Bankruptcy

The federal Bankruptcy Code of 1978, the basis of modern bankruptcy law, reflects the Supreme Court's 1934 ruling that bankruptcy law was designed to offer a new opportunity in life' unhampered by debt.

Neiman Marcus Group Inc. filed for chapter 11 bankruptcy protection on Thursday in Texas, becoming the latest large retailer to seek a court restructuring during the pandemic that has closed much of the U.S. economy. Earlier this week, J.Crew Group Inc. filed for bankruptcy.

Coronavirus-related closures prompted Gold's Gym to file for bankruptcy protection and boost digital streaming footprint.

Car-rental ridership is plunging amid the Covid-19 pandemic and the broad economic pullback, touching off a cash burn at Hertz

The coronavirus pandemic that upended the economy is also expected to send unprecedented numbers of people and businesses to bankruptcy court.

Chesapeake Energy Corp is preparing for the possibility of bankruptcy after the Saudi-Russian energy price war earlier this year upended its plans and the wider crude market. It was dealt another blow by the coronavirus outbreak, which caused energy demand to dwindle.

Hertz failed to make payments Monday under the operating lease, kicking off a grace period that ends on May 4.

The company is preparing to seek bankruptcy protection in a Dallas federal court as soon as Monday

Lord & Taylor is not alone among U.S. department store operators forced to weigh bankruptcy in response to prolonged store closures following the coronavirus outbreak.

The coronavirus pandemic forced it to temporarily shut all 43 of its Neiman Marcus locations and furlough many of its roughly 14,000 employees.

The shuttered league aims to sell its name, trademarks and other intellectual property.

AMC Theaters announced its current cash balance was enough to withstand the shutdown of global operations until July.

The company’s struggles were compounded in recent days after the coronavirus pandemic forced the closure of 850 J.C. Penney stores.

The owner of the New York Sports Club chain is reportedly weighing a Chapter 11 bankruptcy filing, as 95 percent of the company's gyms across the country remain closed to curb the spread of coronavirus, according to a report by Bloomberg Law.

The movie chain’s stock has dropped 60 percent in the last three months.

Dean Foods Co. got the go-ahead to sell $433 million worth of properties and interests to the Dairy Farmers of America.

As medical centers across the U.S. prepare for an influx of hundreds of thousands of new patients, President Trump is expected to use a federal stimulus package to pay hospitals that treat uninsured people infected with the new coronavirus.

California power regulators are weighing a recommendation to back off plans to fine Pacific Gas and Electric an additional $462 million over a series of deadly Northern California wildfires rather than risk that the harsher punishment might scuttle the utility's plan to get out of bankruptcy.

Sources tell Reuters that  Cirque du Soleil Entertainment Group is exploring debt restructuring options that include a potential bankruptcy filing, after it was forced to cancel shows because of the coronavirus outbreak