Joann Fabrics announces the closure of all stores after auctioning its assets, with going-out-of-business sales now underway.

Nikola files for Chapter 11 bankruptcy after struggling with cash flow, leadership changes, and market challenges.

Joann announces the closure of 500 stores after filing for bankruptcy for the second time in a year.

The Indonesian government ensures that 50,000 Sritex employees will not lose their jobs despite the company's bankruptcy.

The company said it had assets and liabilities worth between $1 billion to $10 billion. Conn's HomePlus, a 134-year-old retailer of furniture and electronics, has recently filed for bankruptcy and announced plans to close more than 70 stores nationwide.

Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy, disclosing $970 million in debt.

The expiration of a popular US law on Friday has tightened bankruptcy rules for mid-sized and small businesses.

Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case.

Spirit Airlines CEO reassured that they are not considering Chapter 11 bankruptcy following the collapse of its acquisition by JetBlue Airways.

Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.