bankruptcy

Most Airlines Could Be Bankrupt By May

(CNN) - The coronavirus is making the airline industry so sick, many major carriers may go bankrupt. One consultancy is projecting most airlines in the world will be out of money by the end of May. Europe's biggest low-cost…

Pier 1 Files For Bankruptcy

(CNN) - Home decor retailer Pier One is going bust. The company says it filed for bankruptcy Monday, after racking up $59-million in losses. The statement says Pier One has cut a deal with lenders to get a-quarter-billion dollars…

Fast Food Chain Krystal Files For Bankruptcy

(CNN) - Krystal, a popular burger chain in the southeast, has filed for chapter 11 bankruptcy. The south's answer to White Castle, was founded in Chattanooga; it first opened in 1932. For now, its 318 restaurants will continue to…

Pier 1 Shares Tumble Amid Bankruptcy Report

(CNN) - Pier 1 may be getting ready to file for bankruptcy and that news drastically affected its already low stock value. Shares of the home furnishings chain dropped nearly 17% on Monday. In five years, the price has…

Borden Dairy Co Files For Bankruptcy

(CNN) - One of America's oldest and largest dairy companies became the second major milk producer to file for bankruptcy in the last two months. Borden Dairy Co. said it cannot afford its debt load and its pension obligations.…

America's Largest Milk Producer Files For Bankruptcy

(CNN) - America's largest milk producer is filing for bankruptcy. Dean Foods filed for Chapter 11 bankruptcy protection on Tuesday; in an effort to keep the 94-year-old company operating. The filing will also allow it to reorganize its debt…

Forever 21 Retailer Files For Bankruptcy

(CNN) - Forever 21 is dealing with financial woes. The teenage clothing chain announced Sunday that it filed for Chapter 11 bankruptcy. Company officials say up to 178 of its more than 800 stores will be closed. However, they…

Flower Delivery Service FTD Files For Bankruptcy

(CNN) - Flower delivery service FTD has filed for bankruptcy protection and is putting assets up for sale to cope with the company's massive debt. FTD has been in business since 1910. Despite Monday's chapter 11 filing, USA Today…

Sears To Close Stores Even If It Survives Bankruptcy

Beaumont, TX (KBMT) - Even if Sears survives its bankruptcy proceedings this month, the retailer will continue to close down stores. A new business plan shows the company anticipates closing 36-more of its K-Mart stores by the end of…

Sears Declares Bankruptcy

(CNN) - Sears is sinking. The previously dominant retail chain is filing for bankruptcy. The company, which has been around for 132-years, has had financial issues over the past few years and has major debts. Sears was unable to…