Business ❯ Finance ❯ Bankruptcy

Restructuring

Debt Management Corporate Strategy Sale of Assets Layoffs Leadership Debt reduction Diamond Sports Group Legal Settlements Carriage Agreements Seafood Chain

Lycra Files Prepackaged Chapter 11 to Slash $1.2 Billion Debt

The prepackaged plan carries near-unanimous creditor backing, targeting a swift 45-day exit.

Saks Global Unlocks Final $300 Million in Pre‑Emergence Financing After Bondholder Approval

Saks Global to Close 15 More Stores to Streamline Luxury Footprint

Hawthorne Race Course Files for Chapter 11 as Illinois Racing Crisis Deepens

Nearly 300 Store Closures Set for 2026 as Retail Footprints Shrink

Grand Slam Track Filings Detail Debts to Star Athletes as World Athletics Questions Return

Spirit Faces Saturday Cash Test as U.S. Rivals Prepare Rescue Fares

Judge Tightens Oversight in Vicentin Cramdown as Two Bids Vie for Control

Claire’s Launches Formal Sale Review of UK Arm as US Parent Mulls Bankruptcy

Wolfspeed Files for Chapter 11 After Prepackaged Creditor Deal

Spirit Airlines Exits Bankruptcy, Pursues Standalone Revamp

Technicolor Shuts Down UK Operations Amid Global Financial Struggles

Hooters Explores Bankruptcy Amid Declining Revenue and $300M Debt

Prospect Medical Holdings Files for Bankruptcy After Years of Financial Strain

Bally Sports Bankruptcy Threatens MLB Broadcast Deals

LL Flooring to Close All 442 Stores Following Bankruptcy

Comcast and Bally Sports Reach Deal to End Blackout

WeWork Exits Bankruptcy, Slashes $4 Billion in Debt

Red Lobster Shutters Over 80 Locations Amid Financial Struggles

Fisker Halts Production Amid Financial Crisis, Seeks $150M in Funding