Out-of-Court Restructuring as a Viable Alternative to Chapter 11
Under the right circumstances, an out-of-court restructuring is the best bet for an efficient, less costly process.
Do You Remember?: The Quiz
Take our quiz on these finance news stories to see how many you might have already forgotten.
JC Penney Reaches Deal to Avoid Liquidation
Brookfield and Simon Property would acquire assets through a court-supervised sale.
Sycamore Partners Leads Bid to Acquire Bankrupt JCPenney for $1.75B
The New York-based firm wants to buy the company and merge it with department store chain Belks.
KKR to Buy Borden Dairy Out of Bankruptcy
The winning bid was led by the former CEO of Borden rival Dean Foods.
Hertz Reaches Forbearance Deal With Lenders
The rental car company has until May 22 to negotiate a financing strategy.
Pier 1 to Close 450 Stores as Q3 Loss Widens
The closures "will enable us to move forward with an appropriately sized store footprint and operating structure as an omnichannel retailer."
California Faults PG&E for Deadly Wildfire
State investigators say PG&E equipment caused the Camp blaze for which the utility has already set aside $10.5 billion to cover legal claims.
Gymboree To Sell Off Brands
The deals with Gap and The Children’s Place were disclosed in bankruptcy filings.
How to Deal With the 5 Stages of Business Distress
No matter how grim things become, it's important to face each level of distress as soon as it arises and with full transparency.
Retailer Shopko Files for Bankruptcy Protection; Plans to Close 105 Stores
The company said it secured $480 million debtor-in-possession financing to fund the store during bankruptcy.