Tijuana Flats sells to new group, closes 11 restaurants and files Chap. 11

nrn.com Tijuana Flats has been acquired by a new ownership group, closed 11 restaurants this week and filed for Chapter 11 bankruptcy protection, the company said Friday. The…

Tijuana Flats declares bankruptcy and closes restaurants

restaurantbusinessonline.com Tijuana Flats was sold to a company known as Flatheads LLC. | Photo: Shutterstock. Tijuana Flats, the Florida-based chain of Tex-Mex restaurants, has declared bankruptcy,…

Taco Bell rival files Chapter 11 bankruptcy; sells company

thestreet.com Competition in the Tex-Mex and Mexican segments of the restaurant space has been fierce in recent years, led by fast-food chains Yum Brands' Taco Bell (YUM) and Chipotle…

WeWork Eyes Exit From Chapter 11 Without Additional Bankruptcy Loans

wsj.com Co-working space provider WeWork plans to exit bankruptcy without taking on more loans to fund the rest of its chapter 11 proceedings.

WeWork's Former CEO Adam Neumann Proposes $600M Bid To Regain Control Of Bankrupt Company

benzinga.com Adam Neumann is making a renewed effort to regain control of WeWork Inc WEWOQ WEWKQ as the company struggles to secure funding and avoid a sale amid bankruptcy proceedings.…

WeWork Scrambles To Stop Adam Neumann From Buying it Back

thedailyupside.com If there’s one person WeWork doesn’t want to share any office space with, you’d think it’d be its quirky founder. The once high-flying “space management technology” company…

Bankruptcy Bill Would Weaken Protections for Organizations Facing Sex Abuse Claims

wsj.com New legislation would weaken protections in chapter 11 for organizations that filed for bankruptcy to address sex abuse claims.

Red Lobster eyes bankruptcy option after $11M in losses from endless shrimp

goodmorningamerica.com Red Lobster is in hot financial waters, attempting to stay afloat by eyeing Chapter 11 bankruptcy to restructure its debts after an endless shrimp promotion sank the seafood…

For Some Reason Endless Shrimp = Bankruptcy

en.money.it Florida-born restaurant chain Red Lobster is openly considering filing for bankruptcy. Bloomberg reported on April 16 that company representative had told it that a…

Red Lobster is heading for bankruptcy after losing $11 million on endless shrimp deal

delish.com It's been a tumultuous few years for Red Lobster. The restaurant shuttered eight locations in 2023, and the investment group that held most of its stakes reported a $22…

Bally Sports owner expects Amazon Prime deal by October

stltoday.com Court records filed this week show that Diamond — the parent of Cardinals and Blues broadcaster Bally Sports Midwest — expects a deal with Amazon to launch in October, ahead…

Essential bankrupt retailer closes even more stores nationwide

thestreet.com Huge retail chains such as Target (TGT) , Walmart (WMT) and Walgreens Boots Alliance (WBA) since the Covid pandemic have closed some of their stores for a variety of…

Will FTX’s customers be repaid?

economist.com In the days after the fall of his crypto exchange, Sam Bankman-Fried opened a Google Doc and began to type. Beneath the title “probably bad ideas” he listed potential…

Beloved seafood restaurant chain is considering bankruptcy

pennlive.com Red Lobster is considering filing for Chapter 11 bankruptcy, according to a report. The seafood chain is considering a Chapter 11 bankruptcy filing as it looks to…

Oberweis for Ch. 11 bankruptcy protection

ksdk.com The company, founded in 1927, manufactures and distributes milk in glass bottles, ice cream and other dairy and nondairy products through grocery stores and delivery ST.…

Red Lobster Is Reportedly Considering Filing for Chapter 11 Bankruptcy

entrepreneur.com The seafood chain has gone through a slew of different private owners since it was established in 1968. One of America's favorite fast casual restaurants famous for its…

AMC, Trump Media: Meme stock trending tickers

finance.yahoo.com Shares of AMC Entertainment (AMC) are moving higher on Wednesday morning as the company closed the previous trading day with its biggest percentage gain since February. Last…

Red Lobster reportedly weighs possible Chapter 11 bankruptcy filing as labor costs soar

nypost.com Red Lobster is reportedly weighing a possible Chapter 11 bankruptcy filing in order to restructure its mounting debt. The seafood restaurant chain — which has 649 locations…

Report: Red Lobster preparing to file for bankruptcy

local12.com Seafood chain Red Lobster is reportedly preparing to file for bankruptcy. According to Restaurant Business Online, citing a report from Bloomberg, the company is considering…

Red Lobster considers bankruptcy to deal with leases and labor costs

chicagotribune.com By Reshmi Basu Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the…

Popular national restaurant chain explores Chapter 11 bankruptcy

thestreet.com The Covid pandemic helped restaurant chains with the infrastructure needed to pivot to delivery, pickup, and drive-through. McDonald's, Domino's, and Chipotle thrived, for…

Report: Red Lobster is preparing for bankruptcy filing

restaurantbusinessonline.com Red Lobster is considering Chapter 11 protection, according to Bloomberg. | Photo: Shutterstock. Struggling seafood chain Red Lobster is considering filing for Chapter 11…

Oberweis Dairy plans to close plant, layoff 127 workers

chicago.suntimes.com The company, known for its ice cream stores and milk packaged in glass bottles, recently filed for Chapter 11 bankruptcy.

Red Lobster considering bankruptcy filing: report

aol.com is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to a report by Bloomberg citing people familiar…

Is Red Lobster’s Bankruptcy the End for This Beloved Chain?

247wallst.com A report from Bloomberg today says that Red Lobster has engaged with a law firm as it decides whether to declare bankruptcy. With 649 locations spread throughout the United…

Oberweis Dairy to lay off 127 workers in wake of bankruptcy filing

chicagotribune.com Oberweis Dairy, which filed for bankruptcy Friday, has notified the state it plans to lay off 127 workers. The layoffs are set to begin at the family-owned North Aurora…

97-Year-Old Illinois Dairy Forced Into Bankruptcy

benzinga.com A 97-year-old family-owned dairy that offers home milk delivery in glass bottles and operates over 40 ice cream and dairy stores in Illinois and Missouri recently filed for…

Another popular beer, brewery brand files Chapter 11 bankruptcy

thestreet.com When Anchor Brewing closed in July, it marked a symbolic change in the craft brewery business. That company, which had 127 years of history sort of embodied the spirit of…

DOJ Pulls Back from Choosing NY Law Firm for Binance Oversight, Citing FTX Connections

cryptonews.com The Department of Justice (DOJ) is reportedly reconsidering selecting a prominent New York law firm to handle a critical assignment related to Binance, due to the firm’s…

New Chapter 11 Bankruptcy Filings -- Week Ending April 14, 2024

wsj.com A list of some new chapter 11 bankruptcy filings made during the last week.

Oberweis Dairy files for bankruptcy

chicagotribune.com Oberweis, a century-old North Aurora dairy with a recent history of Republican political aspirations by its owner, is seeking Chapter 11 bankruptcy protection. The…

Iconic ice cream brand files for Chapter 11 bankruptcy

thestreet.com Ice cream chain competition is fierce as Dunkin Brands' (DNKN) Baskin Robbins, Cold Stone Creamery, Haagen-Dazs, Marble Slab Creamery and Ben & Jerry's, dominate the space.…

Mall retailer considers Chapter 11 bankruptcy as cash dwindles

thestreet.com When retail chains show slowing chains they usually blame one of two boogeymen. First, there's Amazon. The online retailer has changed how consumers shop, but it has not…

Oberweis Dairy files for bankruptcy protection

wgntv.com NORTH AURORA, Ill. — Oberweis Dairy, a nearly century-old ice cream and dairy company, has filed for bankruptcy protection. On Friday, the North Aurora-based company filed…

Oberweis Dairy files for bankruptcy protection; North Aurora company owes at least $4M: documents

abc7chicago.com Oberweis Dairy files for bankruptcy protection; North Aurora company owes at least $4M: documents The ice cream and dairy company, based in west suburban North Aurora, filed…

Popular media company files for bankruptcy, plans to liquidate

thestreet.com For a few years before the Covid pandemic, it seemed like there was an endless amount of money being put into streaming services. Disney, Comcast, Apple, Netflix, and a…

Sam's Club makes a key move designed to trump Costco

thestreet.com Costco and Sam's Club compete for members. It makes little financial sense for people to pay to join both warehouse clubs, so each chain tries to find little ways to…

Huge shipping firm shuts down two of its companies

thestreet.com The U.S. logistics industry continues fighting through financial difficulties this year, as several shipping companies have already filed for bankruptcy in 2024. Filing…

Rite Aid store closings list: More Upstate NY locations getting ax

syracuse.com The list of Rite Aid stores closing in 2024 continues to grow, including more locations in New York state. WJW reports the pharmacy chain is closing 53 stores this month, in…

Rite Aid to close 4 more Long Island drugstores

newsday.com Rite Aid plans to close 53 more drugstores, including four on Long Island, according to bankruptcy court filings. The retailer has closed hundreds of stores across the…

Voyager Digital Secures $484 Million from FTX and 3AC Settlements

cryptopotato.com Voyager Digital has announced the recovery of $484.35 million from settlements with FTX, Three Arrows Capital (3AC), and Directors and Officers (D&O) insurance. The…

Judge Won't Accept Prison Health Provider YesCare's $54 Million Bankruptcy Deal

wsj.com A Houston judge also kept a YesCare affiliate in chapter 11, denying inmates’ request to dismiss its Texas Two-Step bankruptcy case.

Owner of San Jose office building headed for foreclosure goes bankrupt

siliconvalley.com SAN JOSE — The owner of a big San Jose office building whose loan has toppled into delinquency and default has filed for bankruptcy, potentially a last-ditch quest to ward…

Bankrupt fast-food chain closer to death as more locations close

thestreet.com Some brands seem like they will always be there which makes it more shocking when they go away. Sears, for example, hasn't completely disappeared, but the company that once…

Voyager Digital Shows Intent with $474M Recovery Fund

coinspeaker.com Coinspeaker Voyager Digital Shows Intent with $474M Recovery Fund Voyager Digital is making significant headway in its post-bankruptcy bid to repay creditors. As part of its…

Bankrupt Voyager, FTX Strike Deal to Resolve Claims Against Each Other

cryptonews.com Bankrupt crypto firms FTX Trading and Voyager Digital Holdings have agreed to settle loan disputes, which would help reimburse creditors. The long-standing claims and…

AMC Boss Adam Aron At CinemaCon: 2025 Box Office & Beyond Looks Bright, Theater Closures Are “Natural Pruning Of The Fleet”, But New Cinemas Are More Profitable

deadline.com AMC CEO Adam Aron continued to pour cold water on any notion that his No. 1 circuit is headed for Chapter 11. “Bankruptcy is a terrible word,” said Aron on a CinemaCon…

Rite Aid outlines 53 more store closures across 9 states in recent court filings

thehill.com So far this month, Rite Aid has announced it will close 53 more store locations, adding to the roughly 200 it has closed since filing for Chapter 11 bankruptcy protection…

Bankrupt essential retailer closing more stores across nation

thestreet.com Underperforming stores and chronic retail theft have led brick-and-mortar retailers since the Covid pandemic to close stores to ease financial distress. Target (TGT) in…

99 Cents Only was an L.A. icon. Inside the fall of the popular chain

latimes.com Shoppers make their way into the 99 Cents Only store in Santa Monica last Friday. All of the discount chain’s 371 stores are closing. It was Friday the 13th when the first…

Column: Sam Bankman-Fried will be sentenced Thursday for his crypto fraud. Throw the book at him

latimes.com Sam Bankman-Fried after a court appearance in his federal fraud case last year. A jury later convicted him on seven counts. Based on the conflicting pre-sentencing reports…

Rite Aid announces more store closures, including 18 in California

ktla.com Rite Aid has announced it will close 53 more store locations, adding to the roughly 200 it has shuttered since filing for Chapter 11 bankruptcy protection last year. The…

AMC CEO Adam Aron says ‘it’s inconceivable’ that the movie theater chain would file for Chapter 11

marketwatch.com AMC Entertainment Holdings Inc. CEO Adam Aron says that Chapter 11 is “inconceivable” for the movie theater chain and original meme stock, despite the turmoil of the last…

Unique retail chain files Chapter 11 bankruptcy

thestreet.com When you build a business around a trend, you run the risk that tastes change or the trend turns out to be a fad. Americans, it turned out, only liked self-serve frozen…

Adam Aron Brushes Off Box Office Woes: “It’s Inconceivable That AMC Would File for Chapter 11”

hollywoodreporter.com Adam Aron, as always, remains unruffled by widespread talk of AMC Theatres‘ financial woes. At CinemaCon, the annual gathering of exhibitors and Hollywood studios that’s…

Spirit just made an announcement that signals more bad news

thestreet.com While its rock-bottom ticket prices have earned it a following of loyal fans, the Florida-based Spirit Airlines (SAVE) has been facing serious financial problems. In its…

After Chapter 11 bankruptcy filing retail chain may get lifeline

thestreet.com Usually, when a retail chain hires a liquidation firm, that's the end. Recent history has shown that the brand name may come back, and sometimes, years later, some form of…

‘You’re both basically making minimum wage’: Self-employed couple have 2 kids, $4.5K in savings, $175K in debt and worry they’ll retire broke, but refuse to…

aol.com Working for yourself isn’t for the faint of heart. Instead of a steady salary, business owners and freelancers have to deal with complex taxes, uncertain cash flows and…