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News Articles: Bankruptcy protection

This image shows the logo of WeightWatchers on a mobile phone, and the company's website, in New York, March 7, 2023.

Tagged as: 

  • Business

WeightWatchers files for bankruptcy protection to eliminate debt burden

WeightWatchers said Tuesday it is filing for Chapter 11 bankruptcy protection to eliminate $1.15 billion in debt and focus on its transition into a telehealth services provider.

May 07, 2025
|
By:
  • The Associated Press
A rental DVD is dispensed from a Redbox at a 7-Eleven in Los Angeles in 2009. Chicken Soup for the Soul Entertainment, the owner of Redbox, filed for Chapter 11 bankruptcy protection on Friday.

Tagged as: 

  • Business

Redbox owner Chicken Soup for the Soul files for Chapter 11 bankruptcy protection

As of March of this year, Chicken Soup for the Soul had about $414 million in assets and $970 million in debts. Shares for the public company have fallen more than 90% over the last year.

July 02, 2024
|
By:
  • The Associated Press
This Red Lobster in Maryland was among dozens of locations that closed abruptly ahead of the restaurant's bankruptcy filing.

Tagged as: 

  • Business

Red Lobster files for bankruptcy after missteps including all-you-can-eat shrimp

The seafood chain is in hot water after a series of bad choices by a parade of executives. Almost 580 restaurants will stay open, after dozens closed abruptly last week.

May 20, 2024
|
By:
  • Alina Selyukh
An Express store promotes deep sales in Valley West Mall in Iowa, in January 2020.

Tagged as: 

  • Business

Clothing store Express, a mall favorite, has filed for bankruptcy

Express, which dressed generations of mall shoppers in slacks and blouses, now owns Bonobos and UpWest. It's closing dozens of stores but also plans to get sold to a consortium to survive.

April 22, 2024
|
By:
  • Alina Selyukh
Fake pill bottles with messages about OxyContin maker Purdue Pharma were displayed during a protest outside the courthouse where the bankruptcy of the company was taking place in White Plains, N.Y. in 2021.

Tagged as: 

  • Law

Supreme Court temporarily blocks $6 billion Purdue Pharma-Sackler bankruptcy

Supreme Court's decision to review the controversial bankruptcy deal involving the maker of Oxycontin means the settlement will remain on hold at least through December.

August 11, 2023
|
By:
  • Brian Mann
GPB News NPR

Tagged as: 

  • Business

Instant Pot maker seeks bankruptcy protection as sales go cold

Inflation has buffeted consumers after a pandemic-fueled binge on goods for the home, but spending has also moved elsewhere as people are again able to travel, or go to restaurants and shows.

June 14, 2023
|
By:
  • The Associated Press
Vice Media offices on Feb. 1, 2019 in Venice, Calif. The once-hot media startup filed for bankruptcy after failing to sell itself.

Tagged as: 

  • Media

Vice Media, once worth $5.7 billion, files for bankruptcy

The punk media startup known for its provocative visual storytelling and explicit voice, will be bought by some of the company's leaders for $225 million and the assumption of significant liabilities.

May 15, 2023
|
By:
  • Mary Yang
Bed Bath & Beyond has lost shoppers and money after a series of ineffective or mistimed turnaround attempts. It has also exhausted numerous financial lifelines. Shown here is a Bed Bath & Beyond store in Westbury, New York.

Tagged as: 

  • Business

Homeware giant Bed Bath & Beyond has filed for bankruptcy

The retailer, which also owns the BuyBuy Baby chain, has lost shoppers and money after a series of ineffective or mistimed turnarounds. It plans to close stores.

April 24, 2023
|
By:
  • Alina Selyukh
Shoppers stand outside a Bed Bath & Beyond store in New Jersey.

Tagged as: 

  • Business

Bed Bath & the great Beyond: How the home goods giant went bankrupt

The retailer once triumphed over rivals as a "category killer" with its blue coupons. Now, it's become rudderless, turbulent and broke. Here's what happened.

April 24, 2023
|
By:
  • Alina Selyukh
Bed Bath & Beyond warns that it's exploring all options, including filing for bankruptcy protection.

Tagged as: 

  • Business

Bed Bath & Beyond warns that it may go bankrupt

The struggling retailer says it's exploring all options, including restructuring and filing for bankruptcy relief.

January 05, 2023
|
By:
  • Alina Selyukh
An advertisement for Bitcoin cryptocurrency is displayed on a street Feb. 17 in Hong Kong. Bitcoin slumped to a two-year low Wednesday.

Tagged as: 

  • Business

FTX crypto exchange, billions of dollars low and under DOJ scrutiny, seeks bankruptcy

FTX had agreed earlier this week to sell itself to bigger rival Binance after experiencing the cryptocurrency equivalent of a bank run. The Department of Justice and the SEC are investigating.

November 11, 2022
|
By:
  • The Associated Press
Johnson & Johnson's baby powder is displayed on a table in this photo illustration. A federal judge has allowed Johnson & Johnson's spinoff of a unit to proceed with a controversial bankruptcy.

Tagged as: 

  • Law

Johnson & Johnson wins a key court battle in baby powder case

A federal judge has allowed a Johnson & Johnson spinoff to proceed with a controversial bankruptcy, despite complaints from thousands who say they were harmed by the company's baby powder.

February 25, 2022
|
By:
  • Scott Horsley
Sizzler USA has filed for bankruptcy as a result of the COVID-19 pandemic and related restrictions. Here, drivers pass a closed Sizzler restaurant in Montebello, Calif.

Tagged as: 

  • Business

Pandemic Fizzle: Sizzler Steakhouse Chain Files For Bankruptcy Protection

The restaurant chain, which first opened 62 years ago, says it wants to keep all of its locations open. There are more than 100 Sizzler restaurants in the U.S.

September 23, 2020
|
By:
  • Bill Chappell

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