Florida Trust Fund Firm Loses Over $100 Million Intended for Disabled Children, Leaving Hundreds of Families Devastated

A Florida special needs non-profit went bankrupt, losing hundreds of families' trust fund worth more than $100 million intended for their disabled children.

Fisker’s Stock Plunges Over 40% After EV Maker Reportedly Explores Bankruptcy

Fisker's stock fell over 40% in after-hours trading on Wednesday, raising investor concerns about the EV company's future...

2 Sundance Film Festival Theaters in Utah Are at Risk of Closure After Their Owner Declared Bankruptcy

The future of two prominent venues of the Sundance Film Festival in Utah hangs in the balance as their owner, Metropolitan Theaters Corporation, filed for Chapter 11 bankruptcy...

The Body Shop Ceases US Operations, Plans to Close Dozens of Stores in UK and Canada Amid Deepening Financial Woes

The Body Shop has ceased operations in the US and is closing dozens of stores in Canada and the UK amid deepening financial troubles...

Latest News

American Apparel filed for bankruptcy protection; restructures $300M debt
Los Angeles-based American Apparel filed for bankruptcy protection. The clothing company agreed to restructure its finances after negative controversies and slump of sales.
KKR's Samson Resources to File for Bankruptcy
KKR is about to lose its cash investment in Samson Resources worth $4.1 billion from its $7.2 billion buyout four years ago. The unexpected and prolonged downward move of oil and gas pushed Samson to
Giant coal company Alpha Naturals seeks bankruptcy court protection
The U.S. coal industry is hit by another major blow as Alpha Natural Resources Inc. will file for Chapter 11 bankruptcy court protection on Monday.
Japan's Skymark submits bankruptcy plan despite creditor opposition
Japan's failed budget carrier Skymark Airlines Inc (SKALF.PK) submitted a restructuring plan for court approval on Friday despite opposition from the two main creditors owed about two-thirds of its ro
RadioShack rescue deal dogged by fights, demands for new auction
RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale.
Atlantic City turnaround team bets on cuts not bankruptcy
A turnaround team tasked with reviving Atlantic City says New Jersey's struggling gambling hub must consider cost cuts, layoffs and longer bond maturities, but bankruptcy is not in the cards - yet.
San Bernardino has defaulted on $10 million in bond payments
The southern California city of San Bernardino has defaulted on nearly $10 million in payments on its privately placed pension bond debt since it declared bankruptcy in 2012, according to documents se
Puerto Rico bankruptcy bill to get House hearing: sources
A long-shot bill to give Puerto Rico's ailing public agencies a chance to restructure their massive debts under the section of U.S. bankruptcy law used by cities such as Detroit and Stockton, Californ
Puerto Rico set for tougher debt struggle after court ruling
Hopes of an orderly resolution to Puerto Rico's debt crisis suffered a heavy blow after a court voided the island's restructuring law, raising fears it may be heading for a longer, messier debt overha
RadioShack files for bankruptcy; Sprint to take over some stores
Electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, it
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