Bankruptcy news and trends

Saks Seeks Bankruptcy Protection and Names New CEO
Retail // January 14, 2026

Luxury retail company Saks Global has declared bankruptcy amid mounting debts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Why SMBs Can’t Afford Cash Flow Blind Spots as Bankruptcies Hit 15-Year High
SMBs // January 12, 2026

When small- to medium-sized businesses (SMBs) fail, the postmortem can often fixate on a single cause. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Saks Global Weighs Competing Bankruptcy Financing Offers
Retail // January 09, 2026

Saks Global is reportedly weighing two competing offers of bankruptcy financing packages as it prepares to file for bankruptcy. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

JCPenney Private Equity Deal Leaves 117 Stores in Limbo
Retail // December 30, 2025

Earlier this year, private equity firm Onyx Partners announced plans to buy 117 JCPenney stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Interviews & Exclusives
CFPB Moves to Keep Synapse Case Alive for Consumer Relief

June 23, 2025
Reports of the Consumer Financial Protection Bureau’s death have been exaggerated. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS […]

Frozen Funds Still Unresolved as Synapse Bankruptcy Nears Conclusion

April 14, 2025
The protracted Synapse Financial Technologies bankruptcy is nearing its final stages with a whimper rather than a bang. Late last week (April 10) Trustee Jelena McWilliams filed a status report...

Big Lots Exec Says Mobile and Digital Become On-Ramp for Bankruptcy Exit

December 16, 2024
Big Lots’ Chapter 11 bankruptcy filing and upcoming acquisition by Nexus Capital Management revealed the deep-rooted issues in the company’s business model, particularly its struggle to adapt to the digital age. Get...

Thredd CEO Counts on Regulators to Address Vulnerabilities of Banking as a Service

June 21, 2024
The relationships between FinTechs, banks and neobanks has been placed under a harsh spotlight with the recent revelations around the Synapse bankruptcy. Get the Full Story Complete the form to...

Quick Reads
Amazon Blasts Saks, Objects to Bankruptcy

January 15, 2026
Amazon is reportedly challenging luxury retailer Saks Global’s bankruptcy filing. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and […]

Saks Seeks Bankruptcy Protection and Names New CEO

January 14, 2026
Luxury retail company Saks Global has declared bankruptcy amid mounting debts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Saks Global Weighs Competing Bankruptcy Financing Offers

January 09, 2026
Saks Global is reportedly weighing two competing offers of bankruptcy financing packages as it prepares to file for bankruptcy. Get the Full Story Complete the form to unlock this article...

JCPenney Private Equity Deal Leaves 117 Stores in Limbo

December 30, 2025
Earlier this year, private equity firm Onyx Partners announced plans to buy 117 JCPenney stores. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...