Will Graves AP Sports Writer Published 3:56 PM EST Dec 5, 2018 USA Gymnastics is turning to bankruptcy in an effort to ensure its survival. The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday as it attempts to reach settlements in the dozens of sex-abuse lawsuits it faces and to forestall its potential demise at the hands of the U.S. Olympic … [Read more...] about USA Gymnastics files for Chapter 11 bankruptcy
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Massachusetts-based pizza restaurant chain Papa Gino's has filed for Chapter 11 bankruptcy and closed nearly 100 locations throughout New England amid the company's restructuring and sale to a private equity firm. Papa Gino's Holdings Company, which owns the pizza chain and D'Angelo Grilled Sandwiches, announced Monday it has been sold to a Wynnchurch Capital portfolio company, … [Read more...] about Papa Gino’s Files for Chapter 11 Bankruptcy, Closes 95 Stores
NEW YORK — Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses.The question now is whether a smaller version of the company that once dominated the American retail landscape can remain viable or whether the iconic brand will be forced out of business.Sears, which started as a mail order catalog in the 1880s, … [Read more...] about Sears files for Chapter 11 bankruptcy; what’s next?
CHANDLER, Ariz. – The Bondurant School of High Performance Driving filed for Chapter 11 bankruptcy protection on Tuesday. Court documents put the school’s accrued debt in the $1 million to $10 million range, with between 50 and 99 creditors seeking payment, according to Autoweek. “In a difficult yet important step toward becoming a stronger company, Bob … [Read more...] about Bondurant School Files For Chapter 11 Bankruptcy
Japanese safety systems manufacturer Takata has filed for Chapter 11 bankruptcy protection in the United States and for bankruptcy in Japan, in the latest development in the world’s largest automotive safety recall, according to Automotive News. To recap, batches of Takata’s airbag inflators were found to be defective and deployed with too much force, sending metal … [Read more...] about Takata caves under recall, files for Chapter 11 bankruptcy protection in US and bankruptcy in Japan