Stories tagged: bankruptcy
UPDATED: Tue., Nov. 12, 2019
Dean Foods, America’s biggest milk processor, has filed for bankruptcy amid a steep, decades-long drop-off in U.S. milk consumption blamed on soda, juices and, more recently, nondairy substitutes.
Tue., Oct. 29, 2019
A major U.S. coal mining company, whose former CEO became a big supporter of President Donald Trump in his effort to save coal jobs, is seeking bankruptcy protection.
Mon., Sept. 30, 2019
Low-price fashion chain Forever 21, a once-hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection.
Tue., Sept. 17, 2019
A judge has cleared the way for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed over the …
UPDATED: Fri., Sept. 13, 2019
The family that owns OxyContin maker Purdue Pharma used Swiss and other hidden accounts to transfer $1 billion to themselves, New York’s attorney general contends in court papers filed Friday.
Tue., Sept. 3, 2019
Ties to marijuana businesses are disqualifying bankruptcy filers, including City Councilwoman Karen Stratton
The U.S. Trustee Program, responsible for policing the federal courts’ bankruptcy proceedings, is weeding out cases involving people or firms with ties to state-sanctioned marijuana businesses. Earlier this summer, that …
Wed., May 22, 2019
A federal bankruptcy judge said Wednesday he intends to approve the sale of the Reading Eagle to a large newspaper chain known for taking over struggling papers and then making …
Tue., May 21, 2019
Celebrity chef Jamie Oliver’s British restaurant chain filed for bankruptcy protection on Tuesday, partly due to increased competition and escalating rents in local commercial districts.
Thu., March 7, 2019
Pacific Gas & Electric Corp. is seeking a judge’s approval to pay $235 million in bonuses to thousands of employees despite the California utility’s bankruptcy
UPDATED: Wed., Feb. 20, 2019
The couple said in an interview the filing, submitted to the court Thursday, is the result of legal malpractice claims against Chris Wright’s one-man law firm. Stratton said she wants …
UPDATED: Tue., Jan. 29, 2019
Faced with potentially ruinous lawsuits over California’s recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers …
UPDATED: Thu., Jan. 17, 2019
Children’s clothing retailer Gymboree files for bankruptcy protection again, begins winding down operations.
Tue., Jan. 15, 2019
General Electric and Sears have fallen on hard times, and that tells us a lot about U.S capitalism.
UPDATED: Tue., Jan. 8, 2019
Sears gets another reprieve from liquidation after its chairman and largest shareholder revises his bid to save the retailer.
UPDATED: Fri., Dec. 28, 2018
The location at 4110 E. Sprague Ave. was among 80 locations listed Friday for closure by the former retail giant, which is now navigating bankruptcy in partnership with the Sears …
Wed., Dec. 5, 2018
USA Gymnastics is turning to bankruptcy in an effort to ensure its survival. The embattled organization has filed a bankruptcy petition in Indianapolis as it tries to reach settlements in …
UPDATED: Thu., Nov. 29, 2018
An initiative promoter who is fighting political corruption charges brought against him by the state has filed for personal bankruptcy.
Tue., Oct. 16, 2018
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, …
Mon., Oct. 15, 2018
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 …
Sun., Oct. 14, 2018
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
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
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 …
Fri., Oct. 5, 2018
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.
Tue., Sept. 25, 2018
A company that owns one of Idaho’s only independent psychiatric hospitals has declared bankruptcy, putting the future of the facility in question.
Mon., Sept. 24, 2018
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 …
Thu., May 17, 2018
The reorganization plan, confirmed by a Delaware bankruptcy court earlier this month, converted over $775 million in debt into equity.
Tue., May 1, 2018
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
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
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
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 …