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One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
Red Lobster has filed for bankruptcy, a week after 50 locations throughout the country closed. At least eight of those locations were in Texas. At least eight of those locations were in Texas.
On the heels of closing scores of locations in recent weeks, Buca di Beppo has filed for Chapter 11 bankruptcy in a Texas district court, court documents filed Monday show. The company blamed its ...
Companies that filed for Chapter 11 bankruptcy in 2018 (1 C, 107 P) Companies that filed for Chapter 11 bankruptcy in 2019 (92 P) Companies that filed for Chapter 11 bankruptcy in 2020 (189 P)
Why Fridays Is Filing for Chapter 11. TGI Fridays Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial ...
Texas two-step proponents, like Johnson & Johnson and its lawyers, have argued that Texas two-steps are not inherently bad-faith, and that in the context of mass-tort litigation bankruptcy is fairest way to address large numbers of personal injury claims. Unlike in traditional courts hearing cases brought by many different people, bankruptcies ...