Red Lobster Abruptly Closes at Least 48 Restaurants in US Amid Bankruptcy Reports

Red Lobster is unexpectedly shutting 48 US locations, liquidating its assets via an online auction.

Steward Health Care Puts All 31 Hospitals up for Sale to Address $9 Billion Debt After Filing for Bankruptcy

Steward Health Care has reportedly listed all its 31 hospitals in the United States for sale to pay off its $9 billion debt...

Rue21 Apparel Stores Set to Close in the Coming Weeks After Filing for Third Bankruptcy

Rue21 has announced that it will be shutting down all of its 540 locations in the coming weeks...

Clothing Retailer Express to Shutter Over 100 Outlets as It Declares Bankruptcy

US multi-brand clothes retailer Express Inc. filed for Chapter 11 bankruptcy and will close over 100 stores...

Latest News

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
RadioShack may close, Sprint to get half of chain: BBG
Troubled electronics retailer RadioShack Corp is preparing to shut down the chain in a bankruptcy deal that would see half the stores taken over by Sprint Corp, Bloomberg News reported, citing people
Caesars' gets its Chicago bankruptcy in win for Apollo
The bankruptcy of the operating unit of Caesars Entertainment Corp's will proceed in Chicago, a victory for the casino company's private equity backers over its hedge fund creditors who wanted the cas
SkyMall, known for in-flight catalogs, lands in bankruptcy
SkyMall, whose in-flight shopping catalogs have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major car
Atlantic City bankruptcy talk 'premature': turnaround team
It's "premature" to talk about bankruptcy for troubled gaming resort Atlantic City, Detroit's former turnaround expert said Thursday as he signed on with the latest bid to revive a city some see as bo
Cache Inc may file for bankruptcy as soon as next week: Bloomberg
Cache Inc (CACH.O) is poised to become the latest U.S. apparel retailer to file for bankruptcy, Bloomberg reported, citing people familiar with the matter.
Thin crowds during CEO's visit helped seal Target Canada's demise
Target Corp was scrambling for ways to fix its failing Canadian expansion and considering closing just the weakest locations, but a pre-holiday visit to several stores by CEO Brian Cornell helped seal
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