Bankruptcy

The 105,000-square-foot Bel Air estate, known as “The One,” was placed into receivership by the Los Angeles County Superior Court.

A bankruptcy judge has approved a proposal by the Boy Scouts of America to set up an $850 million fund to compensate tens of thousands of men who say they were sexually abused as youngsters by scout leaders

Senate Majority Leader Chuck Schumer on Sunday called on the Justice Department to investigate the National Rifle Association for bankruptcy fraud, saying the financially stable gun-rights group abused the system when it sought bankruptcy protection in the wake of a New York lawsuit seeking to put it out of business.

A judge has rejected the National Rifle Association’s bankruptcy bid, blocking its plan to reincorporate in Texas. Now the gun rights group is back to fighting New York regulators in a lawsuit that threatens to put it out of business. A federal bankruptcy judge in Dallas dismissed the NRA’s case on Tuesday. He ruled that the organization’s leadership sought Chapter...

Shares of Hertz skyrocketed by as much as 68% after it selected a $6 billion turnaround bid that provides a rare payout to shareholders.

Elliott Investment Management, the owner of Barnes & Noble, said Tuesday it will acquire gift and stationery retailer Paper Source.

In the heart of the pandemic, when thousands of the nation’s retail stores were closed, the stationery chain Paper Source paid its top seven executives a combined $1.47 million in bonuses, NBC News reports.

Just a few months into serving as interim CEO of J.C. Penney, Stanley Shashoua said he sees signs of growth in the business.

The committee representing child sex abuse survivors in the Boy Scouts of America bankruptcy case has agreed to the extension of an injunction halting lawsuits against local Boy Scouts councils.

U.S. shopping mall owner Washington Prime Group is preparing to potentially file for Chapter 11 bankruptcy protection, Bloomberg reported Thursday.

Texas-based cinema chain Alamo Drafthouse is the latest theater group to file for Chapter 11 bankruptcy.

When collection moratoria end, there will be a tsunami of foreclosures, evictions, and collection actions, writes Georgetown University Law Professor Adam J. Levitin.

This year, Neiman Marcus and J.C. Penney joined the ranks of some of the biggest retail bankruptcies on record, including Sears, Toys R Us and Circuit City.

Punch Bowl Social filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic devastated its business.

Personal bankruptcy offers a fresh start for those with high debt levels, but it also comes with long-term costs related to real estate, credit, and jobs.

All retailers could use a strong holiday season to ring in 2021. But for some companies it is especially true, with the holidays being a make-or-break time.

The apparel chain Francesca’s plans to shut an additional 97 locations after it filed for bankruptcy protection, dealing another blow to mall owners.

Santa will be busy delivering packages curbside at Neiman Marcus this holiday season. This is just one of its initiatives to try to win customers over.

Many retailers have taken a huge financial hit during the coronavirus pandemic after stores were temporarily closed to halt the coronavirus’ spread.