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News Articles: bankruptcy

People walk in front of a Forever 21 clothing store in New York.

Tagged as: 

  • Business

Forever 21 is bankrupt, again. This time actually could be forever

Once a formidable fast-fashion mall staple, Forever 21 has filed for bankruptcy. The retailer has been a shell of its former self since it first filed for bankruptcy in 2019.

March 18, 2025
|
By:
  • Alina Selyukh
Hudson's Bay has entered creditor protection, struggling with debt.

Tagged as: 

  • Business

Canada's Hudson's Bay has survived 355 years. Now the store is in crisis

The department store chain, founded in 1670, can't pay its debts and says the pandemic, inflation and now trade tensions have hurt its financial future.

March 10, 2025
|
By:
  • Alina Selyukh
The Container Store said the bankruptcy process will have no impact on customers and that it will keep all 102 of its U.S. locations open.

Tagged as: 

  • Business

The Container Store files for bankruptcy, vows to keep stores operating as normal

The Container Store said its 102 locations and website will continue to operate as normal during the bankruptcy process.

December 23, 2024
|
By:
  • Juliana Kim
A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt.

Tagged as: 

  • Business

Big Lots says it is having going-out-of-business sales as it seeks a new buyer

The national discount retailer says that a previously announced deal to sell itself to a private-equity group fell through.

December 20, 2024
|
By:
  • Ayana Archie
Right-wing conspiracy theorist Alex Jones speaks to the media after arriving at the federal courthouse in Houston for a bankruptcy hearing in June.

Tagged as: 

  • National

The fight for Alex Jones' Infowars company heats up as Jones sues to hold on

The Onion thought it had the last laugh when it was named the winning bidder after last week's bankruptcy auction. Now, Jones says that bid was "fake dollars" and wants a judge to disqualify it

November 19, 2024
|
By:
  • Tovia Smith
GPB News NPR

Tagged as: 

  • Business

Tupperware, no longer a kitchen staple, files for bankruptcy

Tupperware's reliance on people selling its storage containers at home-and-garden parties or through social media was once its strength. Now it's a weakness, the company says in its bankruptcy filing.

September 18, 2024
|
By:
  • Alina Selyukh and
  • Willem Marx
A shopper leaves the Big Lots store on Dec. 4, 2012 in Berlin, Vt.

Tagged as: 

  • Business

Big Lots is closing stores and filing for bankruptcy

The U.S. discount retail chain said its customers will still be able to earn and redeem rewards, as well as use gift cards and store credit cards.

September 10, 2024
|
By:
  • Ayana Archie
Former Mayor of New York Rudy Giuliani speaks during a news conference outside the federal courthouse in Washington, Friday, Dec. 15, 2023. Giuliani has filed for bankruptcy, days after being ordered to pay $148 million in a defamation lawsuit.

Tagged as: 

  • News

Rudy Giuliani files for bankruptcy days after being ordered to pay $148 million in defamation case

Rudy Giuliani has filed for bankruptcy, days after being ordered to pay $148 million in a defamation lawsuit. The former New York City mayor listed nearly $153 million in existing or potential debts.

December 21, 2023
|
By:
  • Associated Press
A jury took less than five hours to convict former FTX CEO Sam Bankman-Fried of fraud and money laundering.

Tagged as: 

  • Business

He lost $200,000 when FTX imploded last year. He's still waiting to get it back

The crypto mogul Sam Bankman-Fried has been tried and convicted of orchestrating one of the largest financial frauds in history, but little has changed for people who lost billions when FTX collapsed.

November 19, 2023
|
By:
  • David Gura
A sign for Yellow Corp. trucking company stands outside its facility Monday, July 31, 2023 in Nashville, Tenn. Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt, marking a significant shift for the U.S. transportation industry and shippers nationwide.

Tagged as: 

  • Business

Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

The Chapter 11 bankruptcy, which was filed Sunday, comes just three years after Yellow received $700 million in pandemic-era loans from the federal government.

August 07, 2023
|
By:
  • The Associated Press
A close up of a Boy Scout uniform is photographed on Feb. 4, 2013, in Irving, Texas. On Tuesday, March 28, 2023, a federal district court judge upheld the approval of a $2.4 billion bankruptcy reorganization plan aimed at resolving tens of thousands of child sexual abuse claim against the Boy Scouts of America.

Tagged as: 

  • National

The Boy Scouts are out of bankruptcy and will pay $2.4 billion to sex abuse survivors

The fund was formed in response to allegations from about 82,500 men that they were molested as children while members of the organization. The Boy Scouts also announced new measures to prevent abuse.

April 21, 2023
|
By:
  • Ayana Archie
The David's Bridal shop is shown Nov. 19, 2018, in Tampa, Fla. David's Bridal filed for bankruptcy protection Monday, April 17, 2023 the second time that the firm has sought such protection in the last five years.

Tagged as: 

  • Business

David's Bridal files for bankruptcy for the second time in 5 years

CEO James Marcum said the COVID-19 pandemic has greatly impacted its finances. During that time, the company was still spending on rent on its brick and mortar stores and factories were shut down.

April 18, 2023
|
By:
  • Ayana Archie
Johnson & Johnson<a href="https://www.reuters.com/business/healthcare-pharmaceuticals/jj-stop-selling-talc-based-baby-powder-globally-2023-2022-08-11/"> </a>announced last year that it would suspend all talc baby powder sales worldwide.

Tagged as: 

  • Law

Appeals court clears the way for more lawsuits over Johnson's Baby Powder

A U.S. appeals court has dismissed the bankruptcy case filed by a Johnson & Johnson spinoff company. Around 40,000 cancer patients have filed suit, alleging the powder was contaminated with asbestos.

January 30, 2023
|
By:
  • Scott Horsley and
  • Brian Mann
As FTX collapsed in early November, Samuel Bankman-Fried handed over control the cryptocurrency exchange he founded to John J. Ray III, a corporate turnaround specialist.

Tagged as: 

  • Business

5 major revelations about the collapse of crypto giant FTX

At the first hearing in FTX's bankruptcy proceedings, lawyers confirmed that millions of dollars are stolen or missing, and revealed stunning details about the downfall of the once-mighty exchange

November 23, 2022
|
By:
  • David Gura
Twitter headquarters is shown in San Francisco on Nov. 4, 2022.

Tagged as: 

  • Technology

Elon Musk says Twitter bankruptcy is possible, but is that likely?

Twitter regularly loses money. But Elon Musk took on billions in debt to buy the company at a time when online advertising is slumping. Could bankruptcy be next?

November 12, 2022
|
By:
  • Bobby Allyn
  • Load More

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