You Searched For "Chapter 11 bankruptcy" and got 20 results
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3 mins read
These are all the Red Lobster restaurants the company wants to close
Red Lobster said that the leases on the restaurants were "likely to continue to drive losses" for t…
Grace Dean
2 mins read
Red Lobster's owner once said the business left such a 'big scar' on him that he had to 'stop eating lobster'
Red Lobster's executive offices were left empty after a consultant told Thai Union CEO Thiraphong C…
Kwan Wei Kevin Tan
2 mins read
Red Lobster superfans desperately want a piece of the bankrupt chain
The company in charge of auctioning off items from 52 shuttered Red Lobster locations had hundreds …
Grace Eliza Goodwin
2 mins read
Red Lobster bought a lot of shrimp from its Thai owner. Now, the new CEO is investigating.
Red Lobster's new CEO questioned the company's purchasing processes, including from its owner and s…
Meghan Morris
2 mins read
Red Lobster is closing down over 50 locations, and everything must go
Red Lobster is closing over 50 locations across the US, per restaurant liquidator TAGeX Brands. Loc…
Hannah Getahun
2 mins read
Enjoy Technology stock soars 400% to become latest bankrupt company to stage massive rally
Enjoy's inability to raise cash by selling more stock amid a painful bear market means it now must …
Matthew Fox
6 mins read
The demise of Red Lobster is a perfect case study in how to kill a business
Red Lobster may be headed toward bankruptcy, but its business problems go far beyond all-you-can-ea…
Emily Stewart
2 mins read
Scandinavian Airlines files for bankruptcy in the US after 1,000 of its pilots voted to strike over failed pay negotiations
On Monday, 1,000 SAS pilots walked off the job over pay and working conditions. The next day, the a…
Taylor Rains
2 mins read
Creditors are coming after Rudy Giuliani's $3.5 million Florida condo in bankruptcy filing
Rudy Giuliani may have to sell his $3.5 million Palm Beach, Florida home in his ongoing bankruptcy …
Hannah Getahun,Katherine Tang…
2 mins read
Bed Bath & Beyond files for bankruptcy after running out of options
The retailer filed for Chapter 11 protection in New Jersey on Sunday, according to a court filing, …
Sam Tabahriti,Jyoti Mann
4 mins read
Elon Musk said he had to 'save Twitter from bankruptcy.' Here's what would happen if it filed for Chapter 11.
Elon Musk has said that Twitter isn't on a "fast track" to bankruptcy, a process its lenders could …
Sindhu Sundar
2 mins read
JCPenney could be bought by its lenders after talks with potential buyers stall due to 'egos' and 'negotiating postures,' lawyers say
Talks with three potential bidders for JCPenney have reached a "stalemate," and now it could be bou…
Madeline Stone
1 min read
FTX is losing $1.3 million a day on bankruptcy fees
The failed crypto exchange was billed at least $118 million in bankruptcy fees in the three months …
Jennifer Sor
3 mins read
Rite Aid is closing even more stores in 2024. See if yours is on the list.
Rite Aid said it would close more stores in 2024, adding to hundreds it already said it would shutt…
Alex Bitter
2 mins read
Alex Jones files for Chapter 11 bankruptcy and lists the Sandy Hook parents he owes $1 billion to as his creditors
The move comes just months after he was ordered to pay $1 billion in compensatory damages to famili…
Rebecca Cohen,Ashley Collman
2 mins read
Lord & Taylor is permanently closing 24 of its locations after filing for bankruptcy. See if your local store is on the list.
As part of the closing and liquidation process, products will be available "at significant price re…
Bethany Biron
2 mins read
Boxed bankruptcy could be blamed on Silicon Valley Bank's collapse, but its problems extend far beyond the bank run
Boxed filed for Chapter 11 bankruptcy Sunday, pressured by Silicon Valley Bank's collapse. But lowe…
Alex Bitter
1 min read
JCPenney is selling its original 118-year-old location in Kemmerer, Wyoming, marking the end of an era for the bankrupt department store
According to a disposition portfolio shared last week, JCPenney is selling off a total of 24 proper…
Bethany Biron
2 mins read
We should all have the confidence of WeWork's bankruptcy announcement
The announcement is surprisingly rosy for a company filing for Chapter 11, perhaps following Stuart…
Katie Notopoulos
1 min read
Neiman Marcus is closing 4 department stores and 17 off-price Last Call locations for good. See if your local store is on the list.
"Prior to COVID-19, Neiman Marcus Group was making solid progress on our journey to long-term profi…