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Bankruptcy News


Trump tariffs have forced us into bankruptcy and liquidation, says PC case maker CaseLabs

Added August 12, 2018

The Independent reports that CaseLabs, based in California, will be permanently closing this week.


Chevys LA Based Parent Company Files for Bankruptcy

Added August 12, 2018

Eater Los Angeles reports that this is the second bankruptcy filing for the troubled Southern California company.


Casper, Mattress Firm, and the Retail Lifecycle

Added August 12, 2018

Racked reports that Casper disrupted the mattress space online. Now its coming for retail, while Mattress Firm reportedly eyes bankruptcy.


Mattress Firm considers bankruptcy

Added August 12, 2018

According to the Dayton Daily News, the mattress retailer is looking for a way to close some stores that are losing money and get out of expensive leases.


Samuels Jewelers Files for Bankruptcy in Wake of India Fraud Probe

Added August 12, 2018

According to the Wall Street Journal, the retailer was controlled by a jewelry magnate who is wanted in bank fraud investigation.


How this Vermont company went from appearing on Shark Tank to bankruptcy

Added August 12, 2018

According to KARE11, after appearing on Shark Tank, Butcher Block & Board Company recently filed bankruptcy and left behind nearly $800,000 in unpaid debts.


Operator of 22 freestanding ERs files for bankruptcy

Added August 12, 2018

According to Becker Hospital Review, Houston based Neighbors Emergency Center has filed for Chapter 11 bankruptcy.


San Antonio honky tonk Cowboys Dancehall files for bankruptcy again

Added August 12, 2018

According to My San Antonio, the owner of Cowboys Dancehall is once again seeking bankruptcy protection to avoid losing the San Antonio club at a foreclosure auction.


San Franciscos luxury home furnishings retailer Gumps files for bankruptcy

Added August 12, 2018

According to Reuters, Gumps Holdings LLC, the parent company of luxury home decor and furnishings retailer Gumps Corp has filed for creditor protection.


More Retail Chapter 11 Filings

Added August 12, 2018

According to the National Review, Heritage Home Group LLC and Real Mex Restaurants filed for Chapter 11 bankruptcy.


El Torito owner files for its 2nd bankruptcy

Added August 6, 2018

Restaurant Business Online reports that Real Mex Restaurants files for debt protection and has a buyer willing to pay $47 million.


Bankruptcy documents show Palm Beach hotel-condo owes millions

Added August 6, 2018

According to Palm Beach Daily News, the ownership company of the Palm House condo project owes nearly $115 million to creditors.


Brookstone files for bankruptcy and will close all of its mall stores

Added August 6, 2018

CNN reports that the mall and airport seller, best known for massage chairs, quirky gadgets, and travel luggage, filed for Chapter 11 bankruptcy.


US retailer National Stores preparing to file for bankruptcy

Added August 6, 2018

According to Reuters, off-price US apparel and housewares store, National Stores Inc. operating as Fallas and Factory 2U, is preparing to file for bankruptcy


Westinghouse emerges from bankruptcy with new owner

Added August 6, 2018

According to the Post Gazette, Westinghouse Electric Co. is now owned by Canadian asset management firm, Brookfield Business Partners.


Can MannKind Corporation Avert Bankruptcy?

Added August 6, 2018

Motley Fool reports that MannKinds second quarter numbers show that the company is in financial distress.


Steve Jobs Asked One Profound Question That Took Apple From Near Bankruptcy To $1 Trillion

Added August 6, 2018

Forbes reports that Apples path to its $1 trillion valuation was nearly derailed when the company was running out of cash.


Mattress Firm explores US bankruptcy to close stores

Added August 6, 2018

CNBC reports that Mattress Firm is seeking ways to get out of costly store leases.


Toys R Us bankruptcy puts a dent in July job report

Added August 6, 2018

New York Business Journal reports that there was a large reduction of about 32,000 jobs losses in retails hobby, toy and game category.


PG&E Bonds Belie Fear of Imminent Bankruptcy Over Wildfires

Added August 6, 2018

According to Bloomberg, the utility could face $17.3 billion in liabilities from wild fires.


Aircraft Parts Maker Nordam Files for Bankruptcy Protection

Added July 30, 2018

According to WSJ.com, the cost of developing a business jet part for Pratt & Whitney strained companys finances.


Major Dairy Queen Operator Emerges From Bankruptcy

Added July 30, 2018

The Wall Street Journal reports that the Dallas based fast-food chain closed more than two dozen restaurants, negotiated debt repayment.


Bankrupt Indian Companies Are Clogging the Economy but Now the Clock Is Ticking

Added July 30, 2018

The Wall Street Journal reports that new bankruptcy law gives failing companies nine months to resolve their debt or risk liquidation.


Oaktree Says Claires Rush to Leave Bankruptcy Could Hurt Recoveries

Added July 30, 2018

Teen accessories retailer determined to leave chapter 11 by late September, as reported by WSJ.com.


A Bidding War Brews Over Bankrupt iHeartMedia

Added July 30, 2018

According to the Wall Street Journal, John Malones Liberty Media and buyout firm Silver Lake circle nations No 1 radio broadcaster.


Charlesbank to Buy Bankrupt Rockport for $150 Million

Added July 30, 2018

Shoemaker says $150 million offer from Boston based private-equity firm was the only bid, as reported by WSJ.com.


Gibsons Sales Process Comes Under Fire

Added July 30, 2018

The Wall Street Journal reports that Blackstones lending unit wants bankrupt guitar maker to make a broader push seeking potential buyers.


Toys R Us Reaches Settlement With Creditors Vendors

Added July 30, 2018

Deal would shield a lender group from future litigation while boosting recoveries for vendors and other creditors, according to WSJ.com.


Private Equity Firm Silver Lake Offers to Invest $500 Million in iHeartMedia

Added July 30, 2018

Radio broadcasters largest creditors havent accepted the proposal, as reported by WSJ.com.


Judge Pushes Settlement Talks in Tribune LBO Court Fight

Added July 30, 2018

According to news reports, there is no end in sight for high stakes litigation over media companys bankruptcy.


Tulsa based NORDAM Group files for Chapter 11 bankruptcy

Added July 23, 2018

According to KTUL Aerospace company Nordam has voluntarily filed Ch 11 bankruptcy.


Circuit-board company files for Chapter 11 bankruptcy

Added July 23, 2018

The Austin Business Journal reports that Dynalist has filed for bankruptcy protection.


Gymboree Pins Post Bankruptcy Comeback Hopes on Better Merchandise

Added July 23, 2018

Fortune Magazine reports that Gymboree has a plan it hopes will land it back in shoppers good graces.


ERP enters Chapter 11 with drama swirling around Clarke

Added July 23, 2018

Mesabi Daily News reports that ERP Iron Ore recently filed for Chapter 11 bankruptcy, as the owner plans to dismantle the former Magnetation site near Grand Rapids.


Retailer Brookstone Seeks Bankruptcy Financing

Added July 23, 2018

According to the Wall Street Journal, the specialty store is shopping for a loan to fund its debt restructuring if it files for chapter 11 protection.


Remodeler of collapsed building files for bankruptcy

Added July 23, 2018

According to the Rapid City Journal, Hultgren Constructions Chapter 11 filing will enable the company to reorganize as it faces several lawsuits.


WIS Holding Files Chapter 11 Protection

Added July 23, 2018

Benzinga reports that the Chapter 11 filing follows the companys 2017 sale of assets to Retail Services WIS Corporation.


Woodbridge Group to Start Paying Investors By End of 2018

Added July 23, 2018

The Wall Street Journal reports that property sales will continue for years, as Ponzi scheme is unwound.


Cloud Storage Business Tintri Files for Bankruptcy Protection

Added July 23, 2018

According to the Wall Street Journal, the company had revenue of $125 million last year, but couldnt turn a profit.


Disclosure Advocate Seeks to Reopen Coal Miners Bankruptcy

Added July 23, 2018

The Wall Street Journal reports that Jay Alix says McKinsey failed to disclose a conflict of interest in Alpha Natural Resources bankruptcy.


Gymboree, a rare retailer to emerge from bankruptcy last year, launches its reboot on Amazon Prime Day

Added July 16, 2018

CNBC reports that the retailer plans to focus on improving the quality and value of its clothing.


5 years after declaring bankruptcy, Detroit reborn

Added July 16, 2018

The Mining Journal reports that Detroit emerged from bankruptcy in December 2014, having restructured or wiped out $7 billion in debt.


Cloud Storage Firm Tintri Files Chapter 11 with DIP Commitment from TriplePoint Capital

Added July 16, 2018

ABL Advisor reports that the company will continue to operate its businesses as a debtor-in-possession under the jurisdiction of the bankruptcy court.


Tintri, once nearing a unicorn valuation, files for bankruptcy

Added July 16, 2018

Silicon Valley Business Journal reports that the company raised about $59.5 million when its shares debuted on the Nasdaq stock exchange at $7 in its June 2017 IPO.


Overview Of Some Recent Bankrupt Companies

Added July 16, 2018

According to Seeking Alpha, Westmoreland Coal could be the next one to file for Chapter 11.


RadioShack Looks to Make a Comeback with HobbyTown Deal

Added July 16, 2018

According to Dealer Scope, the 97-yearold consumer electronics chain has gone through bankruptcy twice in the last three years.


Danny Veghs files for Chapter 11 bankruptcy protection By Stan Bullard

Added July 16, 2018

According to Crains Cleveland Business, there is a dispute between Danny Veghs Home entertainment and former landlord Stark Enterprises of Cleveland.


Unsecured Creditors Rip Claire's Ch. 11 Process

Added July 16, 2018

According to Law 360, an unsecured creditor trustee for bankrupt Claires Stores Inc. called for a month or more delay Friday in action on the companys Chapter 11 plans and schedule.


Gymboree Banks on New Apparel Line in Post Bankruptcy Turnaround

Added July 16, 2018

According to Bloomberg, the childrens clothing chain takes page from fast-fashion rivals.


Elk Grove bankruptcy dismissed as parent company of The Falls declares bankruptcy

Added July 16, 2018

According to the Sacramento Business Journal, a Sacramento bankruptcy judge on Wednesday dismissed the bankruptcy reorganization case of The Falls at Elk Grove LLC.


Bankruptcy stalls controversial Flying Cow Ranch project in Wellington

Added July 9, 2018

The Palm Beach Post reports that the project developer filed for bankruptcy and the building project is on hold.


Companies in Utah solar fraud case filing for bankruptcy

Added July 9, 2018

According to the Desert News, the US Department of Justice filed a motion to take over the two companies involved and freeze millions in assets.


How GMs Bankruptcy Saved the Corvette

Added July 9, 2018

Road and Truck reports that in an effort to save money, cancelled production on the Corvette in 2008. The automaker's 2009 bankruptcy actually helped launch the C7.


Rockport sells itself in bankruptcy

Added July 9, 2018

Retail Dive reports that Rockport has agreed to sell itself in bankruptcy to private equity firm Charlesbank Capital Partners.


Seadrill emerges from Chapter 11 bankruptcy

Added July 9, 2018

Reuters reports that the company has successfully completed its reorganization, emerging from a US Chapter 11 bankruptcy process.


Pepperell Mills owner files for bankruptcy

Added July 9, 2018

According to the Herald News, that filing asks the court to liquidate its assets and use the money to pay off creditors.


The Walking Co. Emerges From Bankruptcy With $10M in New Equity

Added July 9, 2018

According to Footwear News, the company has also received support from an enhanced financing package from Wells Fargo Bank.


Auto parts maker Lear files for Chapter 11

Added July 9, 2018

ABC News reports that the company received the support it needed from lenders and bondholders to reorganize its struggling business.


Aspen Lakes Golf Course files for Chapter 11 bankruptcy

Added July 9, 2018

According to News Channel 21, this is the second bankruptcy filing at the location in seven years.


Gibson lost $10M in first month under Chapter 11

Added July 9, 2018

The Nashville Post reports that the guitar maker amassed $6.6M in costs related to bankruptcy proceedings.


Dodging bankruptcy, Cartesian sells to private equity firm

Added July 2, 2018

The Kansas City Business Journal reports that Cartesian has agreed to sell to a subsidiary of Blackstreet Capital.


Handcrafted basket maker Longabergers parent company files for bankruptcy

Added July 2, 2018

The Newark Advocate reports that the Longaberger company announced it was suspending operations, when it sent an email to sales consultants, asking them to halt accepting new orders because the company was without operating cash.


Creditors Probe Gibsons Pre Bankruptcy Dealings With Lenders

Added July 2, 2018

According to the Wall Street Journal, Blackstone and KKR affiliates face questions from creditors of guitar company.


No resolution in sight for Duluth diocese bankruptcy

Added July 2, 2018

MPR News reports that insurance companies have agreed to kick in $25 million to a fund that would compensate survivors of clergy sexual abuse from the Diocese of Duluth.


Health Diagnostic Laboratory files for Chapter 11 bankruptcy

Added July 2, 2018

The Richmond Times Dispatch reports that the company is looking for additional financing to stay on its feet.


Creditor challenging Falls Event Center bankruptcy

Added July 2, 2018

The Sacramento Business Journal reports that there is a contested bankruptcy for one and a mounting unpaid property tax bill for the Falls Event Center.


Bankrupt Bertuccis to be acquired by Planet Hollywood owner for $20M

Added July 2, 2018

According to the Boston Business Journal, the buyer, Orlando-based Earl Enterprises, also owns the Buca di Beppo and Earl of Sandwich brands.


Durham Pie Hole franchisee files for bankruptcy

Added July 2, 2018

Pielicious, Inc. the company behind the Durham franchise of The Pie Hole has filed for bankruptcy.


Seven Tower Bridge bankruptcy to go to mediation

Added July 2, 2018

According to the Philadelphia Business Journal, a judge has asked the involved parties to try to resolve a situation that led to the Chapter 11 filing.


Huge sports anchored project tied to Royals Manager Ned Yost files for bankruptcy

Added July 2, 2018

According to the Kansas City Business Journal, Kansas City Royals Manager Ned Yost and Braves Hall of Fame Manager Bobby Cox both lent their names to LakePoint Sporting Community and helped get the project underway as development partners.


Harley Davidson Plan to Move Production Abroad Draws Tax Threat From Trump

Added June 26, 2018

The New York Times reports that Harley-Davidson is receiving criticism over its plans to move some of its motorcycle production abroad.


J.Mendel Files for Bankruptcy

Added June 25, 2018

According to Womens Wear Daily, the luxury brand had been battling creditors in court for several months.


Custom home builders file bankruptcy after families complain about unfinished work

Added June 25, 2018

WSOCTV.com reports that the owners of Carbon Custom Homes have filed for bankruptcy.


Utility bankruptcy concerns rise as bill comes due for 2017 California fires

Added June 25, 2018

According to Utility Dive, some 394 wildfires at the end of 2017 could cost Californias IOUs tens of billions


Why The Toys R Us Bankruptcy Is A Win For Golfers And PGA Tour Superstores

Added June 25, 2018

Forbes reports that the PGA Golf Superstore is expanding its presence and selling more toys for golfers.


Swedens largest military drone maker files for bankruptcy

Added June 25, 2018

Defense News reports that CybAero, the largest military and security drone producer in Sweden, has filed for bankruptcy.


Montebello Rockfest files for bankruptcy

Added June 25, 2018

Punk News reports that the news comes just one week after the festival received more than $500,000 from the Quebec government.


Bankrupt Mt. Goxs customers are in line for an immense windfall

Added June 25, 2018

Quartz reports that creditors are entitled to receive their claims in bitcoin rather than the fiat equivalent at the time the bankruptcy began.


Trios Health establishes plan to emerge from bankruptcy

Added June 25, 2018

KEPR.tv reports that Trios Health in Kennewick is heading out of financial troubles nearly one year after filing for bankruptcy.


McKinsey Investments Werent Disclosed in Bankruptcy Cases

Added June 25, 2018

According to the Wall Street Journal, the retirement fund invested in hedge funds with financial interests in six bankrupt companies the consulting firm was advising.


Tops getting back on financial track in bankruptcy

Added June 25, 2018

The Buffalo News reports that the supermarket chain has been profitable during the first three months since the company filed for bankruptcy in late February.


Can Student Loans Now Be Discharged In Bankruptcy?

Added June 18, 2018

Forbes reports that normally, student loans are not dischargeable. However, that may change.


PG&E Gearing up for possible bankruptcy, CA lawmakers say

Added June 18, 2018

Action News Now reports that PG&E may file for bankruptcy, due to the massive amount of lawsuits on their hands.


Northboros Bertuccis bought out of bankruptcy

Added June 18, 2018

Wall & Main reports that Plant Hollywood bought Bertuccis pizza chain out of bankruptcy.


Puerto Rico pensioners are facing devastating effects of bankruptcy

Added June 18, 2018

According to The Hill, with 167,000 public pensioners, Puerto Rico is facing a dire fiscal and economic crisis.


Gilbert Hospital, sister facility closing after involuntary Chapter 11 bankruptcy proceedings

Added June 18, 2018

The Phoenix Business Journal reports that Gilbert Hosptial will be closing its doors on June 16 following an involuntary Chapter 11 filing.


Hotel Mumbai Producers Strike Deal to Escape Weinstein Bankruptcy

Added June 18, 2018

Variety reports that the producers of Hotel Mumbai succeeded in sealing a deal with the Weinstein Co. to reclaim the film in exchange for an undisclosed sum.


BI LO emerges quickly from bankruptcy protection, remodels 3 Upstate stores

Added June 18, 2018

Greenville Online reports that BI LO plans to freshen up 100 of its roughly 575 stores nationwide.


RCSD heading toward bankruptcy, school board member warns

Added June 18, 2018

According to the Democrat & Chronicle, the Rochester County School District is headed towards bankruptcy.


Tops needs more time to restructure. Heres whats left to do

Added June 18, 2018

The Buffalo News reports that Tops Markets need more than six months to restructure in bankruptcy.


Discovery Tours took every loan imaginable to stay alive, VP tells bankruptcy court

Added June 18, 2018

The Plain Dealer reports that a fight with a Washington, DC hotel over slow payment of bills led to the forced closure of the Discovery Tours school tour operator.


Stuart Mortuary files for Chapter 11 bankruptcy protection

Added June 11, 2018

IBJ reports that Stuart Mortuary is a fourth generation, family owned funeral home on the north side of Indianapolis, Indiana.


Cenveo Clears Hurdle to Exit from Chapter 11

Added June 11, 2018

According to Publishers Weekly, the company expects to emerge from bankruptcy sometime this summer.


Remington emerges from Chapter 11 bankruptcy with much less debt

Added June 11, 2018

Syracuse.com reports that the company has emerged from bankruptcy with new owners, which are its lenders.


Pittsburgh cardiovascular practice files for Chapter 11 bankruptcy

Added June 11, 2018

According to the Pittsburgh Business Times, the company ceased operations on Dec. 31, 2017 with over $1M in liabilities.


Tops creditors want to examine million dollar deals that piled on debt

Added June 11, 2018

The Buffalo News reports that unsecured creditors are seeking information about several payments the supermarket chain made before filing for bankruptcy.


Radio giant Cumulus Media completes bankruptcy restructuring

Added June 11, 2018

The Atlanta Business Chronicle reports that the bankruptcy restructuring slashed the companys total debt from $2.34 billion to $1.30 billion.


Houston energy company emerges from Chapter 11 with new name

Added June 11, 2018

According to Houston Business Journal, EV Energy Partners LP has emerged from Chapter 11 as Harvest Oil & Gas Corp.


New MACH Gen LLC Announces Comprehensive Restructuring

Added June 11, 2018

According to PR Newswire, the company has filed a Restructuring Support Agreement with its first lien lender and its equity owner.


Arecont Vision files for Chapter 11 bankruptcy protection as part of restructuring effort

Added June 11, 2018

According to SecurityInfoWatch, the restructuring effort is expected to result in the company being sold to a private equity firm.