bankruptcy

Sears May Be on the Brink of Bankruptcy

(CNN) - Sears, which was at one point America's largest retailer and its largest employer appears to be nearing bankruptcy. One of Sears' major shareholders just dumped a chunk of his stock for pennies on his original investment. The…

Weinstein Co. Files for Bankruptcy Protection

(CNN) - The Weinstein company filed for bankruptcy protection in the wake of sexual assault allegations against co-founder Harvey Weinstein. The studio has been struggling for months since dozens of women publicly accused Weinstein of misconduct, including rape. Executives also…

Weinstein Company Sale Falls Apart, Again

(CNN)- The Weinstein company is once again in financial straits. Last week there was a tentative deal to sell the company's assets for $500 million. However, the investors involved backed out of the deal. According to sources linked to the…

Weinstein Company Reportedly to File for Bankruptcy

(CNN) - Harvey Weinstein's former film studio is reportedly heading for bankruptcy. "The Weinstein Company" was close to a half-billion dollar deal with investors a few weeks ago. But the studio says the sale collapsed after investors failed to provide…

Toys 'R' Us Files for Bankruptcy Protection

(CNN) - It's not all fun and games for Toys R Us. The retailer is filing for bankruptcy protection. In a statement released on Monday, company officials say it will use the proceedings to deal with $5 billion worth of…

Takata Files for Bankruptcy Protection

(CNN) - Japanese airbag maker "Takata" is filing for bankruptcy. The company has been struggling since its defective airbags led to recalls of tens of millions of vehicles. The airbags can explode and send shrapnel into drivers and passengers. They…

Gymboree Files for Bankruptcy

(CNN) - Gymboree is having trouble climbing out of a financial hole. The children's clothing retailer has filed for bankruptcy protections. Officials with Gymboree say they've reached an agreement with lenders to help keep things afloat during a restructure attempt.…

Rue21 Files for Bankruptcy

Wausau-Rhinelander, WI (WSAW) - Rue21 is the latest retailer to fail. The chain of teen clothing stores says it has filed for Chapter 11 bankruptcy protection and is closing about a third of its 1,200 locations. In a press release.,…

Payless Shoe Store Files for Bankruptcy

(CNN) - Payless Shoesource is having trouble footing the bill. The company announced it filed for chapter-11 bankruptcy on Tuesday. In a statement Payless CEO W. Paul Jones called this a "difficult, but necessary decision driven by the continued challenges…