chapter 11 bankruptcy

Borders isn't the only retailer hoping for a little financial relief these days. It's been a difficult few years for U.S. retailers and even those that weathered the recession are still at risk of folding, even as the recovery gains momentum. This year could see the end, or at least some very big...

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.

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, which operates grocery stores along the eastern seaboard including Pathmark, Super Fresh, Waldbaum's and Food Emporium. At it's peak in the...

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.

Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.

Bond insurer Ambac Financial Group has filed for Chapter 11 bankruptcy after failing to raise more capital. The company has suffered from the collapse of the housing market and earlier this month warned that bankruptcy might be coming.

Blockbuster's long anticipated bankruptcy filing is apparently headed down the final stretch and could come by the end of the week. One of the cost-cutting moves the video chain is teeing up calls for 500 to 800 additional store closures beyond the nearly 1,000 it previously planned.

General Growth Properties, the nation's second-largest shopping-mall operator, filed a reorganization plan, seeking to emerge from bankruptcy in October with $7 billion to $8.5 billion in new capital, the company announced Tuesday.

The Pasadena Playhouse, a landmark theater that was first opened in 1917, can count itself as yet another victim of the Great Recession. On Tuesday, the venerable theater, located in Pasadena, Calif., filed for Chapter 11 bankruptcy protection. For theater goers in the area, the news isn't...

April Fools' Day may not be so much fun for Borders. The embattled bookseller faces a $42 million payment to its largest investor, Pershing Square Capital, even as it deals with management upheaval, crushing lease agreements and a flagging stock.