Bankruptcy

Tyson Foods announced that it will close four more chicken plants in the U.S. to cut costs. The company did not say how many employees would be affected.

Yellow Corp.'s expected bankruptcy was decades in the making, says FreightWaves' Craig Fuller, who argues Teamsters were "dragging" the "precarious" situation.

Yellow Corp, one of the largest trucking companies in the U.S., is on the brink of collapse with bankruptcy expected any day. Here's what to know about what led to its downfall.

It has been 10 years since Kevyn Orr helped the city of Detroit, Michigan, file for bankruptcy. Now the city boasts a balanced budget and improved services.

Bed Bath & Beyond's Buy Buy Baby stores are closing for good after debtors failed to secure a better offer for the retailer. It is part of the retailer's bankruptcy liquidation process.

The Margaritaville Resort Times Square Hotel in New York City has recently found itself in the center of a legal dispute. The LLC with 100% membership interest in it filed for bankruptcy.

Bitcoin could reach $50,000 this year and $120,000 by the end of 2024 as crypto miners begin stockpiling the digital asset, according to Standard Chartered.

Tom Brady invested $30 million into the since-collapsed and now worthless cryptocurrency exchange FTX, according to a new report. His ex-wife lost $18 million.

Bankruptcies filings for individuals and businesses in the U.S. jumped markedly in the first six months of 2023 compared to the year before as debt levels surge.

Christmas Tree Shops is slated to soon hold 'going out of business sales' at its remaining locations, a recent court filing said. They could potentially kick off Thursday at the earliest.

Major retailers are buying Bed Bath & Beyond leases as the beleaguered retailer winds down operations after filing for bankruptcy protection in April.

Ohio-based electric pickup truck maker Lordstown Motors filed for Chapter 11 on Tuesday and is taking legal action against Taiwanese manufacturer Foxconn.

Overstock.com's auction win includes Bed Bath & Beyond's intellectual property and mobile platform, though the home good's retailer's stores are not part of the purchase.

Silicon Valley Bank customers in Asia having their deposits seized by the Federal Deposit Insurance Corp. and remain indebted to First Citizens Bank for loans.

The billionaire owners of bankrupt OxyContin maker Purdue Pharma have been granted liability protection against lawsuits seeking damages over the opioid crisis.

Bankrupt cryptocurrency lender BlockFi plans to liquidate its lending platform after concluding that selling the business to a new owner wouldn’t generate enough value for creditors.

The cryptocurrency exchange Binance.US has canceled a deal to purchase the bankrupt crypto exchange Voyager Digital for $1.3 billion.