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FILE PHOTO: Rural food distribution in Boyceville, Wisconsin

Nation Jul 02

Del Monte files for bankruptcy as its canned fruit and vegetable sales slide

By Dee-Ann Durbin, Associated Press

Nation Mar 24

FILE PHOTO: NASDAQ opening bell at the headquarters of DNA tech company 23andMe in Sunnyvale
Genetic testing company 23andMe files for Chapter 11 bankruptcy as co-founder resigns

The company said Sunday that it will look to sell "substantially all of its assets" through a court-approved reorganization plan.

By Associated Press

Economy Nov 18

FILE PHOTO: Spirit Airlines commercial aircraft in Las Vegas
Spirit Airlines files for bankruptcy as financial blows pile up

Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming debt payments totaling more than $1 billion over the next year.

By David Koenig, Associated Press

Nation Sep 18

Tupperware Bankruptcy
Tupperware files for bankruptcy as it struggles to revitalize its business

Tupperware Brands has filed for Chapter 11 bankruptcy protection. The company that revolutionized food storage decades ago says it plans to continue operating and will seek court approval for a sale.

By Wyatte Grantham-Philips, Associated Press

Politics Jul 13

FILE PHOTO: Former New York Mayor Rudy Giuliani departs defamation lawsuit at the District Courthouse in Washington
A judge threw out Rudy Giuliani’s bankruptcy case. Here’s what that means

While Giuliani's creditors can now pursue other legal remedies, such as seizing his apartments and other assets, the judge's decision also allows the former prosecutor and longtime ally of former President Donald Trump to now try to appeal a massive…

By Associated Press

Jun 07

Alex Jones seeks permission to convert his personal bankruptcy into a liquidation

By Dave Collins, Associated Press

That would lead to a sell-off of a large portion of the Infowars host's assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting.

Continue reading

Mar 18

Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies

By Wyatte Grantham-Philips, Associated Press

Following this process, Joann will likely become privately-owned by certain lenders and industry parties, the company added — meaning its shares would no longer be listed on stock exchanges.

Continue reading

Dec 21

Giuliani files for bankruptcy days after being ordered to pay $148 million in defamation case

By Michael R. Sisak, Larry Neumeister, Associated Press

Rudy Giuliani has filed for bankruptcy, days after being ordered to pay $148 million in a defamation lawsuit. The former New York City mayor listed nearly $153 million in existing or potential debts.

Continue reading

Dec 01

LISTEN: Supreme Court hears arguments on legality of Purdue Pharma bankruptcy plan

By Mark Sherman, Associated Press

The Supreme Court is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids.

Continue reading

Nov 03

Retired businessman becomes new president of the Boy Scouts of America as it emerges from scandal-driven bankruptcy

By Mark Thiessen, Associated Press

Roger Krone, a retired businessman and Eagle Scout, was named Friday as the new chief executive of the 113-year-old youth organization, replacing the retiring Roger Mosby as the top administrator.

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