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Audacy, the struggling multi-platform audio content company, is filing for Chapter 11 bankruptcy, the company announced Sunday.
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]
Bankruptcy under Chapter 11, Chapter 12, or Chapter 13 is a more complex reorganization and involves allowing the debtor to keep some or all of his or her property and to use future earnings to pay off creditors. Consumers usually file chapter 7 or chapter 13. Chapter 11 filings by individuals are allowed, but are rare.
Companies that filed for Chapter 11 bankruptcy in 2023 (4 C, 165 P) Companies that filed for Chapter 11 bankruptcy in 2024 (170 P) Companies that filed for Chapter 11 bankruptcy in 2025 (16 P)
It's not uncommon for business owners to worry about paying creditors, especially during times of extended economic downturn. But when a business is struggling with debt to the point that it can...
Continue reading ->The post Chapter 11 Bankruptcy, Explained appeared first on SmartAsset Blog. Personal bankruptcy filings usually involve Chapter 7 or Chapter 13, but when businesses need help ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2021" The following 54 pages are in this category, out of 54 total. This list may not reflect recent changes .
Tuesday Morning Corporation (NASDAQ: TUES) is taking the Chapter 11 route, in a retail sector beset by online competition and caution among consumers due to economic uncertainty.A slew of publicly ...