NEW YORK (AP) — A bankruptcy judge on Thursday ruled that a group representing General Motors Corp.‘s salaried retirees cannot form a formal committee to negotiate with the automaker as it attempts to reorganize and emerge from Chapter 11 as a new company.

WASHINGTON (AP) — The Supreme Court will decide whether student loans can be dismissed through bankruptcy with just a notice to the collector instead of a hearing proving that paying the money back would cause an “undue hardship.“

A summary of developments in the Chapter 11 bankruptcy cases of General Motors Corp. and Chrysler LLC…

NEW YORK (AP) — The judge overseeing Chrysler’s bankruptcy case said Thursday that the automaker has a good case for the termination of 789 of its dealer franchises as part of its ongoing restructuring.

NEW YORK (AP) - Chrysler LLC wants to eliminate roughly a quarter of its 3,200 U.S. dealerships by early next month, saying in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

NEW YORK (AP) - Chrysler’s bankruptcy is testing Wall Street’s resilience. After rising sharply in early trading Thursday, the Dow Jones industrial average pared its gains and traded flat after President Barack Obama confirmed that Chrysler LLC will be going through bankruptcy. The proceedings will last up to 60 days.

WASHINGTON (AP) - President Barack Obama asserted unprecedented government control over the auto industry Monday, bluntly rejecting turnaround plans by General Motors Corp. and Chrysler LLC, demanding fresh concessions for long-term federal aid and raising the possibility of quick bankruptcy for either ailing auto giant.

As Washington bails out banks and struggles to help homeowners, millions of average Americans are doing their own difficult math, sitting at the kitchen table, crunching numbers, and wondering about an option that creates fear and confusion for many.