Crafts retailer Joann files for bankruptcy after 81 years
Joann Inc. stores are set to stay open while the company looks to restructure financially, according to a company bankruptcy announcement Monday.
Ousted WeWork CEO Adam Neumann trying to buy company back
WeWork co-founder and former CEO Adam Neumann wants to buy the bankrupt co-working provider back through his new venture, claiming to have hedge fund backing.
Business bankruptcies surged 58% in 2023
The U.S. saw a significant 58% spike in business bankruptcies in 2023 with health care hardest hit, according to the latest Restructuring Insights report released by Debtwire.
Court orders China’s bankrupt Evergrande to liquidate
A judge in Hong Kong on Monday ordered the bankrupt China Evergrande Group to liquidate, saying the indebted real estate giant has failed to present a stable restructuring plan.
Electric buses are sitting unused in cities across the US; here's why
Many U.S. cities are grappling with broken-down electric transit vehicles that cannot be fixed, months after the largest E-bus manufacturer filed for bankruptcy.
NYC Mayor Eric Adams announces $2B medical debt bailout for up to 500K residents
New York City Mayor Eric Adams announced a plan to wipe out up to $2 billion in medical debt for hundreds of thousands of city residents during a press conference on Jan. 22, 2024.
Radio giant Audacy files for bankruptcy as advertising plummets
Radio giant Audacy says it has filed a Chapter 11 bankruptcy protection and reached an agreement with debt holders as the company battles slumping advertising revenue.
Electric scooter rental company Bird files for bankruptcy
E-scooter rental company Bird Global filed for Chapter 11 bankruptcy on Tuesday, two years after going public in a deal valued the startup at $2.3 billion.
FTX files reorganization plan to end bankruptcy
Cryptocurrency exchange FTX Trading Co. has filed an amended plan to end its bankruptcy and return funds to investors and customers.
SmileDirectClub ceases operations after restructuring effort fails
SmileDirectClub, which provided telehealth dentistry services centered on clear aligners for patients, halted its operations on Friday roughly three months after entering bankruptcy.
More student loan borrowers are filing for bankruptcy to offload debt
More Americans are discharging student loan debt in bankruptcy thanks to a rule change by the Biden administration last year that made the process easier.
Miss Universe judge reveals bankruptcy likely due to 'outrage' over transgender organizer
Days before the next Miss Universe pageant, former judge Emily Austin argues the transgender-led organizer behind the event went bankrupt because people found it "socially and morally" wrong.
Miss Universe's transgender owner 'couldn't be more of an oxymoron': Emily Austin
2022 Miss Universe judge Emily Austin argues the Miss Universe brand filed for bankruptcy due to failure 'socially.'
A possible winner from WeWork’s troubles? Adam Neumann
With WeWork in bankruptcy and his remaining shares near worthless, there is a potential for further financial gain for Adam Neumann worth hundreds of millions of dollars.
WeWork is bankrupt: What became of co-founder Adam Neumann?
WeWork co-founder Adam Neumann weighed in on the company's bankruptcy this week and he's been working on a new company called Flow that he founded last year.
WeWork co-founder Adam Neumann calls company's bankruptcy 'disappointing'
WeWork co-founder and former CEO Adam Neumann delivered his reaction to the office-sharing firm's bankruptcy filing, calling the move "disappointing."
WeWork files for bankruptcy: How the company tumbled after a valuation of $47B in 2019
WeWork has filed for bankruptcy, months after hinting it was teetering on the edge. FOX Business gives a timeline of the long-suffering office-sharing company's years of troubles.
FTX founder Sam Bankman-Fried’s biggest fear in jail revealed by author
A jury found FTX founder Sam Bankman-Fried guilty on all counts related to the last year's collapse of the cryptocurrency exchange, he faces potentially over 100 years in prison.
Rite Aid closing 154 stores in 15 states: Here's the list
Rite Aid is shuttering over 150 stores as it seeks to restructure its business following years of legal issues tied to the opioid crisis and sagging sales.
Rite Aid files for bankruptcy, appoints new leadership in financial restructuring initiative
Rite Aid filed for Chapter 11 bankruptcy and appointed Jeffrey Stein as its new CEO and CRO as part of a major financial restructuring effort.