All assets associated with the tag: bankruptcy
New York (CNN) -- WeWork, the beleaguered coworking startup, has filed for bankruptcy protections in federal court.
By Catherine Thorbecke, CNN
New York (CNN) -- Rite Aid filed for Chapter 11 bankruptcy protection Sunday, after being embroiled in legal battles for allegedly filling unlawful opioid prescriptions.
By David Goldman, CNN Business
David's Bridal has found a buyer after filing for bankruptcy earlier this year.
A beleaguered trucking business that received a $700 million pandemic-era loan from the federal government may be forced to file for bankruptcy protection this summer amid a dispute with its union, a development that could leave American taxpayers stuck with a failed company.
Alan Rappeport, New York Times
Silicon Valley Bank was not included in the bankruptcy filing in New York on Friday, but SVB Financial said it had $3.3 billion in unsecured debt and $3.7 billion in stock that could get wiped out in the bankruptcy.
WRAL News is once again teaming up with the North Carolina Bar Foundation for its annual Day of Service.
Avaya, which moved its headquarters to Durham, has filed for Chapter 11 bankruptcy after majority of its lenders agreed to a restructuring plan.
Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses.
Republican Lt. Gov. Mark Robinson on Thursday finished paying off hundreds of dollars in delinquent vehicle tax bills dating back to 2006.
Bryan Anderson, WRAL state government reporter
Experts say that well known brands are at risk, including Serta Simmons, Rodan & Fields and Men's Warehouse.
Tesla CEO Elon Musk mentioned the possibility that the company could file for bankruptcy in a recent interview, despite the carmaker reporting record profits in recent quarters.
Here's a look at how North Carolina members of Congress voted during the past week.
Targeted News Service
Washington Prime Group, a major mall owner of more than 100 locations across the United States, filed for bankruptcy, citing pandemic-related shutdowns.
By Jordan Valinsky, CNN Business
In a move that the company says will strengthen the company, Avadim Health has entered a "stalking horse sale agreement" with its lender and will file for Chapter 11 bankruptcy.
If situations don't improve many could be headed for bankruptcy, and those people should strategize now.
Monica Laliberte, WRAL executive producer/5 on Your Side reporter
A push for changes to bankruptcy law would simplify the process to make it easier for people to get back on their feet.
Monthly bills remain a struggle for many families. As COVID relief programs run out, bankruptcy could be the only option.
The North-Carolina based company will have a hearing for emergency relief on Wednesday.
The federal government has doled out $9 billion in unemployment benefits and more than $1 billion in forgivable business loans in North Carolina in the past year to help families and businesses weather the coronavirus pandemic. The government parachute appears to have worked, as the fewest bankruptcies were reported nationwide in 34 years.
Cullen Browder, WRAL anchor/reporter
The North Carolina-based company has entered into a restructuring agreement with its majority owner, Sycamore Partners.
Kevin Kuzminski, WRAL multiplatform producer
Cici's, a restaurant chain best known for its pizza buffets, has filed for bankruptcy.
Several couples who had booked the Preston Woodall a bed and breakfast wedding venue said they lost their life savings. One couple was supposed to be married at the venue in a few weeks, but now their plans are falling apart.
Kirsten Gutierrez, WRAL reporter
Following the closure of two Triangle restaurants, Winston Salem-based K&W Cafeterias has filed for bankruptcy.
Kathy Hanrahan, Out and About editor
Would you just throw away $20 or $50? Of course not. But, many people do with gift cards. It's estimated unused ones add up to about $20 billion nationwide.
