Abuse survivors fill courtroom to urge end of church's 5-year-old bankruptcy

Judge Meredith Grabill, moved by the survivors' appearance, says, 'There's not been sufficient progress to justify' the church's case. NEW ORLEANS — About 20 survivors of childhood sexual abuse by New Orleans area priests came from as …

Five years after bankruptcy, judge sets key date for New Orleans Archdiocese

All 354 Forever 21 US stores close permanently after company files for bankruptcy

(WSVN) - Shoppers across the country are bidding farewell to Forever. All 354 of Forever 21’s U.S. stores are now closed. The store closures come after the company filed for bankruptcy for the second time earlier this year. The company has faced declining …

‘Creatures of the Night’: The Kiss album that ended in bankruptcy

(Credit: Alamy) Sometimes even the plans that seem foolproof and destined to lead you to a life of rock and roll rapture can end in flames. No one is more well-acquainted with that tragedy than Kiss’s short-lived former lead guitarist, Vinnie Vincent, …

Changes to Child Victims Act complicate Baltimore Archdiocese bankruptcy

​  Key Takeaways: Maryland amends Child Victims Act, limiting damages Over 1,000 lawsuits may be filed to meet new deadlines Archdiocese argues bankruptcy law overrides CVA claims Judge weighs lifting stay to preserve victims’ legal rights   A new Maryland …

Planet Hollywood operator files for bankruptcy

Planet Hollywood is down to two U.S. restaurants. | Photo: Shutterstock The operator of two shuttered Planet Hollywood restaurants filed for bankruptcy earlier this month amid heavy debt and claims from a former lender. Orlando-based PB Restaurants, along …

Goodbye to North America’s oldest company: 355-year-old legendary business declares bankruptcy

It’s rare to see a company founded in the 17th century still operating today—but that was the case for Hudson’s Bay Company. Once a dominant force that governed what is now Canada for over 200 years, and one of the most legendary businesses in North …

Li-Cycle seeks buyer, facing possibility of bankruptcy

Battery recycler Li-Cycle announced Thursday that it was seeking buyers for its business and assets – hoping to strike a deal and avoid filing for bankruptcy protection. The Canadian company was building a massive hub facility at Eastman Business Park but …

Texas trucking company, brokerage file for Chapter 11 bankruptcy

Balkan Express and its affiliate, Balkan Logistics, have filed for Chapter 11 bankruptcy protection, citing debts of more than $25 million. The companies, which seek to reorganize, filed for Chapter 11 protection on Wednesday in the U.S. Bankruptcy Court …

Lifestyle Asset Group files for Chapter 7 bankruptcy