Bankruptcy - Page 2

Payless to Close 400 Stores, Files for Chapter 11

Payless ShoeSource announced late Tuesday that the company has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Payless joins nine other retailers that have ...
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RadioShack Bankruptcy Puts 1,500 Stores at Risk

RadioShack parent, General Wireless Operations, made a voluntary Chapter 11 filing yesterday. The company stated it would close 200 stores immediately. General Wireless is "evaluating options" for another 1,300, the ...
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RadioShack Parent Files Chapter 11 With 1,500 Stores at Risk

As expected, RadioShack parent General Wireless Operations filed for Chapter 11. The company will shutter 200 stores immediately. It does not have plans yet for another 1,300. The once proud ...
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taxi cabs

Uber Knocks Value of NYC Cab Medallions Further as Some Owners File for Bankruptcy

Cab medallions in New York City have dropped below $400,000 in some cases as Uber continues to dismantle the market for what was valued four years ago at $1.5 million. ...
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bankruptcy

American Apparel Sells Brand, Files for Chapter 11

For the second time in less than a year, clothing maker American Apparel filed for bankruptcy protection Monday morning after selling its intellectual property rights, including the name, to Canada's ...
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denim work shirt

No Likely Holiday Happiness for American Apparel

Less than a year after emerging from bankruptcy, American Apparel Inc. (NYSE: APP) may not survive the coming holiday season without filing for a second bankruptcy. When the company emerged ...
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bankruptcy

Bankruptcies Soar 28% in First 3 Quarters of 2016

It may not be a sign of an economy that may grow less in any year since the end of the Great Recession, but a bad business climate is likely one ...
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Pump Jacks Against at Dusk

SandRidge Energy Emerged From Bankruptcy With $525 Million in Liquidity

SandRidge Energy Inc. (NYSE: SD) announced Tuesday morning that the company has emerged from Chapter 11 bankruptcy protection and the stock has resumed traded under its previous ticker symbol, SD, ...
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Coal

Arch Coal Emerges from Bankruptcy, FBR Initiates at Outperform

St. Louis-based coal producer Arch Coal Inc. (NYSE: ARCH) filed for bankruptcy protection in January of this year, seeking relief from more than $5 billion in total debt. Wednesday morning ...
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Sears store

Would Sears Bankruptcy Cost Tens of Thousands of Jobs?

The numbers are brutal. Sears Holdings Corp. (NASDAQ: SHLD), parent of Sears and Kmart, has lost almost $4 billion over the past three years. In the most recent quarter, it lost ...
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Dry Bulk ship

Arch Coal Gets Reorganization Plan Approved to Exit Bankruptcy

Arch Coal, Inc. has announced that the United States Bankruptcy Court for the Eastern District of Missouri has confirmed its amended plan of reorganization. The coal mining giant now expects ...
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Roulette wheel

Caesars Shares Bust on Bankruptcy Ruling

Caesars Entertainment Corp. (NASDAQ: CZR) kicked off the week by watching its shares take a dive following an unfavorable ruling in bankruptcy court. A Chicago judge in the U.S. Bankruptcy ...
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bankruptcy

Top 10 States for Bankruptcy

Nick Denton recently filed for bankruptcy as a suit against Gawker, the famous publication company he owned, was swamped by a lawsuit won by Hulk Hogan. The bankruptcy levels vary ...
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Oil pumps

High-Yield Bond Defaults Top $50 Billion to Date in 2016

The default rate on U.S. high-yield bonds rose to 4.9% in the first half of 2016, with a total value of $50.2 billion. In all of 2015, the total value ...
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oil tanker

Has $800 Billion in Oil Simply Disappeared?

By one count, some 3 billion barrels of crude oil valued at about $840 billion have gone missing since the end of 2014. Adding in oil-equivalent barrels of natural gas, ...
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