Bankruptcy

Toys R Us has been sold yet again — the latest effort to revive the famous but struggling brand amid a boom in toy sales.

State regulators have barred the energy supplier after it charged customers big electricity-price increases during freeze.

Brazos Electric, which serves 16 distribution member co-ops that cater to more than 1.5 million Texans, said it had "no choice" but to file for bankruptcy after its collateral surged to $1.6B in four days following a wholesale energy price increase by ERCOT and the Public Utility Commission of Texas.

The Boy Scouts of America are offering cash, artwork and other assets to sex-abuse victims under a bankruptcy plan filed Monday, an opening gambit by the youth group to move past the failures to protect children that have threatened its standing in American society.

Steak 'n Shake Inc. sued lender Fortress Investment Group LLC after the burger chain paid off debt coming due to avoid bankruptcy, accusing Fortress of misusing confidential information to mount a takeover bid.

Real-estate brokerage Redfin Corp. has agreed to buy apartment search site operator RentPath Holdings Inc. out of bankruptcy for $608 million, in a deal that would combine operators of leading U.S. property listing websites for purchasing and renting a home.

China's Luckin Coffee has filed for bankruptcy protection.

A plea agreement suggested a sentence of up to 18 months in prison

The NRA claims that a restructuring plan is a "proven mechanism for streamlining legal and business affairs." 

Sycamore Partners will retain majority control of Belk, according to an agreement it reached with some of Belk’s creditors

The growing popularity of food delivery has been a problem for Cici’s, especially since the COVID-19 pandemic has forced many diners across the country to stay home.

The company also said it presumed it would continue to make progress in negotiations with theater landlords over lease payments.

The National Rifle Association has filed for bankruptcy, and plans to ditch what CEO Wayne LaPierre described as “the toxic political environment of New York” and move its headquarters to Texas.

J.C. Penney is closing even more stores in March of 2021. 

Ascena Retail Group Inc. has won court approval to sell its Ann Taylor, Lane Bryant, Loft and Lou & Grey retail brands out of bankruptcy to private-equity firm Sycamore Partners in a deal valued at about $1 billion.

In November, the U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement in which substantially all of J.C. Penney’s retail and operating assets would be acquired by its two largest landlords and its primary lenders.

Houston-based Francesca's said in November that it would close roughly 140 of its boutiques--which sell apparel, jewelry, accessories and gifts--by the end of January, leaving about 560 in operation.

The hike takes effect March 1 and is expected to boost the bills of PG&E's residential customers by an average of $13.44 a month

National discount department store chain Stein Mart filed for bankruptcy in August after 112 years in business.

November bankruptcy filings in the U.S. hit a 14-year low, driven by a decline in individuals filing for protection from creditors as they continue to enjoy the benefits of eviction moratoriums and other government assistance stemming from the coronavirus pandemic.