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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.
According to the most recent federal statistics, bankruptcy filing surged by a total of 16.2% between September 2023 and September 2024, reflecting rising costs, mountain debt, and unexpected ...
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 ...
Pages in category "Companies that filed for Chapter 7 bankruptcy in 2024" The following 17 pages are in this category, out of 17 total. This list may not reflect recent changes .
Going into 2024, Rite Aid announced that it would close an additional 77 locations. [252] 53 more stores were added to the closing list in April 2024. [253] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [254] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company ...
Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...
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 ...
The last instance of such a default took place during the Great Depression, in 1933, when the state of Arkansas defaulted on its highway bonds, which had long-lasting consequences for the state. [1] Current U.S. bankruptcy law, an area governed by federal law, does not allow a state to file for bankruptcy under the Bankruptcy Code. [2]