The PMI Group files for Chapter 11 Bankruptcy
As a result of a previously-announced seizure by the Director of the Arizona Department of Insurance of its primary regulated subsidiaries on Oct. 20, 2011, The PMI Group Inc. has announced that it has filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
A Dallas-based power company says it may file for Chapter 11 bankruptcy to restructure $32 billion in debt.