Higher costs for raw materials, rising labor and rent costs, as well as the struggling American consumer have led to numerous ...

OTB Hospitality closed all company-owned locations but franchised restaurants continue to operate independently and aren’t ...

The chain has already closed nearly all of its restaurants and is now in Chapter 7 bankruptcy liquidation.

If you’re trying to make sense of bankruptcy jargon and hoping to understand the differences between the different types of ...

In all those cases, however, service eventually comes back. That’s not what’ happening for customers of RadioLink Internet (RLI), a small ISP serving rural customer which filed for Chapter 7 ...

Short-term rental operator Sonder is going out of business. The company announced on Monday afternoon it would be winding down its operations “immediately.” Furthermore, it plans to file for Chapter 7 ...

Franchisee of a popular seafood fast-food restaurant chain closes a location and filed for Chapter 7 bankruptcy.

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. But while pursuing this type of debt relief can be a smart move in ...

Forbes contributors publish independent expert analyses and insights. Doug Gollan covers private aviation and the business of luxury travel. After shutting down in May 2023, Jet It filed for Chapter 7 ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

An AI startup that clones human voices has entered Chapter 7 bankruptcy, raising new questions about ownership of synthetic ...

Mark Henricks has written on mortgages, real estate and investing for many leading publications. He works from Austin, Texas, where he engages in songwriting, wilderness backpacking, whitewater ...