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Chapter 11 bankruptcy

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WeWork offices in San Francisco

Nation Nov 07

WeWork files for bankruptcy in stunning turn for company once valued at nearly $50 billion

By Wyatte Grantham-Philips, Associated Press

Economy Oct 16

A Rite Aid store is shown in Los Angeles, California
Rite Aid files for bankruptcy amid financial losses, opioid-related lawsuits

The drugstore chain said late Sunday it also has obtained $3.45 billion in fresh financing from some of its lenders. That will help support the company through its voluntary Chapter 11 process.

By Tom Murphy, Elaine Kurtenbach, Associated Press

Nation Apr 04

Billionaire entrepreneur Richard Branson prepares to spray champagne at Spaceport America
Richard Branson’s Virgin Orbit files for Chapter 11 bankruptcy

Richard Branson's Virgin Orbit is filing for Chapter 11 bankruptcy protection after a failed mission this year and increasing difficulty in raising funding for future missions.

By Michelle Chapman, Associated Press

Economy May 15

Pandemic claims yet another retailer: J.C. Penney

The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.

By Anne D'Innocenzio, Associated Press

Economy May 07

Neiman Marcus becomes second major retailer to seek Chapter 11

Neiman Marcus, the 112-year-old storied luxury department store chain, is seeking Chapter 11 bankruptcy protection.

By Anne D'Innocenzio, Associated Press

Dec 13

Boy Scouts exploring ‘all options’ to address fiscal woes

By David Crary, Associated Press

The Boy Scouts of America is declining to confirm or deny a report that it may seek bankruptcy protection in the face of declining membership and sex-abuse litigation.

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