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Struggling discount retail chain files for Chapter 11 bankruptcy
The retail sector suffered more significant bankruptcy filings in 2024 after facing several notable Chapter 11 cases in the previous year. Some big-name retail chains that filed Chapter 11 this year and continue in business include mall-based clothing retail chain Express and fabric and crafts store Joann.
Red Lobster exits Chapter 11 bankruptcy protection
Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan earlier this month,
Popular Restaurant Chain Exits Chapter 11 Bankruptcy Protection
Red Lobster has exited Chapter 11 bankruptcy protection after a U.S. bankruptcy judge approved the restaurant's reorganization plan. Asset manager Fortress Investment Group acquired the casual dining chain,
Nostalgic seafood restaurant chain exits Chapter 11 bankruptcy
Tears ran down Americans' faces after a nostalgic seafood restaurant faced multiple closures while drowning in unpaid bills. Related: Popular troubled pharmacy exits Chapter 11 bankruptcy For over five and a half decades,
8d
on MSN
BurgerFi files for Chapter 11 bankruptcy
Fast casual chain BurgerFi has filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress.
coinspeaker
3h
Terraform Labs Bags Approval to Wind Down Bankruptcy Operations
Terraform Labs has received the approval to sunset its operations in a bid to transition its protocol to community-led ...
13h
Court approves Terraform Labs winding down in bankruptcy hearing
After eight months in court, Judge Brendan Shannon of the US Bankruptcy Court for the District of Delaware approved Terraform ...
11d
Big Lots files for bankruptcy
Big Lots, the beleaguered discount retailer that previously warned it had “substantial doubt” about its survival, has filed ...
6d
I went to Big Lots and saw why the chain is closing stores and filing for bankruptcy
Big Lots is planning to close stores as it goes through Chapter 11 bankruptcy. A store in Maryland left BI confused about the ...
cryptonews
4h
US Court Grants Approval to Wind-Down Terraform Labs Operations in Bankruptcy
Terraform Labs is estimated to settle with creditors and stakeholders for between $184.5 million and $442.2 million.
10d
LL Flooring, formerly Lumber Liquidators, closing more than 200 stores but reverses course on shutting down all stores
After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores. The hardwood flooring ...
Associated Press
10d
LL Flooring reverses course and will keep hundreds of stores under new owner
Just weeks after filing for
Chapter
11
, LL Flooring previously said that it would be “winding
down
operations” and ...
9d
Big Lots closing nearly 250 stores. Will Victor Valley locations dodge the bullet?
The fate of Big Lots in the Victor Valley is uncertain for now after the big box retailer filed for Chapter 11 bankruptcy ...
10d
LL Flooring reverses course and will keep hundreds of stores open after bankruptcy filing
NEW YORK — After securing a last-minute buyer, LL Flooring is reversing course on shutting down all of its stores.
1d
Why is Tupperware bankrupt? Food storage brand’s Chapter 11 filing reveals how it failed to change with the times
Once a staple household product for midcentury families, Tupperware said in a court filing that its focus on direct sales ...
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