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NEW YORK – The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a beacon of hope for struggling retailers after months of slumping sales and businesses toppling into bankruptcy.
When it filed for bankruptcy last year, Purdue Pharma agreed to an innovative plan: It would make $200 million available immediately to help those those harmed by its signature painkiller, OxyContin, and ease the effects of the opioid crisis. More than a year later, with the crisis worsening, not a penny has been spent.
J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders.
J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs.
A New Jersey drugmaker ensnared in the fallout from America's opioid crisis is seeking bankruptcy protection.
Under the supervision of a bankruptcy judge, the Boy Scouts of America has launched a nationwide advertising campaign to notify victims of decades-old sex abuse by Scout leaders that they have until Nov. 16 to seek compensation from a proposed fund.
NEW YORK — Lord & Taylor, one of the country's oldest department store chains, is going out of business after filing for bankruptcy earlier this month.
A U.S. Bankruptcy judge last week denied the Chapter 7 petition filed by a pair of Spokane doctors, who initially sought protection for debts they claimed were $191 million, after the couple lied about their finances and the judge ruled that the their "failure to provide accurate information was knowing and fraudulent."
Hertz Global Holdings has been at loggerheads with a key group of creditors with time running out to cut a deal that addresses missed debt payments, according to people with knowledge of the matter.
Nine sex abuse lawsuits were filed Tuesday in New York against three Boy Scout local councils, signaling an escalation of efforts to pressure councils nationwide to pay a big share of an eventual settlement in the Scouts’ bankruptcy proceedings.
J.C. Penney will permanently close nearly 30% of its 846 stores as part of a restructuring under bankruptcy protection.
Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain to do so and the second major retailer to be toppled by the coronavirus pandemic.
Struggling fashion brand J.Crew has filed for bankruptcy protection, the first major retailer to do so since the coronavirus pandemic forced most stores across the United States to close their doors.
The XFL filed for bankruptcy on Monday, likely spelling the end of the second iteration of the league.
USA Rugby has decided to file for Chapter 11 bankruptcy because its financial woes have been exacerbated by the coronavirus shutdown.
HARRISBURG, Pa. – The Roman Catholic Diocese of Harrisburg, Pennsylvania, filed for bankruptcy Wednesday, six months after disclosing it had paid millions of dollars to people sexually abused as children by its clerics. The diocese joins at least 20 others across the United States in seeking protection from creditors through the federal bankruptcy system, but it is the first diocese in Pennsylvania to take such a step.
Barraged by sex abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the 110-year-old organization to carry on.
Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on.
The publisher of the Miami Herald, The Kansas City Star and dozens of other newspapers across the country is filing for bankruptcy protection.