see how it has survived the upheaval.

A 73-year-old retiree was taken away in handcuffs after failing to pay a $508.27 debt to a local contractor. Iheanyi D. Okoroafor was detained on June 11. 

Morris Brown College has been struggling to keep its doors open. Serving just 35 students, the HBCU has seen much better days. Now, the City of Atlanta where the college is housed, along with Friendship Baptist Church, put in a joint proposal worth $12.6 million to purchase the land.