Fabric and crafts retailer Joann has filed for Chapter 11 bankruptcy, as consumers cut back on discretionary spending and pandemic-era hobbies.
Filing for bankruptcy doesn't always mean the end for an American business. NEW YORK - Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by debt load, disruptions to its supply chain network and surging costs. The New York...
LOS ANGELES-The National Rifle Association announced on Friday that it is "dumping" the "toxic political environment" of New York, filing for bankruptcy and moving its organization to Texas in what the organization calls a "restructuring plan." "Today, the NRA announced a restructuring plan that...
Spirit Airlines filed on Monday for Chapter 11 bankruptcy protection, months after a federal judge blocked the budget airline's proposed merger with JetBlue. The company, which is based inFlorida, published on Monday an open letter to those who've booked tickets for the future. Flights, ticket...
American Apparel (APP) filed for Chapter 11 bankruptcy protection early Monday. The move doesn’t come as a surprise considering the companysaidin August it “may not have sufficient liquidity necessary to sustain operations for the next twelve months”. ...
The article reports on the Chapter 11 bankruptcy protection filed by Tronox for its U.S. operations, citing a need for relief from legacy environmental liabilities. The filing does not include Tronox's titanium dioxide operations outside the U.S. The company has incurred the liabilities when it...
SVB Financial states that it is seeking to use the Chapter 11 process to assess strategic alternatives for its valuable business units other than Silicon Valley Bank. Those business units, which are not debtors in bankruptcy, include SVB Securities as well as SVB Capital and its funds...
Genesis Global, a cryptocurrency lender, officially filed forChapter 11 bankruptcyin the United States Bankruptcy Court for the Southern District of New York on January 19. The failure of cryptocurrency exchangeFTXhas resulted in a slew of bankruptcies, the most recent of which being Genesis. ...
Dendreon Corp. (DNDN), the maker of prostate-cancer drug Provenge, filed for Chapter 11 bankruptcy protection on Monday and said it has reached agreements on the terms of a financial restructuring with investors holding about 84% of the company’s $620 m
On its website, Kodak assured customers that the nearly $1 billion in debtor-in-possession financing would be sufficient to pay vendors, suppliers and other business partners in full for goods and services going forward. The bankruptcy filing in the Southern District of New York does not involve...