Tagged Chapter 11 bankruptcy

USA Gymnastics Files for Bankruptcy After Sex-Abuse Scandal

December 5, 2018

USA Gymnastics is turning to bankruptcy in an attempt to ensure its survival. The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday in an effort to reach settlements in the dozens of sex-abuse lawsuits it faces and to avoid its pote...

Photo of a Sears store slated for closing

Sears Files for Chapter 11 Amid Plunging Sales, Massive Debt

October 15, 2018

NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, with plans to shutter 142 unprofitable stores in the hopes that it can stay in business. "This is a company that in the 1950s stood like a ...

We've got issues, and we're willing to share

(but only if you want them in your inbox).