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The payments were made ahead of the bankruptcy filing, according to the documents. ... This article originally appeared on USA TODAY: American Freight to close all 328 stores: 'Everything is on sale'
US bankruptcy filings are picking up steam after a two-year decline. According to a report released by S&P Global Market Intelligence, there were 591 bankruptcy filings as of Nov. 30 this year ...
Spirit Airlines has filed for Chapter 11 bankruptcy protection following significant financial struggles due to mounting losses and debt maturities, the airline announced Monday.. The filing comes ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2023" The following 177 pages are in this category, out of 177 total. This list may not reflect recent changes .
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.
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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