Bankruptcy

A European intelligence report highlights strain on Russia's banks due to the Ukraine war, while experts suggest a full-blown crisis is unlikely. The article notes half a million Russians have gone bankrupt amid the conflict.

Russia is experiencing an 'explosive banking crisis' with half a million bankruptcies reported in a year, alongside petrol shortages causing widespread mayhem. Spies have revealed these developments as critical issues.

Saks Global has exited bankruptcy with $500M in financing and is restructuring through store closures, workforce reductions, and a strategic shift toward luxury retail and service. ABC News' Michelle Franzen and retail analyst Hitha Herzog analyzed the company's transformation.

Hooters has gone bust in several states following bankruptcy and a 'family-friendly' rebranding effort. The closures indicate financial struggles despite the company's attempt to shift its brand image.

Saks has exited bankruptcy and will now operate as Exemplar Luxury Group, shifting its focus to luxury retail. The company's new name reflects its strategic rebranding efforts.

Camp Mystic filed for bankruptcy nearly a year after flooding caused 25 camper deaths, two teenage counselor deaths, and the death of the camp's owner. The disaster occurred a year prior to the bankruptcy filing.

Camp Mystic in Texas filed for bankruptcy following catastrophic floods that resulted in 28 deaths. The camp notified the Texas Department of State Health Services it is withdrawing its application for a 2026 summer camp license.

Camp Mystic filed for bankruptcy nearly a year after catastrophic floods in Texas that killed 28 people at the summer camp. The floods occurred in Texas, resulting in significant loss of life and leading to the camp's financial collapse.

Camp Mystic, where 28 people died in Texas floods, has filed for bankruptcy. The camp is located in Texas and the bankruptcy filing was reported in December 2025.

Spirit Airlines is reducing its fleet size and introducing premium seats following bankruptcy. However, increasing operational costs and intensified competition pose significant risks to its recovery efforts.

A co-branded Bed Bath & Beyond store is opening in Colorado as part of a wave of combined stores in nearly a dozen U.S. cities. The stores feature two once-prominent brands that previously filed for bankruptcy.

Hundreds of Hawaii homeowners are facing financial strain as ATTYX Solar's bankruptcy left their solar systems unactivated, requiring them to pay both electric bills and monthly loan payments.

An outdoor retailer, one of America's biggest, has filed for bankruptcy after nearly 60 years in business, causing heartbreak among its fans.

Simad Holdings, a major US Jewish summer camp operator, has filed for bankruptcy. Despite this, overnight and day camps owned by the company state their programs will proceed as scheduled for the upcoming season.

On The Border Mexican Grill & Cantina is closing all company-owned locations by Friday, following a bankruptcy filing in 2025 and acquisition by Pappas Restaurants. Franchises in California, Florida, Nevada, South Dakota, and South Korea will remain open independently. The company is evaluating future strategic options for the brand.

Tommy Hilfiger filed for bankruptcy and rejected an opportunity with Calvin Klein before manually delivering his designs to stores, eventually achieving success. The article highlights his perseverance in turning obstacles into opportunities to realize his American dream.

A couple in Colchester County, Nova Scotia, is facing potential bankruptcy due to an unfinished home renovation project. Other clients of the same contractor are also reporting similar issues, indicating a broader pattern of problems.

A lecherous equity boss was ordered to pay £100k to a female executive he nicknamed 'candy toes' but declared bankruptcy before fulfilling the compensation. The case highlights legal and financial consequences of workplace misconduct.

Spirit Airlines, after 33 years of operation, has declared bankruptcy and canceled all flights immediately. The airline is failing to assist stranded passengers as it winds down its operations.

Spirit Airlines, bankrupt and ceasing operations after 33 years, has canceled all flights immediately and failed to assist stranded passengers during its wind-down process.

West Marine, a retail company, is preparing for potential bankruptcy and plans to close its stores. The article mentions a specific store location in Spring Hill, Florida, as part of this process.

A Home Depot rival has closed all 15 of its stores and declared bankruptcy, primarily due to consumers' reluctance to spend. The company's financial collapse highlights challenges in the retail sector amid shifting consumer behavior.

A creditor of First Brands has sued auditor BDO for failing to detect red flags before the company's collapse. Patrick James, founder and former CEO of First Brands, and his brother Edward, a former executive, were indicted in New York following the bankruptcy of the auto-parts maker last year.

A rival of TGI Fridays has closed all locations after its owner filed for bankruptcy. The shutdown marks a significant loss in the casual dining sector.

The International Association of Machinists and Aerospace Workers (IAM) union demands that any federal relief for bankrupt Spirit Airlines must protect employees by preventing furloughs, layoffs, and burden-shifting.

Bed Bath & Beyond is returning to California with 12 combined stores featuring The Container Store format after filing for bankruptcy and closing all locations in 2023. The move is part of a broader chainwide restructuring strategy.

Sen. Ted Cruz criticized the Trump administration's potential bailout of Spirit Airlines, calling it a 'terrible idea.' Bloomberg reported the deal could grant the administration up to 90% ownership of the airline, which has filed for bankruptcy twice.

The Trump administration is negotiating a $500 million rescue deal to help Spirit Airlines avoid bankruptcy amid rising fuel costs, though the plan is not yet finalized. A source confirmed to NBC News that the potential agreement aims to stabilize the budget airline ahead of the summer travel season.

The Trump administration is considering a rescue deal for Spirit Airlines, which filed for bankruptcy twice in the past two years. President Trump, Transportation Secretary Sean Duffy, and Commerce Secretary Howard Lutnick met to discuss a plan to revive the airline.

Spirit Airlines has filed for bankruptcy protection twice but has not confirmed liquidation. Experts suggest rising fuel costs could force the company to permanently shut down, potentially impacting the broader airline industry.

The ex-CEO and ex-CFO of a bankrupt AI company have been charged with fraud. The case involves allegations of financial misconduct linked to the company's collapse.

QVC Shopping Channel has filed for bankruptcy to reduce $5 billion in debt. The company operates QVC and HSN television channels, known for selling products like kitchen appliances and luggage.

Spirit Airlines faces potential liquidation amid soaring jet fuel costs driven by the Iran war, which have nearly doubled this year. Creditors question the airline's ability to meet debt obligations or achieve profitability after it filed for bankruptcy last year.

US hospitals are exiting bankruptcy but facing renewed financial struggles. Coral Gables Hospital in Florida exemplifies this pattern of recovery followed by instability.

Prospect Medical, a for-profit hospital chain, collapsed due to financial mismanagement, including failing to set aside funds for malpractice insurance, leaving patients like Pamela Dorn without recourse after her husband's death from alleged hospital negligence. The company's bankruptcy in 2025 exposed systemic risks of self-insuring against malpractice claims.