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North Star Health Alliance secures $60M loan from state following bankruptcy
Leaders say this is due to financial pressure caused by increased costs, workforce constraints and other challenges.
Local businesses Salsa Queen, Kiitos Brewing file for bankruptcy
Local businesses Salsa Queen and Kiitos Brewing both filed for bankruptcy over the last several months.
Here’s what to know about Spirit Airlines shutting down — and what to do if you had a flight with the airline
Spirit Airlines filed for Chapter 11 bankruptcy twice in the last two years, most recently in August. But the airline’s financial troubles stem back to the Covid-19 pandemic.
78-year-old furniture retailer closes business, plans bankruptcy
The home and office furniture retailer, which opened its business 78 years ago, is ceasing operations and plans to file for bankruptcy.
Spirit Airlines is out of business, effective today
The no-frills carrier filed for Chapter 11 bankruptcy status in 2024 and again in 2025.
Spirit to halt all flights as of early Saturday
Spirit Airlines is set to announce in the coming hours that that it will halt flying as of 3 am ET Saturday, according to two sources familiar with its plans, making it the first significant US airline to halt operations in nearly 25 years.
Barclay brothers avoid bankruptcy after deal with HSBC over £143m debt
Bank says it has withdrawn proceedings against former Telegraph owners Aidan and Howard Barclay at high court
Smokey Bones abruptly closes locations as NY closure sparks wave of surprise shutdowns
The BBQ chain abruptly shut down its Colonie, NY location on April 28, part of a fast-moving wave of closures sweeping across the country after its parent company FAT Brands Inc. filed for bankruptcy...
Franchisee of 53 chain restaurants files for bankruptcy, 14 locations closed
The chain may step in and purchase the franchisee's remaining restaurants as part of bankruptcy proceedings.
Trump signals interest in buying Spirit Airlines with taxpayer backing, aims to resell for profit
President Donald Trump proposed a taxpayer-funded takeover of Spirit Airlines amid bankruptcy, with a strategy to resell the company after oil prices fall.
Small business owners feel 'robbed' after Painted Tree announces bankruptcy
The Painted Tree is closing nationwide and filing for bankruptcy, leaving small business owners scrambling to clear inventory and recover lost funds.
Nvidia's once-tight bond with gamers is cracking over AI, 'and that breaks my heart'
Gamers once helped save Nvidia from bankruptcy. Now they feel left behind as the memory crunch drives focus to AI chips and DLSS 5 disrupts game design.
Shopping TV empire behind QVC, HSN files for bankruptcy amid mounting losses
The parent company of QVC and HSN has filed for Chapter 11 bankruptcy as part of a major restructuring plan to slash billions in debt. The company says it will continue normal operations with no planned layoffs.
QVC’s parent company files for bankruptcy
New York (CNN) — QVC, the home shopping TV network that has been a staple for almost four decades, has filed for bankruptcy.
Popular SoCal Event and Entertainment Company Files for Chapter 11 Bankruptcy
A Los Angeles-based event and entertainment company has filed for bankruptcy seeking reorganization under court.
Saks Sells Business Jet as Luxury Retailer Shrinks in Bankruptcy
Saks Global Enterprises won court approval to sell its Gulfstream jet that executives used for business and personal travel, as the bankrupt luxury retailer slashes debt and operating expenses.
Joey Fatone lost power to his house on Christmas because he couldn't pay the bill: 'I was asking people for money' (exclusive sneak peek)
Joey Fatone reveals in an exclusive 'Boy Band Confidential' sneak peek that the power company shut off his lights on Christmas when he was near bankruptcy. 'I had family over at my house. Good thing I had the water, but the power just went pew,' he tells EW.
How Kodak is trying to turn around its business after teetering on bankruptcy
Photography company Eastman Kodak has seen its fair share of financial struggles, but CEO Jim Continenza is determined to fuel its success.
Business in Brief: New Van Ness businesses; Intelsat auction canceled; Whale Tea rebrands; I’m Eddie Cano bankruptcy update | Forest Hills Connection | News and Life in Our DC Neighborhood
Some Forest Hills Connection reporting involves poking our heads through open doors. Doing so recently yielded the news that the last remaining vacant retail space at Park Van Ness (4455 Connecticut Avenue) has been leased to an IV hydration spa. A contractor getting the space ready told us Hydralive Therapy is moving in. Similarly, we […]
Pennsylvania Brewing Co. files for bankruptcy protection alongside owner's real estate firm
Penn Brewery and owner Stefan Nitsch's Arkham Realty file for Chapter 11 bankruptcy protection in Pittsburgh.
Killing off the Regional Transportation District
This column is appearing the same day state Sen. Matt Ball (D) of Denver and his legislative co-sponsors unveil legislation implementing many of the recommendations advanced by last summer’s RTD Accountability Committee. Although it isn’t readily apparent, they have allowed themselves to be enlisted in a plot that will likely lead to the bankruptcy and […]
$25K book trilogy publisher files for bankruptcy, owes Bob Dylan $450K
Callaway Arts & Entertainment filed for Chapter 11 bankruptcy. It owes unsecured creditors more than $4 million, including $450,000 to Bob Dylan.
Callaway Arts & Entertainment Files for Bankruptcy
The publisher and entertainment company, founded in 1980 by Nicholas Callaway, has filed for Chapter 11 bankruptcy in the Southern District of New York. Among its largest creditors is its distributor, Hachette, which it owes $1.7 million.
Tacoma Arts Live, longtime WA arts institution, files for receivership
Tacoma Arts Live, a longtime performing arts organization, has filed for receivership. The court process is similar to bankruptcy. Here's what we know.
More young people are filing for bankruptcy, lawyers say. Here's why.
Bankruptcy lawyers say more Gen Z and millennial clients are hitting a financial wall as costs rise and wages stagnate.
Court filings shed light on McGlinchey debts, assets as firm is dissolved in bankruptcy
Documents filed in the McGlinchey Stafford bankruptcy case shed new light on the New Orleans firm’s financial situation in the wake of its surprise decision early this year to shut
Bondholders Approve Saks Global’s Five-Year Business Plan
Saks Global Enterprises LLC said a key group of bondholders approved its five-year business plan, showing the operator of luxury department stores is progressing toward exiting bankruptcy.
Spirit Airlines to shrink fleet to one‑third of pre‑bankruptcy size
Spirit Aviation Holdings , the parent company of Spirit Airlines, said on Friday it plans to shrink its fleet to about one‑third of its pre‑bankruptcy size, according to a court filing.
Steven Roth sells former Queens department store to Northwell Health for $236M
Two of New York’s frequent real estate shoppers just made a $236 million deal on an abandoned department store in Queens.The seller was Steven Roth, who acquired the 340,000-square-foot retail property in 1995 after a battle for control with now-President Donald Trump. Roth and partners stand to reap a nearly $150 million gain from selling the building near the Long Island Expressway to Northwell Health. The deal was disclosed Monday by Alexander’s Inc., a real estate firm Roth runs that is named after the big-in-its-time department store that once operated in the building. Alexander’s filed for bankruptcy in 1992 and closed all 11 of its locations. The site later became a Sears. It has been vacant since Burlington and Marshalls moved out last year.
Tsunami Sushi owners file for bankruptcy, pledge to keep restaurants open
The company is pledging to remain open through the process.
North Star Health Alliance makes payroll without state help amid bankruptcy
North Star Health Alliance will make payroll this Friday without assistance from the state.
Brenda Alexander has the latest in entertainment headlines
Actor Eric Dane's cause of death has been released, and Pinky Cole has filed for bankruptcy.
Judging Business Judgment: The Federal Common Law of Bankruptcy Transactions in Chapter 11
By Dolan Bortner (Stanford Law School) When a federal judge encounters a statutory gap too wide to fill through ordinary statutory interpretation, should she borrow state law or make her own rule? The Supreme Court instructs judges to err on the former side, weighing the preservation of otherwise-applicable state law against federal needs that might […]
Former president of Marion business convicted of federal bankruptcy crimes
A former president of a now-defunct Marion business was convicted of multiple federal bankruptcy crimes Monday after prosecutors say he concealed assets and provided false statements during his bankruptcy proceedings.
First Brands nears bankruptcy settlement, tees up business unit sales
Bankrupt auto parts maker First Brands is close to a bankruptcy settlement with its creditors, seeking to wind down most of its business while teeing up separate sales for four business lines that are being funded by major customers like Ford and General Motors .
Can this Bergen dine-in movie theater survive owner bankruptcy?
The luxury movie and dine-in chain IPIC Theaters could close its Bergen location after its second bankruptcy since 2019 amid a slow pandemic recovery.
After the WeWork bankruptcy, the coworking industry was looking shaky. Not anymore.
"People think coworking just for startups interested in beer pong and crazy happy hours, but that’s not true. Companies that have been established for over 100 years are embracing it."
North Star Health Alliance bankruptcy: Cash collateral approved as DOH talks continue
A bankruptcy court gave North Star Health Alliance the go-ahead Wednesday to continue using its cash collateral to maintain operations and provide patient care.
As McGlinchey Stafford prepares for shutdown, the Louisiana firm files for bankruptcy
The decision hastens the demise of a once-powerhouse law firm that rapidly expanded across the south in the 1980s and 1990s.
3L Ediz Kalkan Builds Practice-Ready Skills through UC Law SF’s Business Law Concentration - UC Law San Francisco (Formerly UC Hastings)
3L student Ediz Kalkan combined rigorous coursework, mentorship, and hands-on client experience to emerge ready for corporate practice. 3L student Ediz Kalkan shares how UC Law SF’s Business Law Concentration helped him gain the practical skills, doctrinal knowledge, and professional confidence to pursue a career advising corporate clients. It’s one of 12 concentrations that allow JD students to gain specialized expertise in a focused area of legal practice. 3L Ediz Kalkan built a strong foundation in corporate law through specialized coursework and mentorship from faculty and industry leaders. He gained hands-on client experience advising startups through the Startup Legal Garage and through roles in-house and at a law firm. He emerged prepared to handle sophisticated legal matters and interact confidently with clients. 3L Ediz Kalkan: I always gravitated toward business law courses at UC Law SF, so it made sense to memorialize that interest by completing the concentration — especially since I already planned to take most of the required coursework. I have taken many practical- and doctrinal-focused courses, including practical-oriented courses such as Mergers and Acquisitions, Venture Capital and Start Ups, Startup Business Lawyering, Private Equity and Hedge Funds, Corporate Governance, Corporate Finance and a few others. On the doctrinal side, I have taken Business Associations and am currently enrolled in Bankruptcy and Securities Regulation. These courses and professors equipped me with a strong foundation in universal corporate legal principals, fluency in the jargon, and insight into how corporate law intersects with markets, public and private companies, and government agencies. I also gained invaluable mentorship and lessons from industry leaders — both from the faculty and the dozens of guest speakers invited to the classroom. At UC Law SF, I participated in the Corporate Module of the Startup Legal Garage, where I observed practicing attorneys and helped real clients with real startup-related legal needs. I learned substantive law, business strategy — and most importantly — was socialized to the practice of law and the etiquette and expectations of being a junior attorney. I spent my 1L summer at AXOS Bank, a commercial bank in San Diego, where I gained experience with securities regulation, enterprise banking, and in-house work at a public company. From January of my 2L year to now, I have worked as a law clerk at Bartko Pavia LLP, gaining experience in a traditional law firm setting. I have had the privilege of working with startups all the way to public companies, as well as international clients. The experience has strengthened my confidence in tackling complex legal issues and interacting with clients. Through these experiences, I’ve learned that effectively advising clients takes more than subject-matter expertise. This work, and my time in the UC Law SF business concentration, have inspired me to pursue an MBA after law school to become a more well-rounded professional. My career plans remain focused on corporate practice and enhancing my value as a business advisor. I would happily recommend UC Law SF and this concentration because of its robust course catalog, highly successful professors and adjuncts, and extensive resources. Not to mention, UC Law SF is uniquely situated just minutes away from many of the world’s most innovative companies, all of which have legal needs — creating meaningful opportunities for students. My peers and I have been incredibly fortunate to have access to this network of industry leaders and legal professionals. Ultimately, business lawyers can take many paths, but all require the strong foundation that the business law concentration and the incredible people at UC Law SF provide. The Evidence of Success series highlights UC Law SF students as they share how the college’s opportunities equip them with the experience, skills, and confidence to excel in the legal profession.
Business Restructuring Review
In This Issue: The Year in Bankruptcy: 2025 A brief chronicle of the year's notable developments in corporate bankruptcy and restructuring, including business bankruptcy filings, significant court rulings, and legislative developments. [read more …] U.S. Bankruptcy Court Denies Chapter 15 Recognition of Maltese Liquidation Absent Evidence of Meaningful Activities Supporting Finding of COMI or Establishment in Malta In In re Geden Holdings, Ltd., No. 25-90138, 2025 WL 2484883 (Bankr. S.D. Tex. Aug. 28, 2025), stay pending appeal denied, No. 25-90138, 2026 WL 97993 (Bankr. S.D. Tex. Jan. 13, 2026), the U.S. Bankruptcy Court for the Southern District of Texas ruled that, for purposes of recognition under chapter 15 of the Bankruptcy Code, although a foreign debtor may have had its center of main interests ("COMI") or an establishment in Malta when a liquidation proceeding was commenced for it in a Maltese court in 2017, the absence of any meaningful activity by the debtor's liquidator from that time until the liquidator filed a chapter 15 petition in the United States more than five years later meant that the debtor had neither a COMI nor an establishment in Malta on the chapter 15 petition date. The court accordingly denied the petition for recognition. [read more …] The Ninth Circuit's Expansive Reading of "Financial Accommodations" that Cannot Be Assumed or Assigned in Bankruptcy It is generally well understood that agreements to extend credit or provide financing to a debtor cannot be assumed or assigned in bankruptcy. Even so, the provision of the Bankruptcy Code that precludes assumption or assignment—section 365(c)(2)—also extends to "financial accommodations," a term that is not defined in the Bankruptcy Code and has been the subject of relatively few bankruptcy and appellate court rulings. The U.S. Court of Appeals for the Ninth Circuit examined the meaning of the term in In re Svenhard's Swedish Bakery, 154 F.4th 1100 (9th Cir. 2025). The court of appeals ruled that a deeply discounted settlement of pension plan withdrawal liability is a "financial accommodation" that cannot be assumed or assigned, thereby extending the reach of section 365(c)(2) well beyond conventional lending arrangements. [read more …] Pennsylvania District Court Applies "Hypothetical Test" in Determining that Patent License Agreement Is Assignable in Bankruptcy In Crivella Holdings Ltd. v. Mesearch Media Technologies Ltd., No. 2:25-cv-333, 2025 WL 2443400 (W.D. Pa. Aug. 25, 2025), the U.S. District Court for the Western District of Pennsylvania affirmed a bankruptcy court ruling denying a software licensor's motion for relief from the automatic stay to terminate the license agreement. The court found the license was assumable in bankruptcy under the Third Circuit's hypothetical test as a result of language in the agreement stating that it could be assigned to a "successor in interest" of the debtor without the licensor's further consent, thereby overriding federal patent law's general prohibition against the assignment of patents. [read more …] New York Bankruptcy Court Denies Motion to Terminate Chapter 15 Recognition and Dismiss Chapter 15 Case In In re Oi S.A., No. 23-10193 (LGB), 2025 WL 2806591 (Bankr. S.D.N.Y. Oct. 1, 2025), the U.S. Bankruptcy Court for the Southern District of New York considered whether chapter 15 recognition of a debtor's Brazilian restructuring proceeding should be terminated and the case dismissed due to the debtors' financial deterioration and inability to satisfy its restructuring plan obligations after entry of the recognition order. The court denied the motion, concluding that recognition of the Brazilian proceeding and a court-approved restructuring plan for the debtors should not be terminated under section 1519(d) of the Bankruptcy Code—according to the court, the sole authority for revocation of chapter 15 recognition—because, among other things, the restructuring proceeding was still pending, the debtors might still need relief authorized under chapter 15, and the debtors' prospects for reorganizing under a hypothetical chapter 11 case were uncertain at best. It also found that no provision of the Bankruptcy Code authorizes the dismissal of a chapter 15 case. [read more …] Newsworthy Effective January 1, 2026, Jones Day welcomed Isel M. Perez (Miami), Andrew M. Butler (New York), Sid Pepels (Amsterdam), and Anna C. Bretting (Munich) to the partnership in the Business Restructuring & Reorganization Practice. Sid Pepels (Amsterdam) has been nominated for the Future Leader Award by the Global Restructuring Review, an organization that acknowledges and honors excellence within the global restructuring and insolvency sector. This award is designed to recognize exceptional contributions made by both individuals and firms in the field. The 2026 edition of Chambers UK recognized Ben Larkin (London) in the practice area Restructuring/Insolvency and Adam R. Brown (London) in the practice area Restructuring/Insolvency: Litigation. The 2026 edition of Chambers Asia-Pacific ranked Roger Dobson (Sydney) in the practice area Restructuring/Insolvency. An article written by Corinne Ball (New York) titled "Backstop Fees for Lenders in Chapter 11 Plans: Absent Market Test, Equality of Treatment Now Required in Fifth Circuit After 'ConvergeOne'" was published on November 12, 2025, in the New York Law Journal. An article written by Oliver S. Zeltner (Houston) titled "Delaware Bankruptcy Court: No Legal Authority for Chapter 11 Plan Gatekeeping Provision" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) titled "First Impressions: Eleventh Circuit Rules that Annulment of Automatic Stay Does Not Violate U.S. Supreme Court's Prohibition of Nunc Pro Tunc Orders" was published on November 21, 2025, by Lexis Practical Guidance. An article written by Genna Ghaul (New York) titled "Iowa District Court: Avoidance Claims Cannot Be Encumbered by Pre-Bankruptcy Liens" was published on November 20, 2025, by Lexis Practical Guidance. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), David S. Torborg (Washington), and Ben Rosenblum (New York) titled "New York Bankruptcy Court Rejects Challenge to Barnet Rule Permitting Foreign Debtors to Obtain Chapter 15 Recognition With Only Minimal U.S. Assets" was published on November 21, 2025, by Lexis Practical Guidance. The M&A Advisor has recognized the Silvergate Capital Corporation Bankruptcy case as the Chapter 11 Reorganization of the Year (over $5 billion) during its 20th Annual Turnaround Awards. Jones Day is listed among the professionals for the representation of Exploration Capital, which was led by Joshua M. Mester (Los Angeles). Lawyer Spotlight: Sid Pepels Sid Pepels, a partner in Jones Day's Amsterdam Office, litigates and advises clients on commercial and international insolvency matters, with a focus on complex restructurings and insolvencies. He has advised and litigated high-profile cases, including: the cross-border WHOA (Wet Homologatie Onderhands Akkoord) proceedings concerning Vroon Group and Diebold Nixdorf; proceedings on behalf of expropriated SNS Reaal bond holders against the Dutch State; the bankruptcy of Intertoys, the leading Dutch toys retailer; the restructuring of Oi, the Dutch finance vehicle of the Brazilian telecom giant; and Blokker, the leading Dutch home appliances retailer. Sid holds a Ph.D. in European insolvency law and regularly publishes in academic journals on topics of cross-border insolvency. He has been recognized in The Legal 500 Netherlands and was noted by his peers for being client-minded and a creative thinker with a "strong grasp of the law and strong interpersonal skills." Sid was also nominated for the "Future Leader" award at the Global Restructuring Review Awards 2025. He is a board member for the Netherlands Association for Comparative and International Insolvency Law and a NextGen member of the International Insolvency Institute.
QVC Is Facing Bankruptcy, in Talks to Restructure Debt: Report
The CEO of the home-shopping company said falling TV viewership has been a challenge for business.
Climate, Energy, & “Wrecking Ball Politics” | Council on Foreign Relations
This is a limited excerpt from the Climate Realism Initiative Newsletter. Sign up to receive monthly insights from the initiative’s fellows and staff, including articles, videos, podcasts, events, and more. Demolition Man Bankruptcy, wrote Ernest Hemingway, finds you two ways: “Gradually, then suddenly.” Small decisions, omissions, and mistakes compound over time, at first imperceptibly, then inescapably, until […]
Francesca's files for bankruptcy, launches closing sales at all locations
Women's retailer Francesca's launches going-out-of-business sales with discounts up to 40% off across all merchandise categories after filing for bankruptcy.
Spirit Airlines to sell 20 jets, recalls furloughed flight attendants
Spirit Airlines will recall 500 flight attendants from furloughs while selling 20 Airbus aircraft to address financial struggles during bankruptcy proceedings.
North Star closes at least 1 clinic as it appears in bankruptcy court
As North Star Health Alliance seeks help in court over its money problems, there’s word that at least one of its clinics is permanently closed.
Marriott said it lost $23 million in letting go of Sonder
Marriott ended its partnership with Sonder in November, and Sonder filed for Chapter 7 bankruptcy soon after.
Saks Fifth Avenue, an anchor at New Orleans’ Canal Place since the 1980s, to close for good
Saks Global, which filed for Chapter 11 bankruptcy protection last month, will close eight Saks Fifth Avenue stores and one Neiman Marcus around the country.
Eddie Bauer Files for Bankruptcy
The sportswear company’s operator cited a shift in consumer preferences, rising inflation and elevated tariffs. It is the third bankruptcy since Eddie Bauer’s founding in the 1920s.
Operator of Eddie Bauer stores in the US and Canada files for bankruptcy
Eddie Bauer LLC filed for Chapter 11 bankruptcy protection on Monday and hopes to sell about 200 of its namesake outdoor sportswear stores in the United States and Canada, blaming declining sales and supply chain challenges.
CEC Entertainment names Nathan Hunstable as new CIO
PRESS RELEASE: Leader joined company as CISO leading cybersecurity, network operations, and IT Infrastructure
Eddie Bauer's retail operator has officially filed for bankruptcy
Eddie Bauer retail and outlet stores in the United States and Canada will remain open for now as the company begins shutting down certain stores.
He Built A Million-Dollar Business, Then Stopped Filing Taxes — Dave Ramsey Says '2,561 People Went To Jail Last Year' For That'
Early success can mask slow-moving financial disasters until they are impossible to ignore. Carlos called "The Ramsey Show,” saying his janitorial business grew into a million-dollar operation before years of unfiled tax returns, unpaid payroll taxes, and mounting debt left him considering bankruptcy. "I haven't filed taxes since 2017 or 2018," he told personal finance expert Dave Ramsey, saying he also has not paid payroll taxes since that time. Don't Miss: Fast Company Calls It a ‘Groundbreaki
Iconic candy company files for bankruptcy after nearly 100 years in business
The company opened back in 1928.
Major firearms distributor serving thousands of retailers across multiple countries files for bankruptcy
Major outdoor sporting goods distributor Big Rock Sports files for Chapter 7 bankruptcy, potentially affecting over 20,000 retailers across multiple countries.
Eddie Bauer expected to close all stores in North America as corporate parent eyes bankruptcy
Eddie Bauer stores could close nationwide as parent company Catalyst Brands prepares bankruptcy filing, potentially shuttering all 180 locations.
Carbon Health files for Chapter 11 bankruptcy relief with more than $100M in debt
Primary care company Carbon Health filed for Chapter 11 bankruptcy relief in Texas. | The company, which offers both in-person care at nearly 100 clinics and virtual care services, said Monday it reached a restructuring agreement with its existing lenders that establishes a "clear path to recapitalization and new ownership."
Jersey Shore mayor announces reelection bid despite business collapse and millions in debt
The mayor is running for a fifth term while addressing his Chapter 11 bankruptcy case and the closure of his family's Wonderland Pier.
Eddie Bauer stores at risk of closure as operator nears bankruptcy
The Eddie Bauer brand, best known for its durable outdoor apparel, is 106 years old. It was founded in Seattle in 1920 by outdoorsman Eddie Bauer.
Iconic candy company files for bankruptcy after nearly 100 years in business
The company was founded all the way back in 1928.
Nearly 100-year-old candy company files for bankruptcy amid rising costs, heavy debt: report
Nearly century-old Chicago candy maker Primrose Candy Co. files for Chapter 11 bankruptcy protection, seeking to restructure over $12 million in debt.
Tittle Law Firm Guides Dallas Businesses Through Chapter 7 Bankruptcy Attorneys Support
When debt problems escalate, local leaders can contact Tittle Law Firm, PLLC for Chapter 7 bankruptcy attorneys support and clear next-step direction. Tittle Law Firm Guides Dallas Businesses Through Chapter 7 Bankruptcy Attorneys Support When debt problems escalate, local leaders can contact Tittle Law Firm, PLLC for Chapter 7 bankruptcy attorneys support and clear next-step direction. Dallas, TX , Jan. 29, 2026 (GLOBE NEWSWIRE) -- Dallas businesses dealing with mounting debt and tightening cas
Owners of Twin Peaks restaurant file for bankruptcy
Officials with TWNP said in a news release that they will use the filings to strengthen their capital structure through reducing their debt to keep the corporation successful for years to come.
Luminar receives a larger $33 million bid for its lidar business
A new leading bidder has appeared in the Luminar bankruptcy case: Redmond, Washington-based MicroVision, which beat out Quantum Computing Inc.'s bid by $5 million.
Luminar receives a larger $33 million bid for its lidar business
A new leading bidder has appeared in the Luminar bankruptcy case: Redmond, Washington-based MicroVision, which beat out Quantum Computing Inc.'s bid by $5 million.
Why Pat McGrath Labs Filed for Bankruptcy
Once valued at $1 billion, the makeup brand has struggled to balance its creative point of view with commercial viability.
Has the world entered an era of ‘water bankruptcy’?
Madeleine Finlay speaks to Patrick Wintour, who has been reporting on Iran’s water crisis, while Prof Mohammad Shamsudduha of UCL explains what can be done to bring water supplies back from the brink
Is the Joon Lee report for real?
Does the Dodgers bankruptcy deal create an unfair advantage?
Saks Online Business to Liquidate Inventory While in Bankruptcy
The online arm of Saks Global Enterprises won court approval to hire a liquidator to sell its inventory separately from the rest of the luxury retailer.
Popular spirits distillery permanently shuts down, no bankruptcy
A challenging business funding and financing environment forced the spirits distillery to permanently close its doors.
How a clothing brand is navigating Saks' bankruptcy, payment delays
Fisayo Che is the founder of Elisamama, a brand that's sold at Saks. She's finding a path forward as the department store goes through bankruptcy.
Popular alcohol brands could be forced to sell off inventory after bankruptcy setback
Stoli vodka and Kentucky Owl bourbon makers face potential asset liquidation as creditors push to convert Chapter 11 bankruptcy to Chapter 7 proceedings.
Genesis Health approved to sell nursing home in $1 bln bankruptcy deal
Bankrupt Genesis Health received court approval on Tuesday to sell its nursing homes to an outside buyer for $1 billion, just over a month after a U.S. bankruptcy judge rejected a previous offer from company insiders.
World enters 'era of global water bankruptcy': UN scientists formally define new post-crisis reality for billions
Amid chronic groundwater depletion, water overallocation, land and soil degradation, deforestation, and pollution, all compounded by global heating, a UN report today declared the dawn of an era of global ...
Major Popeyes franchisee with over 130 locations files for bankruptcy
Major Popeyes franchisee Sailormen Inc. files for bankruptcy protection, citing $129 million in debt from pandemic impacts, inflation and labor shortages.
A bulletproof Mercedes sold at bankruptcy auction. Here's how.
How do you auction off an armor-plated Mercedes-Benz? Here's a behind-the-scenes look at a virtual bidding war where no one bothers to kick the tires.
With Saks’ bankruptcy, Macy’s has some wind at its sails
With Saks’ bankruptcy, Macy’s has the wind at its sails
Good Business Still There For Saks: Singer
Saks Global has filed for bankruptcy, in an effort to restructure its debt and stabilize the business after mounting losses. Mortimer Singer, managing partner at Traub Capital Partners, believes Saks still has valuable assets, including a loyal high-net-worth customer base, strong flagship New York stores and the e-commerce business. He speaks with Scarlet Fu "Bloomberg Markets." (Source: Bloomberg)
Saks Global files for bankruptcy protection amid luxury market strains
Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.
What Does the Saks Bankruptcy Mean for Shoppers?
Answers to this and other questions about the financial crisis in America’s biggest luxury department store.
Are a record number of mom and pops going bankrupt? Kinda but not really
Yes, the number of small businesses that filed for bankruptcy in 2025 increased from 2024. But only by 10
Saks Global's near bankruptcy is the result of risky dealmaking—and a neglect of business basics
Also: All the news and watercooler chat from Fortune.
Nursing home giant dodges millions in settlements for patient deaths
Genesis HealthCare used bankruptcy to avoid paying families after settling lawsuits over neglect, including cases with maggot-infested wounds and sexual assault.
iRobot founder says company's bankruptcy revealed a new kind of competitor: 'The Chinese fast follower'
As iRobot's founder Colin Angle looks back on its path to bankruptcy, he says it was hard to overcome competitors in China.
When your student-loan payment jumps from $86 to $689
David Chatman, 51, said he's going through bankruptcy proceedings because he cannot afford his student-loan payments without the SAVE plan.
Montgomery hospital sues Blue Cross, argues insurer “destabilized” Alabama healthcare, caused bankruptcy
Jackson Hospital in Montgomery is suing Blue Cross Blue Shield of Alabama for an excess of $250 million.
Hospitals acquired by real estate investment trusts associated with greater risk of bankruptcy, closure | Harvard T.H. Chan School of Public Health
REIT acquisition of hospitals had no significant impacts on quality of clinical care or patient outcomes—but had a significant negative impact on hospital finances, according to a new Harvard Chan School study.
Sydney McLaughlin-Levrone, Gabby Thomas among those owed six figures by bankrupt Grand Slam Track
Sydney McLaughlin-Levrone, Gabby Thomas, Melissa Jefferson-Wooden and four other Olympic medalists are among those owed six-figure sums by Grand Slam Track, the racing league that filed for bankruptcy earlier this month.
Prominent Peoria business files for bankruptcy to restructure COVID-related debt
A statement from Peoria Charter owner and CEO James Wang said the company will continue “normal business operations” as it restructures its debt.
National pizza chain files for bankruptcy after 25 years in business
The chain was once backed by NBA all-star Kevin Durant. Now, it's struggling to stay afloat.
Peoria bus business files for bankruptcy, will continue to operate
The business was established in 1941 and serves four Illinois cities with its bus fleet.
Robot vacuum Roomba's parent company is filing for bankruptcy
The bankruptcy announcement comes after cash struggles and a failed acquisition by Amazon.
Anderson Hay CEO says company isn’t closing after Ellensburg business files for bankruptcy
Anderson Hay Enterprise, Inc. of Ellensburg has filed for bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Washington.
Pizza chain once backed by NBA star Kevin Durant hits bankruptcy court
A pizza chain once backed by NBA star Kevin Durant has filed for Chapter 11 bankruptcy after years of shrinking locations and financial struggles.
The maker of the Yankees' iconic stadium clock files for bankruptcy after smartwatch gamble backfires
E. Gluck Corporation — maker of Armitron watches and the Yankees' stadium clock — filed for bankruptcy after a failed push into the smartwatch market.
First Brands’ Business Flails as Customers Don’t Know Who to Pay
As First Brands Group makes its way through bankruptcy court, the auto-parts supplier is bumping up against an unexpected snafu: Its customers don’t seem to know who to pay.