Bankruptcy

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

The NRA claims that a restructuring plan is a "proven mechanism for streamlining legal and business affairs." 

Sycamore Partners will retain majority control of Belk, according to an agreement it reached with some of Belk’s creditors

The growing popularity of food delivery has been a problem for Cici’s, especially since the COVID-19 pandemic has forced many diners across the country to stay home.

The company also said it presumed it would continue to make progress in negotiations with theater landlords over lease payments.

The National Rifle Association has filed for bankruptcy, and plans to ditch what CEO Wayne LaPierre described as “the toxic political environment of New York” and move its headquarters to Texas.