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The healthcare system filed for Chapter 11 bankruptcy on May 6 and says its hospitals and medical centers will remain open during the bankruptcy process. Show comments Advertisement
Red Lobster officially filed for Chapter 11 bankruptcy in Florida on Sunday, the company said in a statement Sunday night.. The seafood chain has entered into a "stalking-horse purchase agreement ...
The Container Store, one of the largest retailers of organizing solutions, has filed for Chapter 11 bankruptcy. At the time of filing, The Container Store Group reported $243 million in debt.The ...
A few days ago, Steward extended the bid deadline for all of its Florida hospitals to Aug. 26. The hospital sales are part of the healthcare giant’s plan to thin debt after filing for bankruptcy ...
The company filed for Chapter 11 bankruptcy on May 16, 2017, [258] and emerged from bankruptcy in September. [259] On May 2, 2024, rue21 collapsed back into bankruptcy, its second filing since 2017 and third overall, and announced that all 540 of its remaining stores would be shuttered within four to six weeks.
Terms of an employee contract negotiated over years can be eliminated in months through Chapter 11. Terms of the Railway Labor Act, amended in 1936 to cover airlines, prevent most labor union work actions before, during and after an airline bankruptcy. Continental Airlines declared bankruptcy, Chapter 11, a second time in December 1990.