Another troubled shipping company files for Chapter 11 Bankruptcy
Financial distress in the trucking and logistics industry since the Covid-19 pandemic has brought on the Great Freight Recession, which resulted in shipping companies launching either out-of-court restructurings or bankruptcy filings.
Huge global travel agency system files Chapter 11 bankruptcy
Low-cost airline Spirit Airlines was the most prominent airline to file bankruptcy as it filed its Chapter 11 petition on Nov. 18, 2024. The filing came after a judge blocked JetBlue Airways' ( JBLU) plan to acquire it last February and a merger deal with rival Frontier Airlines ( ULCC) fell through.
California trucking company, affiliate file for Chapter 11 bankruptcy
A California trucking company, which provided earthwork, excavation, and demolition services, along with its affiliated company, recently filed for bankruptcy protection, citing cashflow issues after defaulting on its factoring agreement.
Iconic bookstore chain files for Chapter 11 bankruptcy
The bookstore retail sector has shrunk significantly over the last 25 years as Amazon and other online sales decimated brick-and-mortar booksellers. Crown Books, which had locations in malls, was one of the first major bookstore chains to fold in the new millennium,
Books Inc. files for Chapter 11 bankruptcy, closing Berkeley store
The oldest independent bookstore company in the Bay Area said Tuesday it has filed for bankruptcy. Books Inc. announced it filed a voluntary petition for reorganization under Chapter
California Bookstore Chain Files for Bankruptcy After 174 Years
Books Inc., the oldest independent bookstore chain in San Francisco's Bay Area, has filed for Chapter 11 bankruptcy protection in an effort to save its remaining businesses. The company, established in 1851,
Bay Area's Books Inc., founded in 1851, files for bankruptcy
The Bay Area's oldest independent book store has filed for bankruptcy, citing increased operating costs and changes in consumer buying habits. The big picture: Books Inc. operates 11 locations across the Bay,
Books Inc. Files Chapter 11 Bankruptcy Petition, Alameda Store to Remain Open
Books Inc., the Bay Area’s oldest independent bookstore company, has announced that it has filed a voluntary Chapter 11 bankruptcy petition. The Park Street location in Alameda will remain open, but the Berkeley store is set to close February 9.
Spirit Airlines gains $300 million in financing pledges for post-Chapter 11 flying
Spirit Airlines has obtained pledges from its leading lenders to provide up to $300 million in financing for operations after ...
Joann Chapter 11 Again Amid Asset Sale Fears Should No Buyer Be Found
The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had ...
These 11 Georgia Big Lots leases are being sold. Here's where they are
A real estate agency is selling leases for Big Lots locations across 47 U.S. states. See which locations are in Georgia.
Is Joann Fabrics going out of business? Retailer warns of possible liquidation in second Chapter 11 bankruptcy
Stores will remain open for now, but Joann says a “stalking horse” bidder has grim plans for the beloved arts-and-crafts ...
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Vertex Energy emerges from Chapter 11 as private company, appoints new CEO
Vertex Energy has emerged as a privately held company after emerging from Chapter 11 bankruptcy. The company company filed for protections in 2024 after spending on equipment ...
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Popular craft chain Joann files for Chapter 11 bankruptcy. Here's what that means
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an ...
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Expert views: What's next for Northvolt under chapter 11
Northvolt filed for restructuring under the American chapter 11 process. In December, negotiations began in a court in Texas, ...