Bankruptcy

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.

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.