You Searched For "Bankruptcy" and got 19 results
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2 mins read
GNC filed for bankruptcy and could close up to 1,200 stores
As part of its Chapter 11 bankruptcy filing, GNC said it would close hundreds of stores in the comi…
Madeline Stone
1 min read
JCPenney is reportedly considering filing for bankruptcy and closing hundreds of stores
JCPenney could file for bankruptcy amid a heavy debt load and closures related to the coronavirus p…
Madeline Stone
2 mins read
J. Crew has filed for bankruptcy but says nothing is changing for shoppers
J. Crew has filed for bankruptcy, but customers can still shop online, use gift cards, and send in …
Madeline Stone
2 mins read
Revlon succumbs to bankruptcy amid crippling debt, rising inflation, and global supply chain woes
Revlon said in a SEC filing that it expects to receive $575 million in bankruptcy financing from cu…
Bethany Biron,Ellen Thomas
2 mins read
Revlon succumbs to bankruptcy amid crippling debt, rising inflation, and global supply chain woes
Revlon said in a SEC filing that it expects to receive $575 million in bankruptcy financing from cu…
Bethany Biron,Ellen Thomas
2 mins read
US Chapter 11 bankruptcies surged to a decade-high in the 3rd quarter as stimulus dried up
Nearly 40% of the quarter's bankruptcy filings originated in the Southeast, where virus outbreaks r…
Ben Winck
5 mins read
Rudy Giuliani interrupts his own bankruptcy hearing, yelling it's 'defamatory' to accuse him of bankruptcy fraud
Giuliani, recently disbarred, erupted during his bankruptcy hearing — but he may actually score a l…
Jacob Shamsian
1 min read
US bankruptcies are on track to hit a 10-year high as the coronavirus pandemic continues to slam businesses
This year, 424 companies have gone bankrupt through August 9, surpassing the number of filings duri…
Carmen Reinicke
1 min read
Bankruptcies have hit the fastest pace since the Great Recession — and more companies are expected to file
This year alone, 98 companies have filed for bankruptcy, the most since 2009, according to Bloomber…
Carmen Reinicke
2 mins read
Bankruptcies spurred by the COVID-19 crisis could erase $1 trillion from global corporate debt markets
Bankruptcies stoked by the COVID-19 crisis could lead to $1 trillion in worldwide credit losses, ac…
Carla Mozée
2 mins read
US companies tumble into bankruptcy at fastest pace since 2013 under coronavirus stress
Year-to-date filings reached 3,427 on June 24, bringing the metric close to the 3,491 filings made …
Ben Winck
1 min read
JCPenney has filed for bankruptcy
JCPenney was forced to temporarily close all of its stores amid coronavirus. But its struggles stre…
Madeline Stone
2 mins read
Parent of New York Sports Clubs and Boston Sports Clubs has filed for bankruptcy as the pandemic ravages gyms
Town Sports International, parent of New York Sports Clubs and others, filed for bankruptcy as many…
Madeline Stone
4 mins read
As retailers including J. Crew and Neiman Marcus file for bankruptcy, experts worry about skittish creditors and an overloaded bankruptcy court system
J. Crew and Neiman Marcus have filed for bankruptcy. But the coronavirus pandemic means the process…
Madeline Stone
3 mins read
I declared bankruptcy at 28 when my $60,000 debt became overwhelming. It was the right decision - and the stigma needs to end.
"I still remember the fear," says Mike Amory of his bills piling up. "I encourage others to conside…
Mike Amory
2 mins read
Guitar Center, the largest retailer for musical instruments in the US, has filed for bankruptcy
The company, whose business suffered during the coronavirus pandemic, intends to stay in business a…
Paige Leskin
2 mins read
A disabled veteran facing $7,000-per-week medical costs wrote a letter begging the Purdue Pharma bankruptcy judge not to allow a settlement
People trying to settle claims against Purdue Pharma have written emotional letters to the bankrupt…
Kenneth Niemeyer
2 mins read
Student-loan borrowers have to clear an 'unnecessary high bar' to get rid of their debt in bankruptcy court, 27 senators say
Sens. Dick Durbin, Chuck Schumer, and Patty Murray led colleagues in urging Biden to reform the ban…
Ayelet Sheffey
2 mins read
Day traders are piling into Hertz, JCPenney, and other bankruptcy stocks despite the massive risks
"I don't think I'd have ever guessed before that *bankruptcy* itself would be an exciting investmen…