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Nov 19

David’s Bridal files for bankruptcy

By Associated Press

The bankruptcy filing will wipe out more than $400 million of the company's long-term debt.

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Oct 15

Watch 6:33
The fall of a retail icon: why Americans stopped shopping at Sears

The once formidable retail giant Sears files for bankruptcy protection. The company, which also owns Kmart, will continue to operate as executives try to reverse a downward spiral exacerbated by e-commerce. John Yang examines the company’s storied legacy and tumultuous…

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Oct 15

Sears files for Chapter 11 amid plunging sales and massive debt

By Anne D'Innocenzio, Associated Press

The question now is whether a smaller version of the company that once towered over the American retail landscape can remain viable or whether the iconic brand will be forced out of business.

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Jul 06

Illinois approves spending plan, ending nation’s longest budget stalemate

By John O'Connor and Sophia Tareen, Associated Press

The Illinois House voted to override Gov. Bruce Rauner's vetoes of a budget package, giving the state its first spending blueprint in more than two years and ending the nation's longest fiscal stalemate since at least the Great Depression.

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May 05

Watch
Can Puerto Rico climb back from bankruptcy and shrinking population?

By PBS News Hour

Puerto Rico essentially filed for bankruptcy this week in order to restructure more than $120 billion in debt and pension obligations. With the economy mired in a slump, the government is reducing public services, pensions are likely to be cut…

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Apr 13

Nation’s largest coal mining company files for bankruptcy protection

By Stephanie Joyce, Wyoming Public Radio and Leigh Paterson, Inside Energy

Peabody Energy, the country's largest coal company, filed for Chapter 11 bankruptcy protection Wednesday.

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Mar 26

Watch 2:59
Michigan lawmakers approve emergency aid for Detroit schools

By PBS News Hour

As Detroit schools slip toward bankruptcy, the Michigan state legislature approved almost $50 million in emergency aid to keep Detroit's public schools open through the end of this year. New York Times reporter Kate Zernike joins Megan Thompson to discuss.

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Jan 19

Here’s what Congress can do about Puerto Rico’s debt

By Mary Clare Jalonick, Associated Press

WASHINGTON — Puerto Rico's $72 billion public debt crisis has forced congressional leaders to pay attention to a U.S. territory that's usually on the sidelines of American politics.

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Oct 05

American Apparel files for bankruptcy

By Alexandra Sarabia

Los Angeles-based clothing manufacturer American Apparel filed for bankruptcy protection on Monday morning.

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Aug 22

Watch 9:49
Amid new austerity measures, Puerto Rico pushes to restructure debt

By PBS News Hour

As Puerto Rico continues to struggle under crippling debt, a push within the territory to amend U.S. bankruptcy laws to allow the commonwealth to restructure its debt is underway. Meanwhile, Puerto Ricans are searching for new areas of economic growth…

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