‘The party is over’ as Tupperware files for bankruptcy after ... - CNN
Sep 18, 2024 · Chapter 11 bankruptcy allows companies to solve their financial problems by restructuring. “This process is meant to provide us with essential flexibility as we pursue strategic alternatives to...
Rite Aid Completes Restructuring Process and Emerges from Chapter 11
PHILADELPHIA, September 03, 2024 -- (BUSINESS WIRE)--Rite Aid Corporation ("Rite Aid" or the "Company") today announced that it has successfully completed its financial restructuring and emerged...
True Value declares Chapter 11 bankruptcy and lines up sale ... - CBS News
3 days ago · Over the last 12 months, 113 companies with more than $100 million in assets have filed for either Chapter 7 or Chapter 11 bankruptcy, Cornerstone Research said in a new report.
Revlon emerges from bankruptcy with new board and new owners - AP News
May 2, 2023 · NEW YORK (AP) — Less than a year after filing for chapter 11, Revlon emerged from bankruptcy protection Tuesday as a privately held company with new owners, reduced debt and a new board. “Today marks an important moment in Revlon’s history and evolution,” said Debra Perelman, president and CEO of Revlon, in a statement.
Chapter 11 Bankruptcy: What You Need To Know – Forbes Advisor
Feb 18, 2022 · Chapter 11 stops creditor collection efforts, facilitates negotiations to settle debts and can even allow a business to get new financing on better terms. The goal is to keep your business...
Corporate America Faces a Bankruptcy Boom - The New York Times
May 18, 2023 · New data shows that 2023 is shaping up to be the biggest year for Chapter 11 filings in over a decade, as a potent brew of economic troubles hit financially weakened companies....
Rite Aid files for bankruptcy | CNN Business
Oct 15, 2023 · Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive...
Joann Fabrics and Crafts files for Chapter 11 bankruptcy - NBC News
Mar 18, 2024 · Joann Fabrics and Crafts has filed for Chapter 11 bankruptcy protection as it seeks to reorganize its finances. In a release accompanying its filing, Joann said its stores and website would...
Sears Hometown files for Chapter 11 bankruptcy protection
Dec 13, 2022 · Sears Hometown Stores Inc., a franchise-owned unit of Sears, has filed for Chapter 11 bankruptcy protection. Sears spun off Sears Hometown in 2012 to give the parent company a much-needed...
Rite Aid files for Chapter 11 bankruptcy protection amid opioid …
Oct 16, 2023 · The Chapter 11 filing late Sunday in U.S. Bankruptcy Court in New Jersey not only provides $3.45 billion in new financing to support Rite Aid through reorganization, it also pauses opioid ...