Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, which involves liquidating assets to clear debts, or ...

The Chapter 11 bankruptcy filing by Saks Global Enterprises on Jan. 13 has raised questions among shoppers and vendors about the future of the luxury retailer’s stores. Its biggest chains include Saks Fifth Avenue,

The company will use bankruptcy process — and $150 million in fresh capital — to restructure its debt and operations.

Ellucian announced it had completed its acquisition of a Anthology business through a Chapter 11 bankruptcy process.

Bankruptcy is certainly not an ideal outcome for any real estate loan. If a project's in trouble, though, bankruptcy has its benefits, even for lenders. Real estate and other lenders know they should dread bankruptcy. If a borrower files bankruptcy, loan ...

The Chapter 11 petition seeks to reject the leases for nine cafes and its former roasting plant in Ivy City by Jan. 30 if it cannot renegotiate the agreements.