The restructuring plan is expected to eliminate $320 million of debt and reduce interest expenses.

At the time, the airline cited unprofitability and lack of demand as reasons for its shutdown. As first reported by the BankruptcyObserver watchdog, Tailwind Air has now filed for Chapter 11 ...

Creamy Treats Inc., the parent company of a San Francisco-based ice cream shop, has filed for bankruptcy.​ ...

Beyond its complicated debt situation, economic challenges and ongoing litigation worsened Fat’s financial stability.

​Inspired Healthcare Capital, LLC, a senior housing private equity firm, and its affiliates entered Chapter 11 bankruptcy months after major leadership changes.​ ...

Recent years have seen a number of bankruptcy filings from franchisees of major QSR brands, with many citing similar reasons.

Missed obligations and lenders’ demands for immediate repayment have pushed Beverly Hills-based franchiser Fat Brands Inc. and its affiliate, Twin ...

The legacy retailer is preparing a Chapter 11 bankruptcy filing that could shut down more than 200 locations.

Just a year after going public, the parent company of restaurant chain Twin Peaks has filed for Chapter 11 bankruptcy along ...

If you’re a restaurant owner in New York carrying COVID-era EIDL debt and personal guarantees that feel impossible to pay, I have good news: there ...

With so many restaurant chains closing locations nationwide and even filing for bankruptcy, these alarming trends are starting to feel like the new normal. But amid the turbulence, one familiar name ...

The parent companies behind two area restaurant chains have filed for Chapter 11 bankruptcy, citing heavy debt from aggressive acquisitions and cash issues.