Chapter 11

Sbarro Again Files for Bankruptcy

Sbarro says it's filing for Chapter 11 reorganization, marking the struggling pizza chain's second trip through bankruptcy court in less than three years.

Penthouse Publisher Files for Bankruptcy

FriendFinder Networks, publisher of Penthouse and owner of numerous adult websites, files for chapter 11 bankruptcy, after losing money for at least five years.

Why Bankrupt W.R. Grace is Thriving

A company stuck in bankruptcy for 12 years may not seem like much of a catch, but investors have fallen in love with U.S. specialty chemical manufacturer W.R. Grace.

Atari U.S. Files for Chapter 11 to Separate from French Parent Company

Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France. Atari says the move is necessary to secure investments it needs to grow in mobile and downloadable video games.

How Dewey & LeBoeuf Became the Biggest Law Firm Bankruptcy Ever

Dewey & LeBoeuf was one of the world's great law firms, with 1,300 attorneys on five continents and revenues in excess of $900 million a year. This makes its bankruptcy quite simply the largest law-firm failure ever. So how did it manage to go broke?

9 Big Companies That Will Disappear in 2012

As surprising as it may seem to many of us when large corporations with familiar brands vanish suddenly from the scene, it happens. Major companies like Saab, Borders, and Countrywide -- just to same a recent few -- are now history. Who's next? Read on ...

Son of a 'Kodak Man' Recalls the Good Times and Bad

Once, Kodak was one of the world's most recognized brands -- it's little yellow film boxes were everywhere. Now the the film is a relic, and the company that benignly ruled Rochester, N.Y., for a century is in Chapter 11. A Kodak kid reminisces:

Eastman Kodak: This Stock Is Probably Going to Zero

In the wake of Eastman Kodak's bankruptcy filing, some speculators will be tempted in the coming days to nibble on the company's battered shares. But if you know what's good for your portfolio, you'll stay away.

How Safe Are Your Frequent Flier Miles?

If you're a fan of frequent flier miles, and the carrier you fly most goes bust, what should you do? Stick with the airline, or make a change? And what about your points? Are they still worth anything? Don't worry, American Airlines loyalists -- the answers aren't as dismal as you might expect.

Filene's Files for Bankruptcy, Just In Time for Holidays

Be on the look out for going-out-of-business sales at a Filene's Basement near you. The Massachusetts-based discount retailer announced Wednesday morning that it has filed for bankruptcy -- for the third time -- and plans to close its 21 discount stores in the next few months.

Donald Trump's Legacy: Kids Who Aim to Think Big

Eric Trump started getting a taste of the family business at young age, tagging along with his real estate and hotel tycoon father, Donald Trump. That early immersion set the stage for Eric's involvement with the Trump Organization as an adult, and his desire to follow in his father's footsteps.

Five Key Tips for Life After Bankruptcy

Rebuilding your life after bankruptcy %u2013 including your credit rating, finances and your emotional well-being %u2013 can sometimes seem like an overwhelming task. But if you've recently filed for Chapter 7 or Chapter 13, it's important to realize that there really is life after bankruptcy.

Sharper Image Wants to Repay Gift Card Holders

Like a spirit from beyond the grave, bankrupt Sharper Image Corp. is back and searching for its former gift card holders. But this is a benevolent ghost: Its mission is to start the process of finding and reimbursing them.

Borders Files for Chapter 11

The inevitable has finally happened: Borders Books filed for Chapter 11 bankruptcy protection today. The nation's second largest bookseller plans to...

Bankruptcies: Could 2011 Be Even Better Than 2010?

In another bit of good economic news, the list of U.S. business bankruptcies will likely get shorter, and probably less distinguished, in 2011, just as it did this year. Still, several factors beyond an improving economy are also at play here.

A&P Files for Bankruptcy

The Great Atlantic & Pacific Tea Co., better known as A&P, has filed for Chapter 11 bankruptcy protection. It's been a long slow decline for...

A&P Files for Chapter 11 Bankruptcy Protection

The Great Atlantic & Pacific Tea Co. (GAP), once the largest grocer in the United States, filed for Chapter 11 bankruptcy protection. The company filed for protection in White Plains, N.Y., listing total debts of more than $3.2 billion and assets worth about $2.5 billion, The Associated Press reported.

National Enquirer Parent Files for Bankruptcy

It's not just mainstream news publications that are have difficulty surviving in the recession. American Media, the parent of tabloids the National Enquirer and Star, filed for Chapter 11 bankruptcy protection Wednesday.

If You Can't Afford Your Student Loans, Don't Borrow More

On a recent Today Show Money 911 segment, a caller said she'd filed for bankruptcy -- but that didn't free her from her student loans. She then asked how bankruptcy would affect her ability to get more student loans. Clearly, she isn't learning the right lesson from Chapter 11.

Two Lehman Brothers Units Need Help to Avoid Failing

Lehman Brothers Holdings, the once great Wall Street firm that went bankrupt at the height of the financial crisis, says it will have to pour hundreds of millions of dollars into two struggling units to avoid failures that could cost the investment bank billions.