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Bankruptcy

Once popular New Jersey breakfast brand Denny’s selling off restaurants after bankruptcy

August 10, 2025
Once popular new jersey breakfast brand denny’s selling off restaurants after bankruptcy - photo licensed by shore news network.

Once a familiar stop for breakfast lovers in New Jersey and across the country, Denny’s is shedding locations as part of a bankruptcy-driven sell-off as …

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Phil Murphy’s Flawed School Funding Formula Sends One Of New Jersey’s Largest Districts Into Bankruptcy

July 3, 2025
Phil murphy's flawed school funding formula sends one of new jersey's largest districts into bankruptcy - photo licensed by shore news network.

TOMS RIVER, N.J. — The Toms River Regional School District is warning of potential summer school cancellations and exploring Chapter 9 bankruptcy as it faces …

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Popular Home Decor Box Store to Close Three New Jersey Locations Amid Bankruptcy Filing

June 18, 2025
Popular home decor box store to close three new jersey locations amid bankruptcy filing - photo licensed by shore news network.

PRINCETON, NJ – At Home, the Texas-based home decor and furniture retailer, has announced the closure of three of its New Jersey stores as part …

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23andMe customers genetic data could be sold as bankruptcy claim deadline nears

May 5, 2025
23andme customers genetic data could be sold as bankruptcy claim deadline nears - photo licensed by shore news network.

TRENTON, NJ – Millions of Americans’ DNA samples on file with a DNA sequencing service are at risk of being sold, and that’s bad new …

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New Jersey Big Lots Stores Spared from Latest Bankruptcy Related Closings

October 17, 2024
New jersey big lots stores spared from latest bankruptcy related closings - photo licensed by shore news network.

TOMS RIVER, NJ – Big Lots is closing more stores as it moves forward in its bankruptcy proceedings, but this time, New Jersey stores won’t …

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More Closures Coming as Big Lots Announces New Bankruptcy Sale Agreement

September 9, 2024
More closures coming as big lots announces new bankruptcy sale agreement - photo licensed by shore news network.

TOMS RIVER, NJ – Big Lots, a popular overstock and discount chain store has already announced the closure of one New Jersey location, but more …

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Rite Aid Stores Across New Jersey Grappling With Empty Shelves Amid Bankruptcy

August 9, 2024
Rite aid stores across new jersey grappling with empty shelves amid bankruptcy - photo licensed by shore news network.

TOMS RIVER, NJ – If shopping at Rite in New Jersey feels like shopping in a third-world socialist nation lately, it’s not you. It’s real. …

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Bob’s Stores Files Bankruptcy, Liquidation of New York and New Jersey Stores

July 2, 2024
Bob's stores files bankruptcy, liquidation of new york and new jersey stores - photo licensed by shore news network.

FREEHOLD, NJ – Bob’s Stores (“Bob’s”), a subsidiary of GoDigital Media Group, announced that the company will close all of it’s Bob’s locations and liquidate …

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Delaware’s Red Lobster Locations to Remain Open Despite Bankruptcy Filing

May 14, 2024
Delaware's red lobster locations to remain open despite bankruptcy filing - photo licensed by shore news network.

Orlando, FL – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating a significant restructuring of its business operations. Despite the company’s decision to …

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Red Lobster Files for Bankruptcy, Closes Several Maryland Locations

May 14, 2024
Red lobster files for bankruptcy, closes several maryland locations - photo licensed by shore news network.

Orlando, FL – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating a significant restructuring of its business operations. According to its website, the …

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Red Lobster Files for Bankruptcy Closes New Jersey Restaurants

May 14, 2024
Red lobster files for bankruptcy closes new jersey restaurants - photo licensed by shore news network.

Red Lobster Files for Chapter 11 Bankruptcy and Announces Restaurant Closures TOMS RIVER, NJ – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating …

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Huntington Man Sentenced for Making False Declaration in Bankruptcy Case

April 30, 2024
Huntington man sentenced for making false declaration in bankruptcy case - photo licensed by shore news network.

According to court documents and statements made in court, on or about April 30, 2019, Spence filed for bankruptcy as an individual and separately on …

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Bankruptcy Filings Surge in 2023, Marking Significant Increase After Decade of Decline

February 7, 2024
Bankruptcy filings surge in 2023, marking significant increase after decade of decline - photo licensed by shore news network.

TRENTON, NJ – In the twelve-month period ending December 31, 2023, the United States saw a notable rise in bankruptcy filings, according to the latest …

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At Japan Airlines, bankruptcy helped lay groundwork for first female boss

January 31, 2024
At japan airlines, bankruptcy helped lay groundwork for first female boss - photo licensed by shore news network.

By Maki Shiraki and Anton Bridge TOKYO (Reuters) – The seeds of former flight attendant Mitsuko Tottori’s rise to the top of Japan Airlines (JAL) …

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Bankman-Fried’s FTX to get bankruptcy examiner to probe collapse – US appeals court

January 19, 2024
Bankman-fried's ftx to get bankruptcy examiner to probe collapse - us appeals court - photo licensed by shore news network.

By Jonathan Stempel (Reuters) – A federal appeals court on Friday ordered the appointment of an independent bankruptcy examiner to investigate the Nov. 2022 collapse …

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Brazil’s Gol says restructuring details undefined after report on potential bankruptcy

January 16, 2024
Brazil's gol says restructuring details undefined after report on potential bankruptcy - photo licensed by shore news network.

SAO PAULO (Reuters) – Brazilian airline Gol said on Tuesday it is discussing how to reach a “consensual” restructuring with financial stakeholders, following a media …

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New Jersey Pioneering Craft Brewing Business Files for Bankruptcy

December 31, 2023
New jersey pioneering craft brewing business files for bankruptcy - photo licensed by shore news network.

SOMERDALE, NJ – Flying Fish Brewery Company, one of New Jersey’s pioneering craft breweries, has filed for Chapter 11 bankruptcy protection amid substantial financial challenges. …

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Air Methods exits bankruptcy with $1.7 billion less debt

December 28, 2023

(Reuters) – Air Methods, a private equity-owned medical helicopter company, said on Thursday it has emerged from bankruptcy nearly two months after it filed for …

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Crypto miner Core Scientific expects to emerge from bankruptcy in January

December 21, 2023
Crypto miner core scientific expects to emerge from bankruptcy in january - photo licensed by shore news network.

(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty …

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US pharmacy chain Rite Aid agrees to bankruptcy mediation, gets loan approval

December 19, 2023December 19, 2023
Us pharmacy chain rite aid agrees to bankruptcy mediation, gets loan approval - photo licensed by shore news network.

By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company …

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J&J says it has settled some talc claims, will continue bankruptcy strategy

December 5, 2023December 5, 2023
J&j says it has settled some talc claims, will continue bankruptcy strategy - photo licensed by shore news network.

By Brendan Pierson (Reuters) – Johnson & Johnson’s worldwide vice president for litigation said on Tuesday that the company has recently reached settlements with several …

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Signa unit confirms bankruptcy filing in letter to employees – Wirtschaftswoche

November 25, 2023

FRANKFURT (Reuters) – Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, …

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US judge dismisses involuntary bankruptcy against Mexico’s TV Azteca

November 21, 2023

MEXICO CITY (Reuters) – A U.S. judge has dismissed an involuntary bankruptcy case against Mexican broadcaster TV Azteca, controlled by Mexican billionaire Ricardo Salinas Pliego, …

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Celsius Network pivots to bitcoin mining after bankruptcy

November 21, 2023November 21, 2023
Celsius network pivots to bitcoin mining after bankruptcy - photo licensed by shore news network.

By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing …

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Justice Department and Department of Education Announce Successful First Year of New Student-Loan Bankruptcy Discharge Process

November 16, 2023

WASHINGTON – The Justice Department, in close coordination with the Department of Education, announced today a successful first year of the new process for handling …

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Agoura Hills Property Developer Sentenced to Nearly 3½ Years in Prison for Lying on Bankruptcy Petition and Filing False Federal Tax Returns

November 15, 2023

LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy …

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Drugmaker Mallinckrodt emerges from bankruptcy

November 14, 2023
Drugmaker mallinckrodt emerges from bankruptcy - photo licensed by shore news network.

(Reuters) -Drugmaker Mallinckrodt said on Tuesday it has emerged from bankruptcy and reduced its total funded debt by about $1.9 billion. Mallinckrodt, which won court …

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One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT

November 1, 2023

One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT Will Kessler on October 31, 2023 The once-booming start-up WeWork will file for bankruptcy …

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Private equity backed US peach farm files for bankruptcy to pursue sale

October 13, 2023

By Dietrich Knauth NEW YORK (Reuters) – Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North …

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Archdiocese of Baltimore Files for Bankruptcy Ahead of New Maryland Law on Sexual Abuse

September 29, 2023
Archdiocese of baltimore files for bankruptcy ahead of new maryland law on sexual abuse - photo licensed by shore news network.

BALTIMORE, MD – The Archdiocese of Baltimore filed for Chapter 11 bankruptcy protection on Friday, a preemptive move ahead of a Maryland state law that …

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Rite-Aid in Bankruptcy Talk, Announces Closure of Hundreds of Stores

September 23, 2023
Rite-aid in bankruptcy talk, announces closure of hundreds of stores - photo licensed by shore news network.

NEWARK, NJ – Hundreds of Rite-Aid stores are shutting down including many in New Jersey, New York and Pennsylvania. Rite Aid is currently in negotiations …

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Rite Aid plans to shut down hundreds of stores in bankruptcy – WSJ

September 22, 2023
Rite aid plans to shut down hundreds of stores in bankruptcy - wsj - photo licensed by shore news network.

(Reuters) – Rite Aid is negotiating with creditors over the terms of a bankruptcy plan that would include liquidating a substantial portion of its more …

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Toms River Rite-Aid Among Three Closing as Bankruptcy Looms

September 15, 2023
Toms river rite-aid among three closing as bankruptcy looms - photo licensed by shore news network.

Two Rite Aid stores in New Jersey have closed and one more will be shutting down soon as the company contemplates a Chapter 11 bankruptcy …

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Ford CEO says UAW proposal could force bankruptcy

September 14, 2023
Ford ceo says uaw proposal could force bankruptcy - photo licensed by shore news network.

(Reuters) – Ford Motor Chief Executive Jim Farley said Thursday the United Auto Workers union proposal to hike wages by 40%, cut workweeks and add …

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Bankruptcy, Unpaid Bills, Criminal Rap Sheet, Bias Crimes Highlight Toms River Dem Ticket

September 8, 2023
Bankruptcy, unpaid bills, criminal rap sheet, bias crimes highlight toms river dem ticket - photo licensed by shore news network.

TOMS RIVER, NJ – The Toms River Democrats waited until the last minute to announce their full slate of candidates in the November election and …

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Party City set to exit bankruptcy with $1 billion debt reduction

September 6, 2023
Party city set to exit bankruptcy with $1 billion debt reduction - photo licensed by shore news network.

By Dietrich Knauth (Reuters) -A U.S. bankruptcy judge on Wednesday approved Party City Holdco’s Chapter 11 bankruptcy plan, which will cancel about $1 billion in …

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Wall Street funds explore potential bankruptcy plan for WeWork – WSJ

August 24, 2023August 24, 2023
Wall street funds explore potential bankruptcy plan for wework - wsj - photo licensed by shore news network.

(Reuters) – A group of wall street funds which lent cash to WeWork is exploring the possibility of a bankruptcy filing, the Wall Street Journal …

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China Evergrande says bankruptcy protection filing does not involve petition

August 18, 2023
China evergrande says bankruptcy protection filing does not involve petition - photo licensed by shore news network.

(Reuters) – Embattled property developer China Evergrande Group said on Friday its application to the U.S. Court for bankruptcy protection is a normal procedure for …

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Apollo Global pulls out of Yellow’s bankruptcy financing plan

August 15, 2023
Apollo global pulls out of yellow's bankruptcy financing plan - photo licensed by shore news network.

(Reuters) – Apollo Global Management is selling off a $500 million term loan given to Yellow Corp and dropping plans to extend financing to fund …

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Private jet firm Wheels Up considers options, including bankruptcy protection

August 14, 2023August 14, 2023

(Reuters) -Private jet charter company Wheels Up Experience said on Monday it was considering strategic alternatives, including filing for bankruptcy protection, sending its shares down …

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Biotech firm Amyris files for bankruptcy in US

August 10, 2023August 10, 2023

(Reuters) – Biotech firm Amyris Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S. court and is planning to sell …

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EV firm Proterra files for Chapter 11 bankruptcy protection

August 7, 2023
Ev firm proterra files for chapter 11 bankruptcy protection - photo licensed by shore news network.

(Reuters) -Electric-vehicle parts supplier Proterra filed for Chapter 11 bankruptcy protection on Monday, making it the latest company to go belly up in an industry …

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Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans

August 7, 2023

Trucking Giant Files For Bankruptcy After Receiving Over $700 Million In Gov Loans Will Kessler on August 7, 2023 Trucking company Yellow filed for Chapter …

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Trucking firm Yellow considers asset sale through bankruptcy filing – Bloomberg News

August 4, 2023
Trucking firm yellow considers asset sale through bankruptcy filing - bloomberg news - photo licensed by shore news network.

(Reuters) – Trucking firm Yellow is considering a sale of assets and real estate through a bankruptcy filing, which may come as soon as this …

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U.S. Trucking firm Yellow prepares for bankruptcy – WSJ

July 26, 2023

(Reuters) – U.S. trucking firm Yellow is preparing to file for bankruptcy, the Wall Street Journal reported on Wednesday, as customers abandon the company amid …

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David’s Bridal avoids shutdown with no-cash bankruptcy sale

July 14, 2023

By Dietrich Knauth NEW YORK (Reuters) – Bankrupt wedding gown retailer David’s Bridal received court approval on Friday to sell its business to asset manager …

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Bankruptcy filings surge in first half of 2023 in US – Epiq

July 3, 2023
Bankruptcy filings surge in first half of 2023 in us - epiq - photo licensed by shore news network.

(Reuters) – U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq Bankruptcy, a provider of U.S. …

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National CineMedia to emerge from bankruptcy in August or September

June 27, 2023

(Reuters) – National CineMedia LLC said on Tuesday it would emerge from Chapter 11 on or around August or September as its reorganization plan has …

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Electric Vehicle Startup Files For Bankruptcy, Sues Investment Partner

June 27, 2023

Electric Vehicle Startup Files For Bankruptcy, Sues Investment Partner Will Kessler on June 27, 2023 Electric vehicle startup Lordstown Motors Corp. (LMC) filed for Chapter …

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Georgia-Pacific may maintain bankruptcy pause on lawsuits, court rules

June 20, 2023

By Dietrich Knauth (Reuters) – Georgia-Pacific can avoid litigating tens of thousands of asbestos lawsuits while its subsidiary Bestwall remains in bankruptcy, an appeals court …

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