If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of ...

The chain has already closed nearly all of its restaurants and is now in Chapter 7 bankruptcy liquidation.

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

(RTTNews) - Electric vehicle startup Canoo Inc. (GOEV) announced that it filed a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code. The filing, made with the U.S. Bankruptcy ...

OTB Hospitality, the operating company of On The Border Mexican Grill & Cantina, has voluntarily filed for liquidation under ...

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A leading discount chain wants to change its Chapter 11 bankruptcy to a Chapter 7. The chain has already closed hundreds of stores. Shareholders will receive nothing for their stock. When a company ...

Americans are in a tough spot right now when it comes to debt. According to the latest Household Debt and Credit Report, the total household debt hit $18.2 trillion in Q1 2025, and credit card ...

Canoo Inc. has filed for Chapter 7 bankruptcy, prompting the appointment of a Bankruptcy Trustee to manage the liquidation of its assets, as announced on January 17, 2025. Despite securing contracts ...