Brick-and-mortar retailers felt the pain at exaggerated levels due to the pandemic, according to the bi-annual BDO Bankruptcy Update. Government-mandated store closures, social distancing requirements...
Bankruptcy filings are surging in New York City with almost 6,000 closures, representing a 40 percent increase, according to Bloomberg, and it’s forecasted to keep...
An EY whistleblower has alleged the global accounting firm was warned as far back as 2016 that senior managers at Wirecard may have committed fraud...
Neiman Marcus Holding Company Inc. has completed its Chapter 11 bankruptcy protection process and emerged from one of the highest-profile retail collapses since COVID-19 began,...
By the numbers, Main Street merchants are feeling a little bit better these days than they were six months ago when the pandemic began, according...
J.Crew Group has finished its financial reorganization and emerged from Chapter 11 set for expansion over the long haul, according to a statement from the company....
Off-price retailer Century 21 Stores announced on Thursday (Sept. 10) that it voluntarily filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for...
U.S. mall owners Simon Property Group and Brookfield Property Partners are in talks to bail out the bankrupt JCPenney, CNBC reported. The deal could be...