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 ...

UPDATE: Honors Holdings filed a motion December 13 to dismiss the involuntary Chapter 7 petition, and in court documents said it "intends to formally wind down" its operations. • After selling studios ...

The average American household currently carries over $7,000 in credit card debt, and for a large number of borrowers, other debts, like medical bills and personal loan debts, are also piling up amid ...

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A popular furniture retail business from Massachusetts, Circle Furniture Holdings, Inc., has filed for bankruptcy. The roughly 70-year-old retailer is seeking to liquidate its assets under court ...

Porzio Bromberg Sued Over Failed Use of Involuntary Chapter 7 Petition Former clients of Porzio, Bromberg & Newman are suing the Morristown firm over a claimed ill-advised attempt to use an ...

NEW YORK — Three of Clothestime Stores Inc.’s vendors have hauled the discount juniors’ specialty retailer back into a California bankruptcy court. The three suppliers — Ms. Bubbles Inc., Rigo ...

Pennsylvania battery recycling facility was idled late last year, with a Chapter 7 petition filed at the end of January. Should the owners of Inmetco proceed with the Chapter 7 process, its assets ...

The craft beer industry has faced a tragic couple of years with 100s of beer businesses shuttering permanently in 2025, as brewery closures outpaced openings with 434 shutting down and 268 opening by ...

When a company files Chapter 7 bankruptcy, it means the brand will be liquidated. That could result in a new beginning, if a new business or operator buys the brand and revives it. In theory, that can ...