Corporate bankruptcy

FILE - This Feb. 29, 2020 file photo, National Rifle Association Executive Vice President and CEO Wayne LaPierre speaks at Conservative Political Action Conference, CPAC 2020, at the National Harbor, in Oxon Hill, Md. Houston. The National Rifle Association announced Friday, Jan. 15, 2021, it has filed for bankruptcy and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York. (AP Photo/Jose Luis Magana, File)
January 15, 2021 - 8:02 pm

Nra Declares Bankruptcy, Plans To Incorporate In Texas

AUSTIN, Texas (AP) — The National Rifle Association announced Friday it has filed for bankruptcy protection and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York, where a state lawsuit is trying to put the organization out of business...
Read More
A man entering the national library in The Hague, Netherlands, Tuesday, Dec. 1, 2020, passes a sign informing visitors to wear mandatory face masks. Wearing face masks in publicly accessible indoor venues such as libraries, museums became obligatory in the Netherlands on Dec. 1, 2020, when a new temporary law underpinning existing government coronavirus restrictions came into force. (AP Photo/Peter Dejong)
December 09, 2020 - 2:45 am

Dutch Government Pledges New Support To Virus-Hit Businesses

THE HAGUE, Netherlands (AP) — The Dutch government on Wednesday beefed up its financial support by 3.7 billion euros ($4.5 billion) for businesses slammed by the country’s partial lockdown measures. The latest lifeline comes on top of 33.7 billion euros in support the government earlier pledged to...
Read More
A woman wearing a face mask walks past the Debenhams flagship department store on Oxford Street, during England's second coronavirus lockdown in London, Tuesday, Dec. 1, 2020. In another dark day for the British retailing industry, Debenhams said Tuesday it will start liquidating its business after a potential buyer of the company pulled out, a move that looks like it will cost 12,000 workers their jobs. (AP Photo/Matt Dunham)
December 01, 2020 - 7:21 am

In Dark Day For Uk Retailing, 242-Year-Old Debenhams To Shut

LONDON (AP) — The future of around 25,000 retailing jobs in Britain hangs in the balance after the failure of two long-established companies laid bare the fragility of much of the sector during the coronavirus pandemic. Long-suffering Debenhams, the 242-year-old department store chain, said Tuesday...
Read More
People wearing face masks to try to curb the spread of coronavirus walk past the temporarily closed Topshop flagship store on Oxford Street, during England's second coronavirus lockdown, in London, Monday, Nov. 30, 2020. Arcadia Group, the retail empire of tycoon Philip Green, which owns well-known British fashion chains like Topshop and employs around 15,000 people, appears to be on the brink of collapse following the economic shock of the coronavirus pandemic. (AP Photo/Matt Dunham)
November 30, 2020 - 1:08 pm

Philip Green's Retail Empire Arcadia Calls In Administrators

LONDON (AP) — Arcadia Group, the British retail empire that has been run by the billionaire Philip Green for 18 years, was placed into a type of bankruptcy protection on Monday, a decision that effectively puts around 13,000 jobs at risk. In another blow to the country's retail industry in the run-...
Read More
Black Friday shoppers wear face masks as the leave Saks Fifth Avenue flagships store empty handed, Friday, Nov. 27, 2020, in New York. (AP Photo/Mary Altaffer)
Associated Press
November 27, 2020 - 3:56 pm

Virus keeps Black Friday crowds thin

NEW YORK (AP) — The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge in online shopping offered a beacon of hope for struggling retailers after months of slumping sales and businesses toppling into bankruptcy. In normal times, Black...
Read More
FILE - This Tuesday, Feb. 3, 2015 file photo shows a RadioShack store in Dallas. RadioShack, the nearly century-old electronics retailer ubiquitous in malls for decades, has been pulled from brink of death — again. It’s the most prized name in the basket of retail brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up for a relative pittance since the coronavirus pandemic landed on U.S. shores. (AP Photo/Tony Gutierrez, File)
November 24, 2020 - 2:40 pm

Left For Dead, Twice, Radioshack Gets Another Shot Online

SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again. It's the most prized name in the basket of brands that entrepreneur investors Alex Mehr and Tai Lopez have scooped up since the coronavirus pandemic bowled over the U.S. retail...
Read More
FILE - In this Tuesday, May 8, 2007, file photo, a Purdue Pharma logo is affixed to part of a Purdue building in Stamford, Conn. Proposed settlements between the federal government and OxyContin maker Purdue Pharma and its owners cleared a major legal hurdle Tuesday, Nov. 17, 2020, when a bankruptcy judge said they could move ahead. (AP Photo/Douglas Healey, File)
November 17, 2020 - 5:46 pm

Bankruptcy Judge Oks Federal Settlement With Purdue Pharma

Proposed settlements between the federal government and OxyContin maker Purdue Pharma and its owners cleared a major legal hurdle Tuesday when a bankruptcy judge said they could move ahead. Last month, the company agreed to an $8.3 billion civil settlement with the U.S. Department of Justice...
Read More
Daijah Powell restocks the clothing racks at the Stonebriar Mall J.C. Penney store in Frisco, Texas, Tuesday, Nov. 10, 2020. J.C. Penney is on course to emerge from bankruptcy by Thanksgiving after a U.S. bankruptcy court approved the sale of the ailing retailer to two of the nation's largest landlords and its primary lenders.(Jason Janik/The Dallas Morning News via AP)
November 10, 2020 - 5:00 pm

U.s. Bankruptcy Court Approves Sale Of J.c. Penney

NEW YORK (AP) — J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders. The U.S. Bankruptcy Court for the Southern District of Texas approved a...
Read More
FILE - This Oct. 5, 2011 file photo shows a sign displayed on the door at Friendly's restaurant in Brunswick, Maine. Friendly's Restaurant, an East Coast restaurant chain known for its sundaes, is filing for bankruptcy protection. The company said it will sell substantially all of its assets to the restaurant company, Amici Partners Group, and all 130 of its locations will remain open while in restructures under Chapter 11 bankruptcy protection. (AP Photo/Pat Wellenbach, File)
November 02, 2020 - 8:53 am

Another Restaurant Chain, Friendly's, Hits Wall In Pandemic

WILBRAHAM, Mass. (AP) — Friendly's Restaurants, the 85-year-old East Coast dining chain known for its Fribble milkshakes and ice cream sundaes, is filing for bankruptcy protection. It joins a growing list of well-established restaurant chains that are failing due to an unchecked pandemic in the...
Read More
FILE - In this Nov. 19, 2012 file photo a woman leaves Eastgate Mall after shopping in Cincinnati. Two mall operators filed for bankruptcy protection Monday, Nov. 2, 2020 hurt by the coronavirus pandemic, which has forced its tenants to permanently close stores or not pay rent. Both companies, CBL and Pennsylvania Real Estate Investment Trust, said their malls will remain open as they go through the bankruptcy process. (AP Photo/Al Behrman, file)
November 02, 2020 - 8:43 am

Crushed By The Virus, 2 Mall Operators File For Bankruptcy

NEW YORK (AP) — Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic that has forced their tenants to permanently close stores or not pay rent. Both companies, CBL and Pennsylvania Real Estate Investment Trust, said their malls will remain open as they go...
Read More

Pages