A new law could make it easier for businesses to file for Chapter 11 bankruptcy and remain open, with more leverage for small businesses and...
The retail world was rocked by more bankruptcy news on Wednesday (July 8), as Brooks Brothers officially announced its long-rumored bankruptcy and women’s fashion icon...
Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported....
Vitamin store chain GNC Holdings filed a “prepackaged” Chapter 11 bankruptcy plan, saying it has an offer to sell the company for $760 million and...
The on-again, off-again bankruptcy of JCPenney is back on. The company announced late Friday (May 15) that it will file for Chapter 11 and close...
In a move that reportedly allows for business continuity, Neiman Marcus Group said in a statement that it has received interim court approval for all...
Gold’s Gym International Inc. filed for Chapter 11 bankruptcy protection on Tuesday (May 5), citing financial disruptions created by the COVID-19 pandemic, per a company...
The Village Inn and Bakers Square restaurant chains, after years of losses, filed for bankruptcy on Monday (Jan. 27), The Wall Street Journal reported. The...
Marijuana companies’ exuberant bubble has quickly burst after just one year. The harsh reality of a cash crunch looming and burdensome U.S. regulations impede growth...