Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it...
Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for Chapter 11 bankruptcy protection in the U.S., according to a company statement posted on Twitter. Bankman-Fried has also...
Chapter 11 is a legal process that involves reorganization of a debtor’s debts and assets. It is available to individuals, partnerships, corporations
Red Lobster, the nationwide restaurant chain known for its affordable seafood and cheddar bay biscuits, said late Sunday that it filed for Chapter 11 bankruptcy protection. In a statement...
Chapter 11 is a type of bankruptcy generally filed by businesses and involves a reorganization of their assets and debts under court supervision.
The XFL filed for Chapter 11 bankruptcy on Monday, three days after suspending operations because of the coronavirus pandemic.
Bankruptcy is a high-stakes game for creditors and debtors. Understanding the process steps of a Chapter 11 reorganization is critical for related parties looking to protect their interests.
There are two main types of business bankruptcies in the U.S.: Chapter 7, or “liquidation bankruptcy,” and Chapter 11, or “rehabilitation bankruptcy.”
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it... voluntary Chapter 11 process. But that process also will allow it to speed up its plan to close...
Background A case filed under chapter 11 of the United States Bankruptcy Code is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains “in possession,” has the powers...