The restructuring plan is expected to eliminate $320 million of debt and reduce interest expenses.

At the time, the airline cited unprofitability and lack of demand as reasons for its shutdown. As first reported by the BankruptcyObserver watchdog, Tailwind Air has now filed for Chapter 11 ...

It appears a few breakfast restaurant chains have found themselves dealing with financial stress. So much so, that it has ...

This move comes months after creditors pushed for it to pay $1.3 billion in debt, and marks the first major restaurant ...

Primrose Candy Co., filed for bankruptcy Jan. 27 in the U.S. Bankruptcy Court in Northern Illinois. Known for its hard candies and flavored popcorn, the company cited debts, rising operating costs and ...

Under the terms of the proposed restructuring, Pretium’s total funded debt is set to decrease by more than $900m.

The legacy retailer is preparing a Chapter 11 bankruptcy filing that could shut down more than 200 locations.

While some are worried that her Chapter 11 bankruptcy filing means the end for another Black-owned beauty brand, Pat McGrath says she's not going anywhere.

Recent years have seen a number of bankruptcy filings from franchisees of major QSR brands, with many citing similar reasons.