When you file for bankruptcy, you’re basically telling a federal court that you can’t afford your debts and you need ...

When used correctly, it’s a financial tool that can protect jobs and give companies the breathing room they need to ...

First Brands said on Monday founder Patrick James had stepped down as CEO and will be succeeded by Chief Restructuring ...

FTX’s chapter 11 bankruptcy estate will begin a $1.6 billion payout on Sept. 30. Here’s how U.S., international, and crypto ...

Federal lawmakers have accused Genesis investors of “hollowing out” the nursing home chain and demanded an accounting of its executives’ roles, compensation and business strategies ahead of a ...

Budget carrier Spirit Airlines said Friday that it has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization. The ultra low-cost airline said it plans to keep ...

Genesis HealthCare is suing CMS, saying its attempt to terminate a Medicare agreement and essentially put an Alabama nursing home out of business violates a core tenet of bankruptcy law.

The jewelry and accessory store that is geared to teens filed for Chapter 11 bankruptcy, listing liabilities and assets of between $1 billion and $10 billion, CBS News reported. The company’s Canadian ...

Spirit Airlines has negotiated funding of up to $475 million with existing bondholders to support normal business operations during its Chapter 11 restructuring, its parent company said on Tuesday.

First Brands founder Patrick James resigns as CEO as the auto parts maker navigates Chapter 11 bankruptcy and DOJ scrutiny.