Steven Church

Mattress-maker Sleep Number Corp. filed bankruptcy with an agreement to sell the firm to one-time retail partner Sleep Country Canada Inc. after years of weak demand, mounting financial pressure and unpredictable tariffs.

The mattress maker filed for Chapter 11 protection from creditors in order to hold an auction, at which Sleep Country would be the so- called stalking horse bidder.

The decision is an early victory for Bank of America in its lawsuit against Aequum. The two lenders each claim collateral rights over car parts built by First Brands.

Camp Mystic, the Texas girls camp where 28 people were killed in flash floods last summer, will use its bankruptcy case to resolve wrongful death claims filed against the family-owned company.

Central Falls Detention Facility Corp., which houses federal detainees including people arrested by the US Immigration and Customs Enforcement agency, filed for bankruptcy saying it cannot afford to keep paying on more than $167 million in bond debt.

The Dolphin Company’s pitch of social responsibility, respect and ecological conscience got tarnished last year following the death of several dolphins in some of its aquatic theme parks. The former chief executive officer is now facing accusations that he threatened an opposing lawyer and withheld information that could have prevented a dolphin’s death.

But creditors are growing frustrated Key Takeaways: [Stay on top of transportation news: Get TTNews in your inbox .]

The pitch to creditors of bankrupt First Brands goes like this: Stick with us just a while longer, and you'll get a full recovery as we claw back $2

(Bloomberg) -- The remnants of Charlie Ergen's soured $46 billion bet on 5G can be found on the roof of a church in suburban Boston, atop a university

A federal judge rejected the bankruptcy-payout plan of defunct auto-parts maker First Brands, concluding the proposal to raise money by suing a long list of insiders and business partners was not realistic.