Bankruptcy

Lawyers for cancer victims accused Johnson & Johnson of pushing roughly 38,000 talc lawsuits into chapter 11 to stem damage to its corporate brand and gain unfair leverage, as a trial concludes on a bankruptcy strategy the company has defended as fair and reasonable.

The Boy Scouts of America won backing for a landmark sex-abuse compensation plan from the official committee representing 82,200 individual claimants, further solidifying support for ending the largest bankruptcy case ever filed over childhood abuse.

Puerto Rico’s nearly five-year bankruptcy battle is ending after a federal judge on Tuesday signed a plan that slashes the U.S. territory’s public debt load as part of a restructuring and allows the government to start repaying creditors.

One of the Boy Scouts of America's primary insurers, Chubb Ltd unit Century Indemnity Company, said on Monday it will contribute $800 million to a deal proposed by the youth organization to settle around 82,500 claims from people who say they were sexually abused as children by troop leaders.

The Metropolitan Museum of Art is dropping the Sackler name from seven exhibition spaces amid growing outrage over the role the family may have played in the opioid crisis.

SpaceX CEO Elon Musk has warned that while a potential bankruptcy for the aerospace company in the event of a severe global recession is "unlikely," it is "not impossible."

The Credible Money Coach helps a reader understand how a bankruptcy and fair credit score may affect his ability to get a mortgage.

Objections to a historic settlement with Purdue Pharma are mounting in the form of appeals, with Rhode Island's attorney general saying Wednesday the plan doesn't hold the OxyContin maker or its owners accountable for its role in sparking the opioid crisis.

Sears will be closing its last major location in its home state of Illinois.

A U.S. judge on Monday approved up to $7.1 million in bonuses for five executives of Purdue Pharma, the bankrupt maker of OxyContin, at a hearing at which he faced blunt criticism for his handling of the case from a woman whose son died of an opioid overdose.

Jessica Simpson is looking to buy Sequential Brands Group Inc., a brand that owns the rights to her fashion line, out of bankruptcy, according to a report.

A federal bankruptcy judge has signed off on OxyContin maker Purdue Pharma's plan to settle billions in lawsuits over the opioid crisis.

A federal bankruptcy judge is expected to rule Wednesday on whether to accept a settlement between OxyContin maker Purdue Pharma, the states and thousands of local governments over an opioid crisis that has killed a half-million Americans over the last two decades.

A bankruptcy judge has approved an $850 million settlement from the Boy Scouts of America as the yearslong lawsuit begins to show some resolution for tens of thousands of victims of sexual abuse.

A bankruptcy judge on Thursday approved a proposal by the Boy Scouts of America to enter into an agreement that includes an $850 million fund to compensate tens of thousands of men who say they were sexually abused as youngsters by Scout leaders and others.

Tiger Woods' former mistress Rachel Uchitel filed for bankruptcy in 2020 but an attorney for the pro golfer is contesting it.

A member of the Sackler family that owns OxyContin maker Purdue Pharma says the billionaires will not agree to a settlement unless it includes liability protections for the heirs against waves of lawsuits over the opioid crisis.

Attorneys for the Boy Scouts of America are asking a Delaware judge to approve an $850 million agreement that is the foundation of the group's plan to emerge from bankruptcy.

In July 2021, a federal court ruled that private student loans can be discharged in bankruptcy. But student loan refinancing may offer a better way to manage your college debt without significantly damaging your credit score.

Retailer Johnson & Johnson is reportedly considering spinning off liabilities from its Baby Powder unit due ongoing litigation, with plans to seek bankruptcy protection for that new business.