Bankruptcy

Big Lots announced it will likely not complete its purchase agreement to sell off its assets as part of a Chapter 11 bankruptcy, and is holding Going Out of Business sales now.

Lord & Taylor, America's oldest department store chain, is making a comeback after years of financial hardship exacerbated by the pandemic. An e-commerce reboot also failed.

The Container Store is struggling to stay afloat largely due to market conditions and rising competition. Some experts say it's the next retailer to file for Chapter 11.

Stoli Group USA sought Chapter 11 bankruptcy protection in court last week. Affiliate Kentucky Owl also filed for bankruptcy on the same day, according to PacerMonitor.

Spirit Airlines announced on Monday that its recent Chapter 11 bankruptcy filing won't impact travel. But industry experts say their could be issues ahead.

Spirit Airlines has filed for Chapter 11 bankruptcy protection, the company announced Monday morning.

Takata was pushed into bankruptcy after being involved in the complex, expensive recall of explosive airbags. The dangerous airbags have led to the death of 28 people in the U.S.

Casual dining chain TGI Fridays Inc. filed for Chapter 11 bankruptcy in Texas on Saturday with the company's executive chairman saying it still has not fully recovered from the COVID-19 pandemic.

Beyond Inc. entered into a strategic partnership with the Container Store. The plan is to boost store traffic by adding Bed Bath & Beyond-branded products.

Big Lots aims to permanently close the doors of 50-plus more stores, it told the bankruptcy court overseeing its Chapter 11 proceedings late last week.

Wholesaler True Value filed for bankrtupcy Monday and announced its plans to sell to rival Do It Best. True Value retail stores are not included in the bankruptcy.

The former electric vehicle maker Fisker's headquarters in La Palma, California, following a bankruptcy filing was left a mess, according to court documents.

Tupperware Brands filed for bankruptcy protection, months after the iconic American brand shut down its last remaining U.S.-based plant amid financial troubles.

Red Lobster officially came out of the bankruptcy process on Monday, with new CEO Damola Adamolekun calling it the "start of a new chapter" for the seafood restaurant chain.

BurgerFi International on Wednesday joined the group of restaurant chains that have filed for Chapter 11 bankruptcy protection this year.

Months after Big Lots publicly announced signs of trouble, the home goods and seasonal retailer is selling its business as it starts bankruptcy proceedings.