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According to documents filed through the U.S. Bankruptcy Court in New Jersey, Rite Aid will begin part of its restructuring process by closing at least 154 locations in the coming weeks, and more ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 170 pages are in this category, out of 170 total. This list may not reflect recent changes .
The case was assigned to U.S. Bankruptcy Judge Robert Gerber, who had previously presided over another high-profile bankruptcy case of Adelphia Communications Corp. [7] Shortly after the Chapter 11 filing, it was announced that on Monday, June 8, 2009, GM would be removed from the Dow Jones Industrial Average, and replaced by Cisco Systems.
By 2018, the company had filed for bankruptcy. The next year, Lampert’s hedge fund bought the remains of the business out of bankruptcy and renamed its parent company Transformco. The retailer ...
It seems like TGI Fridays will keep the lights on for the time being. The casual dining chain had to file for Chapter 11 bankruptcy recently. The executive chairman of TGI Fridays, Rohit Manocha,...
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]
Budget carrier Spirit Airlines filed for bankruptcy this week, stoking concern about how the financial peril of a low-fare option could impact prices across the industry. The Florida-based company ...
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
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