You Searched For "bankruptcy protection" and got 19 results
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1 min read
Quiznos Has Filed For Bankruptcy Protection
"The actions we are taking are intended to enable Quiznos to reduce our debt, execute a comprehensi…
Hayley Peterson
1 min read
US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic continues to slam businesses
This year, 424 companies have gone bankrupt through August 9, surpassing the number of filings duri…
Carmen Reinicke
1 min read
Spirit Airlines to keep flying after filing for bankruptcy protection
Spirit said in a filing announcing bankruptcy protection that it would continue all its normal oper…
Pete Syme
2 mins read
PG&E soars after filing for bankruptcy protection
"We believe the process is likely to be lengthy," UBS analyst Daniel Ford told clients in a note ou…
Rebecca Ungarino
1 min read
Bankruptcies have hit the fastest pace since the Great Recession — and more companies are expected to file
This year alone, 98 companies have filed for bankruptcy, the most since 2009, according to Bloomber…
Carmen Reinicke
1 min read
Ann Taylor parent company Ascena will reportedly close 1,200 stores across its brands as it prepares for bankruptcy
Under its Chapter 11 arrangement, Ascena would shed about $700 million from its $1.1 billon debt lo…
Shalini Nagarajan
2 mins read
What is Chapter 15 bankruptcy? Here's what to know about the obscure protection Virgin Atlantic is seeking
Chapter 15 allows US and foreign courts to cooperate when assets are spread between countries — as …
David Slotnick
2 mins read
Luckin Coffee, a Chinese Starbucks competitor, files for US bankruptcy protection, as it attempts to recover from a $180 million fraudulent-accounting fine
Starbucks challenger Luckin Coffee on Friday filed for US bankruptcy protection, as it recovers fro…
Kevin Shalvey
1 min read
Red Lobster could file for bankruptcy this month following the closure of 50+ stores: WSJ
Red Lobster could file for Chapter 11 bankruptcy protection in Orlando in May. The company's financ…
Hannah Getahun
3 mins read
PG&E is plunging after report says it still plans to seek bankruptcy protection
Last week, the company said it intended to file bankruptcy petitions at the end of the month to reo…
Jonathan Garber
1 min read
Hertz tanks 25% after filing to sell up to $500 million in potentially 'worthless' stock
The move comes just after Hertz shares surged nearly 70% Friday when the company won bankruptcy cou…
Carmen Reinicke
1 min read
Kmart is closing dozens of stores as parent company Sears weathers Chapter 11 bankruptcy. Here's how the discount chain fell from grace.
This isn't the first time Kmart has faced bankruptcy. In 2002, it filed for Chapter 11 bankruptcy p…
Jessica Tyler
1 min read
Chuck E. Cheese files for Chapter 11 bankruptcy protection after much speculation over the children's dinnertainment chain's looming demise
It's tough times for Charles Entertainment Cheese and his animatronic buddies, and the pandemic has…
Irene Jiang
2 mins read
Redbox's parent company stopped paying employees for over a week before finally filing for bankruptcy
Redbox's owner, Chicken Soup for the Soul Entertainment, filed for bankruptcy protection on June 28…
Lauren Edmonds
1 min read
One of the largest bitcoin miners files for bankruptcy protection as token prices fall and energy costs rise
Crypto mining giant Core Scientific filed for bankruptcy on Wednesday, joining a growing list of di…
Brian Evans
2 mins read
China Evergrande, the world's most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection
Evergrande's filing came amid fears of widening economic woes in China as the country's real-estate…
Huileng Tan
1 min read
Infowars parent company files for bankruptcy as defamation trial for Alex Jones' Sandy Hook conspiracy claims nears decision on awarding damages to victims
Free Speech Systems, the parent company that operates Infowars, filed for bankruptcy protection Fri…
Katherine Tangalakis-Lippert
1 min read
Bahamas says it directed FTX to move digital assets for 'safekeeping' as the crypto firm plunged into crisis
FTX said in its bankruptcy filing there was "credible evidence" the Bahamian government was "direct…
Carla Mozée
1 min read
'Girls Gone Wild' Files For Bankruptcy So Vegas Mogul Steve Wynn Can't Get Its Money
"One of the things that will be accomplished through the bankruptcy process is the weeding out of s…