Bankruptcy might buy a company more breathing room financially, but it does not fix any underlying problems. That's why it's ...

The US chapter of canned food company Del Monte Foods filed for Chapter 11 bankruptcy proceedings in New Jersey on Tuesday under an agreement with some of its key lenders, the company said on July 1.

A Delaware bankruptcy judge has ordered the creditors who forced cryptocurrency miner Mawson Infrastructure Group Inc. into Chapter 11 to post a $1.5 million bond and pay $204,000 in contempt fines ...

Whenever a company files for bankruptcy, markets and business models are usually blamed. But not every collapse begins with bad strategy or falling demand. Sometimes, natural disasters deliver a fatal ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

There's a possibility that this second Chapter 11 reorganization could convert to a Chapter 7 liquidation without sufficient financing. Photo Credit: Ron Adar/Shutterstock Spirit Airlines entered ...

Spirit Airlines has filed for bankruptcy for the second time in a year after an earlier reorganization failed to put it on stable financial ground. The discount airline said Friday it needs to slash ...