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