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Latest Stories

It's a Wrap: Spirit Airlines Prepares Shutdown After Government Bailout Fails
Life

Spirit Airlines Prepares for Possible Shutdown as $500M Rescue Talks Stall

What stalled $500M rescue talks could mean for low-cost fares, travelers, and thousands of workers if the airline can’t secure new funding.

Spirit Airlines Close to Securing $500M Hail Mary Bailout
Life

Spirit Airlines Nears $500M Government Lifeline as Liquidation Looms

A rare single-airline bailout could give Washington a stake in Spirit — and help decide whether fares, jobs, and routes across the U.S. get shaken up next.

Hardee's Reopens 77 Locations Previously Shuttered by Chapter 7 Bankruptcy
Life

Hardee’s Starts Reopening Dozens of Locations After Franchise Collapse

Inside the fast-food takeover turning a franchise collapse into a corporate comeback, and what it means for workers and your local Hardee’s.

Spirit Airlines Reportedly Reached Out to the Government for Emergency Bailout
Life

Spirit Airlines Scrambles for Government Lifeline as Liquidation Looms

From blocked JetBlue merger to engine recalls and soaring jet fuel, how years of setbacks left Spirit one bad week from collapse.

No More Cheap Flights: Spirit Airlines Could Liquidate As Early As This Week
Life

Spirit Airlines Could Face Liquidation as Soon as This Week

Cheap fares, layoffs, and a second bankruptcy have left Spirit Airlines facing rising costs, failed merger attempts, and growing competition.

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Red Lobster is Bringing Back a Controversial Dish That Reportedly Contributed to its Bankruptcy
Life

Red Lobster Might Bring Back ‘Endless Shrimp’ After It Led to Millions in Losses

The all-you-can-eat shrimp deal that led to millions in losses may be back on the menu.

Carl's Jr. Franchisee Files for Bankruptcy, Closing 65 Locations
Life

65 Carl’s Jr. Locations at Risk After Major Franchisee Files for Chapter 11

Inside the fast-food shakeup putting one of California’s largest Carl’s Jr. franchisees, Friendly Franchisees Corporation, at risk as restructuring begins.

'RHOA' Star Pinky Cole Hayes Wins Back Atlanta Home Amid Chapter 11 Filing
Pop Culture

Inside Pinky Cole Hayes’ Court Win to Reclaim Her Atlanta Home

How the ‘RHOA’ newcomer and Slutty Vegan founder used Chapter 11 protections to beat a property seizure and keep crucial rental income flowing.

Applebee's Future Uncertain as 57 Stores Close Amid Chapter 11 Filing
Life

Applebee's Franchisee Bankruptcy Puts Over 50 Southern Locations at Risk

Inside the Chapter 11 filing shaking Applebee’s in Florida, Georgia, and Alabama—and what it means for your local neighborhood grill.

Danielle Olivera, Kory Keefer, Alex Propson, Amanda Batula, Brian Benni, Kyle Cook, Jordan Emanuel, Casey Craig, Katie Flood, Sam Feher, Jason Cameron, Tom Schwartz
Pop Culture

Kyle Cooke Says Loverboy Is on the Brink of Bankruptcy

'That's one of the reasons I started DJing, to pay the bills,' the 'Summer House' star revealed.

Holly Riordan39 days ago
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'RHOA' Star Pinky Cole Says She Was Locked Out of Her Atlanta Mansion by Creditors
Pop Culture

‘RHOA’ Star Pinky Cole Claims Creditor Locked Her Out of Atlanta Home Amid Bankruptcy

The Slutty Vegan founder says a management company ignored her Chapter 11 protections, changed the locks, and cut off a key income stream.

Popeyes Franchisee Declares Bankruptcy, Shuttering Nearly All Restaurants in the South
Pop Culture

Popeyes Franchisee Files Chapter 11 With $130M Debt After Closing 20 Locations

How inflation, rising costs, and declining traffic impacted one of Popeyes’ largest Southern operators and what comes next for its remaining stores.

Embattled Turkey Leg Hut Owner Hints at Comeback
Pop Culture

Turkey Leg Hut Owner Teases ‘Rebirth’ After Bankruptcy and Legal Troubles

From arson allegations and federal charges to a possible relaunch, here’s how the once-iconic Houston hotspot could rise again.

Judge Rules Against Shilo Sanders in Bankruptcy Case
Sports

Judge Denies Shilo Sanders’ Bid to Dismiss Bankruptcy Lawsuit

Judge allows $250K NIL dispute tied to Shilo Sanders’ bankruptcy case to move forward as his $11M debt fight continues.

Pinky Cole with short blonde hair and a black leather jacket smiles in front of a Forbes backdrop.
Life

‘Slutty Vegan’ Founder Aisha ‘Pinky’ Cole Files for Bankruptcy Protection

The plant-based eatery began as a 2018 food truck and eventually scaled to 14 locations, with several closures in recent years.

Alex Ocho63 days ago
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General view of the storefront at Walk In Style For The Animals at 10022 - Shoe at Saks Fifth Avenue Bal Harbour on November 15, 2017 in Bal Harbour, Florida.
Pop Culture

Amazon Calls $475M Saks Investment ‘Worthless’ in Bankruptcy Fight

In court filings, Amazon argues its $475 million investment in Saks has been rendered worthless amid the retailer’s bankruptcy case.

Saks Fifth Avenue Files for Bankruptcy Following Neiman Marcus Acquisition
Life

Saks Global Files for Bankruptcy Following Neiman Marcus Acquisition

Former Neiman Marcus CEO leads restructuring as Saks seeks stability in a tough retail climate.

Shilo Sanders' Attorney Blasts Bankruptcy Trustee, Says Earnings Aren't Payable 'Under Any Theory'
Sports

Shilo Sanders' Attorney Blasts Bankruptcy Trustee, Says Earnings Aren't Payable 'Under Any Theory'

'All of the funds paid into, and subsequently out of Big 21 post-petition were post-petition earnings of the Debtor,' Sanders' attorney said.

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