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For many Americans, your local Red Lobster may be a thing of the past. The seafood chain closed dozens of restaurants ahead of an announcement last week that it was filing for Chapter 11 bankruptcy in ...

Leaders should always be prepared to navigate the potential complexities of financial distress. As a final recourse, Chapter 11 bankruptcy can be a lifeline for companies facing insurmountable debts, ...

Chapter 11 plans that propose to extinguish existing equity interests because the estate does not have any value remaining after the payment of creditor claims are common. The Bankruptcy Code's ...

A failed turnaround pushes the broadcaster out of Chapter 11, raising questions about the fate of its stations.