Bankruptcy

After years of plunging sales and declining store traffic, Sears filed for Chapter 11 bankruptcy last October.

Kathryn Carson, chair of USA Gymnastics’ board of governors, said the filing will help the governing body resolve the pending lawsuits.

Sears filed for Chapter 11 bankruptcy last October and said it would close 142 unprofitable stores as part of the restructuring process.

David’s Bridal operates more than 300 stores, all of which will remain open during bankruptcy proceedings.

Unsecured lenders have little faith in Sears’ plan to keep its doors open.

The loan will be in addition to the $300 million loan offered by Sears’ banks

Sears is considering restructuring under bankruptcy protection, according to Reuters.

Mattress Firm, which has about 3,000 stores in the U.S., is one of many domestic retailers who have struggled to grow sales and maintain store traffic.

The bank’s 2008 collapse after more than a century in business had a catastrophic impact on the U.S. economy.

Ten years after the collapse of the global financial services company, what happened to its key executives?

Bidding for the decades-old candy maker is set to begin at $15 million.