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...

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A federal judge said on Tuesday she would approve a $26 million settlement between Atlantic City and the Revel Casino Hotel that will provide much-needed cash for New Jersey's struggling gambling hub
Fees, expenses for Detroit bankruptcy hit nearly $178 million
Detroit's historic bankruptcy, which officially ended earlier this month, cost the city nearly $178 million in fees and expenses for teams of lawyers and consultants, according to a city court filing
Court allows Aereo to auction TV streaming technology assets
A bankruptcy court has allowed defunct video streaming company Aereo Inc to auction its TV streaming technology assets, according to court papers published on Friday.
Bosnia's Bobar bank shut, big depositors face losses
Bosnian lender Bobar Banka has been shut after its shareholders failed to come up with a recovery plan, the regional banking agency said, leaving its clients, including major state firms, at risk of l
Creditor to oppose San Bernardino bankruptcy plan favoring Calpers - source
A major capital markets creditor of bankrupt San Bernardino, California, will oppose any exit plan that is more favorable to Calpers, California's public pension fund, a source familiar with the credi
Icahn offers $20 million to keep Atlantic City Trump casino open
Billionaire investor Carl Icahn offered $20 million in financing on Thursday to keep the Trump Taj Mahal from becoming the fifth casino to close this year in New Jersey's troubled Atlantic City, was o
NECC trustee files compensation plan for 2012 meningitis outbreak victims
The trustee overseeing the bankruptcy of a Massachusetts pharmacy linked to a 2012 meningitis outbreak that killed 64 people, filed a plan that would set aside at least $135 million to compensate vict
Detroit eyes bankruptcy exit in second week of December: attorney
Detroit is eying a date between Dec. 8 and 10 for its debt adjustment plan to take effect, allowing the city to exit the biggest-ever municipal bankruptcy, an attorney said on Monday.
Video streaming service Aereo files for bankruptcy
Aereo Inc, the online video streaming company backed by media mogul Barry Diller, has filed for bankruptcy protection. The Chapter 11 filing on Thursday night came five months after the U.S. Supreme C
Ukraine's currency plunges as ceasefire fears grow
Ukraine's currency lost nearly 5 percent of its value on Monday after a weekend that saw the heaviest shelling in a month hit the main rebel stronghold in the east and signs that Moscow had dispatched
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