The company says its finances have wilted as the expected benefits from its $430 million acquisition of ProFlowers have not materialized.
American Home Products has accepted a "stalking horse" bid for its assets, which include the Louver Shop and Danmer brands.
The bedding products maker says materials price increases and costs to integrate an acquisition have left it with only $523,000 in cash on hand.
Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.
WMC Mortgage sought bankruptcy protection to resolve remaining legal liabilities over defective loans it originated before the 2008 financial crisis.
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
The Chapter 11 financing is secured by PG&E assets, raising concerns over what could happen if the utilty defaults.
The U.S. Bankruptcy Court in Delaware saw three mid-market Chapter 11 filings on Monday. Is it the start of a flood?
The seller of Italian jeans said a misconceived turnaround strategy caused it to enter into expensive, long-term leases for retail locations.
The filing follows a court ruling that the broadband provider violated bond covenants when it spun off its fiber-optic cable network.
The Department of Justice says the firm showed a "lack of candor" in seeking advisory appointments in bankruptcy cases.
A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.
