Finance ❯ Bankruptcy

Corporate Restructuring

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TravelAI Relaunches Sonder.com After Court-Approved Purchase of Brand Assets

The deal turns the defunct hotel operator’s name into an AI-driven curator that will not run properties or hire former staff.

Phoenix Pride Files for Chapter 11 Bankruptcy

Red Lobster to Close Its Oldest Restaurant in Tallahassee on May 24

Spirit Workers File Class Action Over Sudden Shutdown, Citing WARN Act Violations

Carl’s Jr. Franchisee With 65 California Stores Files for Chapter 11

Saks Global to Close 12 Saks Fifth Avenue and 3 Neiman Marcus Stores by May

Life EV Closes Rad Power Bikes Deal, Plans U.S. Assembly and Workforce Rebuild

Orbex Files Notice to Appoint Administrators After Funding Efforts Fail

Judge Approves Bankruptcy Deal for L.A.’s ‘Graffiti Towers,’ Clearing Path to Possible Sale

JCPenney Real Estate Sale Misses Closing as Trust Sets Dec. 26 Deadline

CVS’s Omnicare Seeks Chapter 11 Protection After $949 Million False-Claims Judgment

At Home to Shutter 29 Stores by Sept. 30 as Bankruptcy Restructuring Advances

Ssense Files for Creditor Protection to Block Lender-Led Sale

Red Lobster Revives Crabfest With Seafood Boils and Specialty Cocktails

Wolfspeed Files for Chapter 11 After Prepackaged Creditor Deal

Wojcicki’s Nonprofit Tops Regeneron With $305M Bid for 23andMe

Silver Airways Shuts Down After Failed Chapter 11 Restructuring

Silver Airways Halts Operations After Holding Company Declines to Continue Service

Rite Aid Moves Closer to Restructuring with 95 More Store Closures and Pharmacy Asset Sales