Bankruptcy


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(Getty)

When the music stops: Guitar Center could file for bankruptcy

The music could stop at Guitar Center in the near future. The retailer is preparing for bankruptcy after missing...

When the music stops: Guitar Center could file for bankruptcy
J.C. Penney CEO Jill Soltau and Aurelius Capital Management CEO Dirk Markus (Getty; Wikipedia Commons)

J.C. Penney creditors want slow down “bad faith” sale

J.C. Penney’s plan to rescue itself from bankruptcy is facing a challenge. A group of the company’s creditors is...

J.C. Penney creditors want slow down “bad faith” sale
Ruby Tuesday introduced plans to close 185 of its restaurants (Ildar Sagdejev via Wikipedia Commons)

CEO says bankruptcy is not goodbye, Ruby Tuesday

Yet another chain is seeking bankruptcy protection after the pandemic decimated its business. The restaurant chain Ruby Tuesday filed...

CEO says bankruptcy is not goodbye, Ruby Tuesday
Town Sports International CEO Patrick Walsh (Credit: JoJosh313; Getty)

Dead weight: New York Sports Clubs owner files for bankruptcy

The owner of New York Sports Clubs can’t run away from the pandemic. Town Sports International — which owns...

Dead weight: New York Sports Clubs owner files for bankruptcy
From left: J.C. Penney CEO Jill Soltau, Authentic Brands Group CEO Jamie Salter, Simon Property Group CEO David Simon,  and Brookfield Property Partners CEO Brian Kingston (Getty)

Authentic Brands in talks to join J.C. Penney takeover

Authentic Brands, one of the most active bidders on bankrupt retail, is joining a deal to take over J.C....

Authentic Brands in talks to join J.C. Penney takeover
Maison Kayser USA CEO Jose Alcalay (LinkedIn; Tools of Men via Flickr; Maison Kayser)

Maison Kayser files for bankruptcy with plans for sale

Days after firing its New York staff, the owner of bakery chain Maison Kayser has filed for bankruptcy, with...

Maison Kayser files for bankruptcy with plans for sale
Century  21 will wind down operations at its 13 stores (Getty)

Century 21 Stores files for bankruptcy, blames insurers

UPDATED, Sept. 10, 12:40 p.m.: Century 21 Stores is the latest retailer to file for bankruptcy, and it blames...

Century 21 Stores files for bankruptcy, blames insurers
(iStock)

Regus bankruptcy would put nearly $13B in CMBS loans at risk

Hit hard by its subtenants’ inability to pay on time, an affiliate of executive suites and coworking company International...

Regus bankruptcy would put nearly $13B in CMBS loans at risk
Marble Ridge Capital LP's Dan Kamensky and Neiman Marcus at Hudson Yards in New York (Getty; Jewish National Fund)

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy

A hedge-fund manager has been arrested and charged with fraud in connection to Neiman Marcus’ bankruptcy. Dan Kamensky, the...

Hedge fund manager arrested for fraud in Neiman Marcus bankruptcy
Charles B. Lebovitz (CBL, iStock)

Mall owner CBL Properties nears bankruptcy

Suffocating under retailers’ inability to pay rent and more than $3 billion in debt, CBL Properties is on its way toward declaring bankruptcy. The company announced that it reached an agreement with some of...

Mall owner CBL Properties nears bankruptcy
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