If a company files for Chapter 7 bankruptcy, that means it's heading for liquidation, in which assets are sold off to pay creditors.

Recent bankruptcy filings by local businesses shed light on the financial challenges facing Orlando's hospitality and ...

Ascend Performance Materials, the world's largest fully integrated nylon 6/6 producer, has filed for Chapter 11 bankruptcy ...

Spirit is still trying to chart out a path to profitability after it was cleared to exit Chapter 11 bankruptcy in February.

TCU star Hailey Van Lith has been selected No. 11 by the Chicago Sky and here is what they're getting. Owen Ray was one of ...

Publishers Clearing House, a decades-old marketing and sweepstakes company known for doling out large “Prize Patrol” checks, has filed for Chapter 11 bankruptcy protection. In an announcement ...

Publishers Clearing House, the company known for its sweepstakes and massive check giveaways, filed for Chapter 11 bankruptcy Wednesday. The company said the filing will reorganize its capital ...

A debtor that files for Chapter 11 is referred to as a “debtor in possession.” Bankruptcy Code section 1107 empowers a debtor with the rights and powers of a trustee. A debtor in possession ...

PROVIDENCE, R.I. (WPRI) — Tallulah’s Taqueria, a Providence-based Tex-Mex restaurant, has filed for Chapter 11 bankruptcy protection, 12 News has learned. Kelly Ann and Jacob Rojas ...

Kenosha-based Vantage Point Corp. has filed a voluntary petition for Chapter 11 bankruptcy. A Chapter 11 bankruptcy allows a company to stay in business and restructure its finances and operations.

The growing expenses and unsuccessful attempt to raise more equity ultimately led the parent company of TimberHP, GO Lab Inc., to file for Chapter 11 bankruptcy protection March 25. Savage is ...