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Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
The Miami-based company listed debts of more than $690 million and assets of $390 million, according to a filing with the U.S. Bankruptcy Court for the Northern District of Texas obtained by USA ...
The increase in bankruptcies comes as diners pull back their spending, labor costs keep rising and Covid-era government help disappears. Several more restaurant chains could file for bankruptcy ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
A bankruptcy will make it more difficult and more expensive for a state government to obtain credit in the future, and may damage the morale of the government's civil service. [5] Unions were concerned that the bankruptcy process would allow states, to terminate collective bargaining agreements and lower wages or pensions, like it does private ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 161 pages are in this category, out of 161 total. This list may not reflect recent changes .
Four North Texas nursing homes have “overwhelming” safety and quality issues as their parent company navigates bankruptcy proceedings, according to a report from an independent patient care ...
According to CNN, TGI Fridays shuttered 50 locations last week before filing for Chapter 11 bankruptcy protection. The company had more than 270 locations worldwide before the closures.