bankruptcy

Experts: Restaurant Industry Could See Another Round Of Bankruptcies

Experts: Restaurant Industry Could See Another Round Of Bankruptcies
Experts: Restaurant Industry Could See Another Round Of Bankruptcies
August 25, 2020  |  Economy

As the approaching colder months are set to make outdoor dining less feasible, and government money dries up, experts are predicting another cycle of restaurant...

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Mall Of America Avoids Foreclosure
Mall Of America Avoids Foreclosure
August 21, 2020  |  Retail

The bad news continues to pile up for the mall sector. With real estate investment trust CBL Properties reportedly preparing to file for bankruptcy earlier...

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Bankruptcy-Bound Firms Grant Hefty Exec Bonuses
Bankruptcy-Bound Firms Grant Hefty Exec Bonuses
August 20, 2020  |  Business

Before declaring bankruptcies, several big U.S. companies are awarding large bonuses to their top executives, according to a Financial Times report. Get the Full Story Complete...

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Mall Owner CBL Properties To File $1.5B Pre-Packaged Chapter 11 Bankruptcy
Mall Owner CBL Properties To File $1.5B Pre-Packaged Chapter 11 Bankruptcy
August 20, 2020  |  Retail

Struggling mall owner CBL Properties intends to file a pre-packaged Chapter 11 bankruptcy to eliminate some $1.5 billion of debt under a plan the company...

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Pizza Hut To Shutter Up To 300 Locations
Pizza Hut To Shutter Up To 300 Locations
August 17, 2020  |  Economy

NPC International, the largest Pizza Hut and Wendy’s franchisee in the U.S., plans to close as many as 300 Pizza Hut restaurants after a deal...

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Off-Price Retailer Stein Mart Files For Chapter 11
Off-Price Retailer Stein Mart Files For Chapter 11
August 13, 2020  |  Retail

Off-price specialty retailer Stein Mart, Inc. filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Middle District of Florida, Jacksonville Division...

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Sur La Table Sold For $90M Post-Bankruptcy
Sur La Table Sold For $90M Post-Bankruptcy
August 10, 2020  |  Partnerships

Sur La Table Inc., the Seattle kitchenware products company that filed for bankruptcy protection last month, has sold for nearly $90 million, Bloomberg News reported. Get the Full...

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Retailers Using Chapter 11 To Break Lease Agreements
Retailers Using Chapter 11 To Break Lease Agreements
August 07, 2020  |  Retail

Companies that have filed for Chapter 11 bankruptcy are using the court protection to end long-term lease agreements early and close thousands of stores, reported...

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