The exchange filed for Chapter 11 bankruptcy in November 2022. The court found the firm's founder Sam Bankman-Fried guilty of seven counts of fraud and sentenced him to 25 years in prison and ...

The New Port Richey, Fla., pizza restaurant chain, whose locations are known as Backdraughts Pizza, filed its Subchapter V petition in the U.S. Bankruptcy Court for the Middle Dis ...

Bittrex's bankruptcy is the latest in a line of other crypto exchange or lending platforms that have also recently filed for Chapter 11 protection, including FTX, BlockFi, Celsius and Voyager Digital.

The company operates a fleet of 58 trucks to deliver refrigerated goods across 48 states, per the company’s website.

In a bold move to regain financial footing, LifeScan Global Corp.—maker of the widely used OneTouch blood glucose monitoring devices—has filed for Chapter 11 bankruptcy protection in Texas federal ...

Chapter 11 bankruptcy basics. Chapter 11 is basically a bankruptcy plan that allows businesses to restructure debts and stay open. In this type of bankruptcy, the debtor retains ownership of their ...

Not all Chapter 11 cases aim to keep a company operating. Sometimes, a debtor files a liquidation plan, which outlines how assets will be sold to maximize creditor recovery.

How the Big Lots Chapter 11 Plan Failed. As part of the sale to Nexus, Big Lots was required to deliver certain inventory value. To achieve the necessary asset value, ...