Bankruptcy

The Dallas-based company plans to open up smaller scale gyms ranging anywhere from 10,000-20,000 square feet in size.

The company is reeling under a mountain of debt totaling more than $9 billion

24 Hour Fitness announced Monday the company is filing for Chapter 11 bankruptcy after having to close more than 130 gym locations around the country amid the coronavirus pandemic.

J. Crew Group has reopened more than 300 of nearly 500 stores which had been temporarily shuttered due to the coronavirus pandemic.

Investors bid the Nasdaq past the 10,000 level while exiting the Dow and S&P.

Some of the stocks hit hardest by COVID-19 are seeing out-sized gains based more on optimism than hard data.

A bankruptcy filing is just one option the company is considering

Chuck E. Cheese in talks with lenders to raise money to avoid bankruptcy: sources

 California utility PG&E Corp is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company's funding plan said on Friday, sending its shares up more than 12 percent

Pacific Gas & Electric's proposal to pay $25.5 billion for a series of deadly Northern California wildfires ignited by its equipment faced a final barrage of resistance from critics Thursday, who told a federal judge that the plan will do more to enrich savvy investors than help fire victims rebuild their lives.

The indoor league shut down for good in November 2019 after failing to find a financial backer to sustain operations.

Pier 1 expects to conclude liquidation proceedings and shut down for good by the end of October.

The Belgian company's U.S. arm said in court papers it hoped to avert a complete liquidation of its 98 Le Pain Quotidien locations with a proposed $3 million sale of the business to fast-casual restaurant operator Aurify Brands LLC.

Hertz has furloughed and laid off about 20,000 workers, or roughly 50 percent of its workforce, according to a regulatory filing.  

The drama is scheduled to enter its latest act Wednesday.

SoftBank-owned investment group Fortress acquired Southern fast-food chain Krystal for $48 million after the restaurant filed for bankruptcy in January.

A new, streamlined bankruptcy option makes the process less daunting, and less expensive for small businesses.

Pier 1, which operates about 541 stores in the U.S., said in a statement that it intends to sell its inventory and remaining assets, including its intellectual property and e-commerce business, through a court-supervised process.