Bankruptcy

Prochain Capital President David Tawil said popular brands are feeling the effects of consumers shifting away from high costs, echoing a Wall Street Journal report.

In December 2023, Rose Inc sold for $2.5 million to AA Investments, a Hong Kong-based asset management firm when Amyris, Inc. filed for bankruptcy.

Teen clothing retailer Rue21 is filing for bankruptcy again. This time, the company will close all its stores, sell all intellectual property and hold "going out of business" sales.

Express will permanently close the doors of over 100 stores across two of its brands, Express and UpWest. The bulk of the closures – 95 – will be Express.

Express filed for Chapter 11 bankruptcy protection on Monday. WHP Global sent Express a non-binding letter of intent to possibly buy a "substantial majority" of its operations.

Tijuana Flats has closed 11 locations during bankruptcy restructuring after announcing new ownership. The company has restaurants in four states across the southeast.

Red Lobster is considering filing for bankruptcy to restructure its finances to address debt and costly leases after bringing in a new CEO with experience leading turnarounds.

Retail pharmacy chain Rite Aid has announced the closure of dozens of more stores in court filings, according to reports. The stores are in nine states.

The California-based dollar store chain 99 Cents Only is closing all of its retail locations nationwide due to financial burdens that have forced the company to liquidate its stock and real estate.

New FTX CEO John Ray says his predecessor, Sam Bankman-Fried, is "living a life of delusion" by claiming the bankruptcy of his cryptocurrency exchange was not necessary.

Joann Inc. stores are set to stay open while the company looks to restructure financially, according to a company bankruptcy announcement Monday.

WeWork co-founder and former CEO Adam Neumann wants to buy the bankrupt co-working provider back through his new venture, claiming to have hedge fund backing.

The U.S. saw a significant 58% spike in business bankruptcies in 2023 with health care hardest hit, according to the latest Restructuring Insights report released by Debtwire.

A judge in Hong Kong on Monday ordered the bankrupt China Evergrande Group to liquidate, saying the indebted real estate giant has failed to present a stable restructuring plan.

Many U.S. cities are grappling with broken-down electric transit vehicles that cannot be fixed, months after the largest E-bus manufacturer filed for bankruptcy.

New York City Mayor Eric Adams announced a plan to wipe out up to $2 billion in medical debt for hundreds of thousands of city residents during a press conference on Jan. 22, 2024.

Radio giant Audacy says it has filed a Chapter 11 bankruptcy protection and reached an agreement with debt holders as the company battles slumping advertising revenue.

E-scooter rental company Bird Global filed for Chapter 11 bankruptcy on Tuesday, two years after going public in a deal valued the startup at $2.3 billion.

Cryptocurrency exchange FTX Trading Co. has filed an amended plan to end its bankruptcy and return funds to investors and customers.