South Africa`s Kyalami track to be sold

South Africa`s Kyalami racetrack, which hosted Formula One Grand Prix races for nearly two decades, will be sold and could be lost to motorsport, auction organisers said Wednesday.

Tokyo court starts Mt. Gox bitcoin bankruptcy proceedings

Bankruptcy proceedings began today for the Mt. Gox bitcoin exchange, a move that was widely expected after the Tokyo District Court decided earlier this month that the company would not be able to resurrect itself.

Ex-accountant slams Rihanna

Rihanna`s ex-accountant Peter Gounis has claimed that the R&B star spent her money on shopping and extravagant parties, which gave her financial troubles.

Rihanna blames accountant for bankruptcy

Rihanna claims that her accountant made so many wrong decisions that he blew her fortune and she was "effectively bankrupt" by the end of 2009.

Aaron Carter files for bankruptcy

Aaron Carter is taking control of his finances as his rep has confirmed that he has filed for Chapter 7 bankruptcy.

Lindsay Lohan`s ex Calum Best files for bankruptcy

Troubled star Lindsay Lohan`s former boyfriend Calum Best has filed for bankruptcy.

Judge stops lawsuits against Detroit bankruptcy

A federal judge agreed with Detroit and stopped any lawsuits challenging the city`s bankruptcy.

Detroit, symbol of industrial America, goes bankrupt

Detroit filed the largest municipal bankruptcy in the US history on Thursday.

Eva Longoria’s beau filed for bankruptcy in 2012 after racking up more than $4M in debts

Eva Longoria`s new love, Ernesto Arguello had filed for bankruptcy in 2012 with allegedly 4 million dollars in debt , according to reports.

Kerry Katona cancels wedding, looks for smaller house following bankruptcy

Kerry Katona has cancelled the plans of her lavish wedding and is looking for a small house after being declared as bankrupt for the second time in five years.

Heart-break causes more suicides than unemployment: NCRB report

More people in India end their lives due to heart-break than unemployment or bankruptcy.

`Pakistan State Oil near bankruptcy due to energy debt crisis`

Continuous cash flow problems due to a debt crisis in the energy sector has brought Pakistan`s only public sector oil marketing company Pakistan State Oil (PSO) close to bankruptcy, a report has said.

California city heading to bankruptcy court

After years of struggles, a Central California city is poised to become the most populous in the US to enter bankruptcy when its trial begins on Monday in federal court.

Cyprus’ largest bank warns economy ‘on the brink’

Cyprus’ largest bank has warned that the Cypriot economy is ‘on the brink’ and immediately needs a liquidity lifeline from Europe.

Cyprus banks to remain closed another two days

Cyprus` banks will remain closed Thursday and Friday as officials try to find a new plan to stave off bankruptcy.

CSI actor Gary Dourdan files for bankruptcy

Former CSI star Gary Dourdan has filed for bankruptcy.

Apple seeks court permission to sue Kodak

Apple Inc has asked a bankruptcy court for permission to sue Eastman Kodak, accusing it of infringing its patents.

‘TMC leading Bengal into financial mess’

Chief Minister Mamata Banerjee had often charged the Left
Front government with leading the state to a bankruptcy with a
loan burden of around Rs 2 lakh crore.

Italy’s Mario Monti wins confidence vote

Italy`s new premier
appealed to Italians to accept sacrifices to save their
country from bankruptcy, but pledged economic growth and social cohesion.

Philadelphia Orchestra declares bankruptcy

The acclaimed Philadelphia Orchestra has said it would file for bankruptcy, the first major US performance ensemble to do so during the nation`s current economic turmoil.