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.

Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.

Payless ShoeSource closed its final stores in the U.S. in June 2019 after filing for bankruptcy, but the shoe retailer announced Tuesday it is returning.

Richard Branson’s Virgin Atlantic airline is seeking protection from creditors as it tries to survive the pandemic that is slamming air travel

Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos

The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic.

Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, is filing for bankruptcy protection

Denim retailer Lucky Brand Dungarees has filed for bankruptcy protection, blaming its troubles in part on the coronavirus pandemic, and said it has a deal lined up to sell the company. Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process. Los Angeles-based Lucky filed for Chapter 11 protection on Friday in federal bankruptcy…

Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection.

Chuck E Cheese is filing for bankruptcy protection

Pizza chain Chuck E. Cheese has filed for bankruptcy protection. The chain geared toward children has struggled during the coronavirus pandemic with parents unsure if they can host birthday parties.

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business. The Estero, Florida-based company’s lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in U.S. Bankruptcy Court in Delaware. Hertz and its subsidiaries...

Fort Worth-based home goods retailer Pier 1 Imports announced Tuesday that it filed a motion seeking bankruptcy court approval to begin “an orderly wind-down of the company’s retail operations” and to liquidate all assets due to economic stress brought on by the pandemic coupled with the inability to find a buyer.