The restructuring plan is expected to eliminate $320 million of debt and reduce interest expenses.

​Nine Energy Service, Inc., an oilfield services business files for Chapter 11 bankruptcy with a prepackaged plan.

At the time, the airline cited unprofitability and lack of demand as reasons for its shutdown. As first reported by the BankruptcyObserver watchdog, Tailwind Air has now filed for Chapter 11 ...

Missed obligations and lenders’ demands for immediate repayment have pushed Beverly Hills-based franchiser Fat Brands Inc. and its affiliate, Twin ...

The retail marketplace does not have any nostalgia. Just because a brand has been around for decades, or even a century, does ...

MTF Enterprises, which operates locations in Pennsylvania, New Hampshire, Maine and Virginia, declared Chapter 11 bankruptcy ...

Roughly 180 Eddie Bauer stores remain across the U.S. and Canada.

The company, founded by namesake makeup artist Pat McGrath in 2015, filed for Chapter 11 bankruptcy on Jan. 22, according to ...

Twin Peaks' parent company said it expects the casual dining restaurants to "remain open and operating as usual" during the ...

Recent years have seen a number of bankruptcy filings from franchisees of major QSR brands, with many citing similar reasons.

Beyond its complicated debt situation, economic challenges and ongoing litigation worsened Fat’s financial stability.

A human resources team is expected to meet soon with the remaining employees at the retailer's Seattle headquarters.