ANALYSIS: Chapter 11 Megacases Start the Year Strong - Bloomberg Law News
WEBMay 9, 2024 · 2024 is shaping up to be yet another busy year for Chapter 11 bankruptcy megacases. The data on megacase filings reflects how the current economy has been challenging for certain businesses, yet also rewarding for …
ANALYSIS: Six Trends in the Latest Chapter 11 Wave - Bloomberg Law News
WEBJun 26, 2023 · The long-anticipated bankruptcy tidal wave is finally hitting. A look at Chapter 11 bankruptcy cases that have been filed since the beginning of year shows six trends that make this latest wave unique.
Iconic Tupperware Brands seeks Chapter 11 bankruptcy - AP News
WEB1 day ago · NEW YORK (AP) — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Orlando, Florida-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just ...
Chapter 11 Bankruptcy: What You Need To Know - Forbes
WEBFeb 18, 2022 · Chapter 11 stops creditor collection efforts, facilitates negotiations to settle debts and can even allow a business to get new financing on better terms. The goal is to keep your business...
Tupperware files for bankruptcy | CNN Business
WEB2 days ago · Many businesses file for bankruptcy protection to wind down some operations, shed debt and cut costs. Chapter 11 bankruptcy is a common route. Tupperware shares have plummeted 74.5% this year and ...
WeWork cleared to exit bankruptcy and slash $4 billion in debt
WEBMay 30, 2024 · A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company's equity over...
BurgerFi files for Chapter 11 bankruptcy | CNN Business
WEBSep 11, 2024 · New York CNN —. Fast casual chain BurgerFi filed for Chapter 11 bankruptcy Wednesday after months of reporting financial distress. BurgerFi is another casualty of the rough business conditions ...
Repeat Chapter 11 Filers Dominate 2023 Bankruptcy Landscape
WEBJan 10, 2024 · Struggling companies seeking bankruptcy turned 2023 into one of the biggest years for repeat Chapter 11 filers, suggesting many didn’t make the necessary cuts or business changes to successfully revive themselves the first time around.
Red Lobster exits Chapter 11 bankruptcy protection | AP News
WEB3 days ago · Updated 10:59 AM PDT, September 16, 2024. Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan earlier this month, which included a lender group led by asset …
WeWork, once valued at $47 billion, files for bankruptcy
WEBNov 7, 2023 · Office-sharing company WeWork filed for Chapter 11 bankruptcy protection in New Jersey federal court Monday, saying that it had entered into agreements with the vast majority of its secured...