Bankruptcy

The trustee overseeing the bankruptcy of the disastrous Fyre Festival has filed court papers seeking permission to start distributing the funds that have been recovered in the wake of the musical jamboree’s famous flameout in 2017.

Hertz Global Holdings, Inc. announced that it has emerged from Chapter 11 bankruptcy, painting a rosy picture of the future for the car rental company that was battered in the early days of the pandemic.

In 2016, the Del Vecchios approached TAL to invest $100 million into Brooks Brothers under an agreement that the family-run garment manufacturing company would be "made whole" of their investment.

Despite new owners, the woes continue for the ailing JCPenney, which has cut 650 jobs, according to Forbes.

Hertz Global Holdings Inc.

The NRA announced on Jan. 15 that it was seeking relief in the U.S. Bankruptcy Court for the Northern District of Texas, Dallas Division. However, the organization has said it is looking to re-incorporate in Texas from New York, where it has been incorporated for 150 years.

The number of people seeking bankruptcy during the pandemic fell sharply last year as government aid propped up income and staved off housing and student-loan obligations.

In some of the country’s largest shopping malls like Palisades Center in West Nyack, NY, the strategy to add theme-park like attractions to make up for declining foot traffic looks less like a lifeline and more like a burden. 

The company originally planned to begin liquidation sales before the new year, with 15 stores slated to close by March. 

A prominent paparazzi agency has filed for Chapter 11 bankruptcy after a lengthy legal battle against Meghan Markle. 

U.S. prosecutors on Thursday charged the co-founders of uBiome Inc, a San Francisco biotechnology startup, with defrauding investors about its ability to expand clinical tests to monitor gut health and obtain reimbursements from insurers.

Toys R Us has been sold yet again — the latest effort to revive the famous but struggling brand amid a boom in toy sales.

State regulators have barred the energy supplier after it charged customers big electricity-price increases during freeze.

Brazos Electric, which serves 16 distribution member co-ops that cater to more than 1.5 million Texans, said it had "no choice" but to file for bankruptcy after its collateral surged to $1.6B in four days following a wholesale energy price increase by ERCOT and the Public Utility Commission of Texas.

The Boy Scouts of America are offering cash, artwork and other assets to sex-abuse victims under a bankruptcy plan filed Monday, an opening gambit by the youth group to move past the failures to protect children that have threatened its standing in American society.

Steak 'n Shake Inc. sued lender Fortress Investment Group LLC after the burger chain paid off debt coming due to avoid bankruptcy, accusing Fortress of misusing confidential information to mount a takeover bid.

Real-estate brokerage Redfin Corp. has agreed to buy apartment search site operator RentPath Holdings Inc. out of bankruptcy for $608 million, in a deal that would combine operators of leading U.S. property listing websites for purchasing and renting a home.

China's Luckin Coffee has filed for bankruptcy protection.

A plea agreement suggested a sentence of up to 18 months in prison