A flood of business bankruptcies likely in coming months
The billions of dollars in coronavirus relief targeted at small businesses may not prevent some of them from ending up in bankruptcy court.
Regulators boost PG&E’s wildfire fine to $2.1 billion
The increased punishment includes a $200 million payment earmarked for the people who lost family and property in catastrophic wildfires caused by PG&E's outdated electrical grid and negligence during 2017 and 2018.
Drugmaker Mallinckrodt reaches $1.6 billion opioid settlement
The English company was one of the highest-volume opioid producers in the U.S. and is seeking bankruptcy protection as part of the deal.
Boy Scouts’ bankruptcy could result in compensation for more abuse survivors
The Scouts’ initial bankruptcy documents state that 275 lawsuits are pending in state and federal courts across the country, and that attorneys for survivors estimate another 1,400 claims will be filed.
McClatchy Co.'s 30 newsrooms, including The Charlotte Observer, The News & Observer in Raleigh, and The Star-Telegram in Fort Worth, will continue to operate as usual as the publisher reorganizes under Chapter 11 bankruptcy protection.
California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation.
The Massachusetts senator on Tuesday unveiled a plan she said would make the process of declaring bankruptcy easier and cheaper for many Americans with debts they can’t pay. It also would largely undo a 2005 law that was backed by…
Former Murray Energy CEO Robert Murray said the move was necessary to access liquidity and best position the company for long-term success.
Three advantages physical stores still have over their online-only rivals.
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