Bankruptcy

At AMC's current cash-burn rate, reserves would be depleted by the end of this year or early next year, Kansas-based AMC said.

Anybody need a pizza restaurant?

Prior to seeking relief in bankruptcy court, the company disclosed that it had secured lenders to support the restructuring process.

The number of U.S. businesses that have sought relief in bankruptcy court is up 33% to date compared to pre-pandemic times, according to new data compiled by legal service firm Epiq.

The spread was reportedly released just before Neiman Marcus Group disclosed that it expects to emerge from Chapter 11 by the end of September after filing for relief in bankruptcy court in May. 

Gun maker Remington Outdoor will be broken up and sold after a multiday bankruptcy auction, in which seven different buyers won the bidding for parcels of the company's weapons and ammunition holdings.

As more and more retailers file bankruptcy in pandemic-related slumps, gift-card holders are left without remedy.

The owner of bankrupt New York Sports Clubs and Lucille Roberts gyms is preparing to sell to lenders that have conceded to supply the financial backing necessary to keep the fitness chains functioning.

The new company is American Consolidated Natural Resources Inc

The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection on Monday, as business and memberships decline at gyms in parts of the nation still grapple with the novel coronavirus pandemic.

The Seattle-based high-end kitchenware store will hold liquidation sales at the closing store locations.

The move by the brand's parent, Town Sports International Inc., to seek financial relief comes after the company failed to attain financial aid to survive the global crisis, Bloomberg reported, citing sources familiar with the matter. 

The decision to "wind down of its retail operations" was made after the company's insurance providers failed to pay $175 million that was due under policies put in place to protect them from losses resulting from the COVID-19 pandemic.

Embattled retailer JC Penney gets a lifeline from two of the nation's largest landlords in a deal valued around $800 million.

Authentic Brands Group CEO Jamie Salter and Simon Property Group CEO David Simon have teamed up to buy several iconic retail brands.

Neiman Marcus Group said on Friday it expected to emerge from Chapter 11 bankruptcy by the end of this month under a restructuring plan that is likely to eliminate more than $4 billion of its debt.

The data, based on a new study by West Health and Gallup, reflects an increase from 45% of Americans who feared being crippled by medical bills in early 2019.

Courts recorded 17% increase in commercial chapter 11 filings last month from a year earlier

J.C. Penney Co. will pursue a bankruptcy sale to top lenders, including H/2 Capital Partners LLC, that would hand them equity in exchange for their debt claims.