Jonathan Randles

A new proposal to prevent Big Lots Inc. from shutting all its stores is at risk following complaints from some creditors that stand to incur losses in the troubled retailer’s bankruptcy.

(Bloomberg) -- A new proposal to prevent Big Lots Inc. from shutting all its stores is at risk following complaints from some creditors that stand to incur losses in the troubled retailer's bankruptcy.

Bankrupt retailer Big Lots Inc. won court approval of a rescue deal to save some of its stores from shutting-down despite challenges from vendors that claimed the deal unfairly saddles them with steep losses.

TGI Friday’s Inc. has struck a deal to sell its outlets in the Dallas Fort Worth International Airport and a handful of other corporate-owned locations in Maryland to restaurant operator Mera Corp. for $34.5 million.

Morgan Stanley claims it wasn’t paid most of a $12 million fee for advising now-bankrupt electric-vehicle technology firm Ideanomics Inc. on its acquisition of VIA Motors years earlier.

Party City salió de la quiebra en octubre de 2023, liberada de una deuda de US$1.000 millones y con “una excelente base para impulsar el crecimiento a largo plazo”, dijo el entonces director ejecutivo, Brad Weston. Solo catorce meses después, volvió a quebrar.

Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical Properties Trust Inc.

Crafts and fabric retailer Joann Inc. has filed bankruptcy for the second time in less than a year, as its sales continue to decline.

Crafts and fabric retailer Joann Inc. has filed bankruptcy for the second time in less than a year, as its sales continue to decline.

Crafts and fabric retailer Joann Inc. filed bankruptcy protection for the second time in less than a year, as its sales continue to decline.