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Stories tagged: bankruptcy


Remington emerges from bankruptcy

The reorganization plan, confirmed by a Delaware bankruptcy court earlier this month, converted over $775 million in debt into equity.


Iconic guitar maker Gibson seeks bankruptcy protection

The maker of the Gibson guitar, omnipresent for decades on the American music stage, is filing for bankruptcy protection after wrestling for years with debt.


UPDATED: Mon., March 26, 2018, 4:06 p.m.

Frontier gun maker Remington seeks bankruptcy protection

Remington, a company that began making flintlock rifles when there were only 19 United States, has filed for bankruptcy protection.


UPDATED: Tue., March 20, 2018, 6:36 p.m.

Judge grants initial motions in Weinstein Co. bankruptcy

A Delaware bankruptcy judge on Tuesday issued initial orders allowing the Weinstein Co. to continue paying its bills and working toward a sale of substantially all of its assets.


UPDATED: Thu., March 15, 2018, 4:32 p.m.

Radio giant iHeartMedia files bankruptcy plan to reduce debt

IHeartMedia, one of the world’s largest radio companies, is seeking bankruptcy protection as part of an agreement with its lenders to reduce debt it took on to become a privately …


UPDATED: Fri., Feb. 16, 2018, 3:55 p.m.

Judge approves Takata bankruptcy plan

A Delaware judge has approved the bankruptcy reorganization plan submitted by Japanese auto-parts supplier Takata.


Beleaguered gun maker Remington points to bankruptcy court

Remington, the gun maker beset by falling sales and lawsuits tied to the Sandy Hook Elementary School massacre, has reached a financing deal that would allow it to continue operating …


At Toys R Us, hopes for a turnaround rest on a last-minute rush for holiday gifts

With just days left until Christmas, Marita Percival decided it was time to get serious. So she called in sick to her job as a special-education teacher and headed to …


UPDATED: Mon., Dec. 18, 2017, 1:46 p.m.

Toys R Us reportedly may close at least 100 stores

Toys R Us, which filed for bankruptcy in September, is considering closing at least 100 U.S. stores in the face of weak holiday sales, according to people with knowledge of …


Newly appointed Idaho lawmaker filed for bankruptcy in March

A newly appointed state senator in eastern Idaho is in the middle of bankruptcy proceedings.


UPDATED: Wed., Nov. 29, 2017, 9 a.m.

Newly appointed Idaho lawmaker filed for bankruptcy

A newly appointed state senator in eastern Idaho is in the middle of bankruptcy proceedings.


UPDATED: Tue., Sept. 19, 2017, 1:13 p.m.

Toys ‘R’ Us files for bankruptcy, but keeps stores open

Toys ‘R’ Us, the big box toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season …


UPDATED: Mon., July 17, 2017, 8:16 p.m.

Local bridal shop scrambles to help brides left in lurch by dress company’s bankruptcy

Businesses in Spokane and Coeur d’Alene are among those left in a lurch with the Chapter 7 filing Friday of Alfred Angelo Bridal, which subsequently shut down its 60 stores …


Upscale jeans maker True Religion files for bankruptcy protection

Upscale jeans maker True Religion Apparel Inc. said Wednesday that it filed for bankruptcy reorganization, making it the latest Southern California apparel firm to falter as people embrace online shopping.


UPDATED: Mon., June 26, 2017, 6:41 p.m.

Bankrupt Takata’s air bags still out there ‘like bombs’

Takata’s lethally defective air bags proved to be the company’s undoing Monday. But it could take years to get the dangerous devices off the road in the U.S. and around …


UPDATED: Sun., June 25, 2017, 9:35 p.m.

Takata files for bankruptcy, overwhelmed by air bag recalls

Japanese air bag maker Takata Corp. has filed for bankruptcy protection in Tokyo and the U.S., overwhelmed by lawsuits and recall costs related to its production of faulty air bag …


Sears Canada says it is seeking court protection

Sears Canada Inc. said Thursday it plans to close 59 locations across Canada and cut approximately 2,900 jobs under a court-supervised restructuring.


Air-bag maker Takata reportedly will file for bankruptcy protection

Beleaguered car air-bag manufacturer Takata is planning to file for bankruptcy protection in Japan, possibly by the end of this month, the Kyodo News agency reported Friday, citing unnamed sources.


UPDATED: Mon., June 12, 2017, 2:17 p.m.

Gymboree files bankruptcy protection to reduce debt

The San Francisco-based company children’s clothing retailer says it is seeking to reduce its debt by $900 million. It expects to operate its business and majority of its 1,300 stores …


Anthem’s latest court loss means Cigna deal is all but dead

Anthem Inc. is pretty much out of chances to hang on to Cigna Corp.


Retail funk: Stores face biggest challenges since recession

It’s starting to look a lot like the Great Recession redux for retailers. More than twice as many stores have closed this year than at the same point last year.


Supreme Court says cities can sue big banks over housing bubble damages

The Supreme Court ruled Monday that cities may sue big banks over allegedly discriminatory lending practices that they say led to urban blight, but added that they must meet higher …


Bankruptcy judge recuses self in diocese bankruptcy

Montana’s federal bankruptcy judge has recused himself from overseeing the bankruptcy filing of the Roman Catholic Diocese of Great Falls-Billings because his former law firm provided assistance in the case.


Diocese filing for bankruptcy to settle sex abuse claims

A Montana Roman Catholic diocese will file for bankruptcy protection as part of a settlement with 72 people who filed sex abuse claims, church officials said Friday.


UPDATED: Wed., March 29, 2017, 4:43 p.m.

Westinghouse files for bankruptcy

Westinghouse, one of the most storied names in the nuclear energy business, filed for bankruptcy on Wednesday, dealing a blow to the future of the nuclear power industry and leaving …


RadioShack files for second bankruptcy in 2 years

RadioShack has filed for Chapter 11 bankruptcy protection for the second time in just over two years, putting the future of the nearly 100-year-old electronics retailer in doubt.


UPDATED: Fri., March 3, 2017, 1:54 p.m.

RadioShack’s successor said to be preparing for bankruptcy

General Wireless Operations, the RadioShack successor created by a partnership between Sprint Corp. and the defunct retailer’s owners, is preparing to file for bankruptcy, according to people familiar with the …


UPDATED: Wed., March 1, 2017, 10:35 p.m.

Feds accuse leader of Spokane’s Associated Industries of bilking $3 million from trust fund

Federal regulators accuse a pair of Spokane business leaders of secretly transferring $3 million from a trust fund set up to lower health insurance costs for 800 local businesses to …


UPDATED: Fri., Feb. 24, 2017, 11:34 a.m.

Spokane physicians struggle to explain reasons behind their $191 million bankruptcy

The Spokane physicians who filed a $191 million bankruptcy painted a chaotic self portrait Thursday of a couple mostly clueless about their own personal finances, let alone the complex workings …


Ex-patients sound off in wake of doctors’ $191M bankruptcy

News of the $191 million bankruptcy filed by a pair of Spokane physicians lit up social media Tuesday as scores of former patients and clients traded stories of their business …