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Stories tagged: bankruptcy

Joe Nocera: Nothing lasts forever, not even the mighty Sears

Sears’ bankruptcy is simply a reminder of how American capitalism works. The next time you hear somebody say that the dominance of Walmart or Amazon or Facebook can never end, …

Sears files for bankruptcy just as things are looking up for U.S. retail

A year ago, a Sears bankruptcy would have fit better into the U.S. retail narrative, given the steady decline of shopping malls and foundering chains. Today, however, with shoppers feeling …

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

Sears once dominated the American retail landscape. But the big question is whether the shrunken version of itself can be viable or will it be forced to go out of …

UPDATED: Fri., Oct. 12, 2018, 6:07 p.m.

Sears is hammering out deal to stay open in bankruptcy

Negotiations over the fate of Sears Holdings Corp. have moved away from a possible liquidation toward a plan that would keep some stores open through Christmas, according to a person …

UPDATED: Tue., Oct. 9, 2018, 4:41 p.m.

One of oldest coal companies in U.S., Colstrip supplier files for bankruptcy

One of the oldest coal companies in the U.S. – and supplier to the Colstrip power-generating station in Montana – filed for bankruptcy protection Tuesday to deal with more than …

Mattress Firm files for bankruptcy, closing up to 700 stores

Mattress Firm, Inc., the nation’s largest mattress retailer, is filing for bankruptcy protection and plans to close up to 700 stores around the country.

Parent company of Boise psychiatric hospital goes bankrupt

A company that owns one of Idaho’s only independent psychiatric hospitals has declared bankruptcy, putting the future of the facility in question.

Sears’ CEO has come up with a last-minute plan to save it from bankruptcy

Sears could face bankruptcy if it doesn’t meet its next debt payment, due in the coming weeks. Now, the retailer’s chief executive has come up with a last-minute plan to …

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 …