U.S. bankruptcy court approves sale of J.C. Penney
A U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders.
Weinstein seeks to pursue arbitration over firing
The Weinstein Co. sought bankruptcy protection in 2018 amid a sexual misconduct scandal that triggered a nationwide movement to address predatory sexual behavior and harassment. A New York jury convicted Weinstein in February of rape and sexual assault.
Analysis: Cities hit hard by the COVID-19 pandemic face bankruptcy
With sales tax revenues plummeting because of the pandemic, many cities will face bankruptcy – and that could affect everything from retirees' pensions to whether roads get fixed.
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.
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a $200 million payment earmarked for the people who lost family and property in catastrophic wildfires caused by PG&E's outdated electrical grid and negligence during 2017 and 2018.
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.
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.
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