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The budget airline filed for Chapter 11 bankruptcy protection in November, facing over $1 billion in looming debt payments and accumulating more than $2.5 billion in losses since 2020.
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 Container Store filed for Chapter 11 bankruptcy in December 2024, but vowed to keep all 102 locations open. [103] Crate & Barrel's children's line Land of Nod closed all of its retail stores in February 2018. [104] CVS Pharmacy announced in November 2021 that it planned to close 900 stores over a three-year period, starting in spring 2022 ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2024" The following 168 pages are in this category, out of 168 total. This list may not reflect recent changes .
A local government, which is a subsidiary of a state, is already allowed to file for bankruptcy under Chapter 9 of the Bankruptcy Code, as long as they are not forbidden to do so by the state. [7] In such municipal bankruptcies, the municipal government repudiate or modify contracts and debts. [3]
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 ...
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 ...