Jan 2 (Reuters) - Rising interest rates, inflation, higher labor costs, and post-pandemic shifts in consumer spending were common factors cited by companies that filed for bankruptcy in 2024.

Canoo, an EV startup founded in 2017, has filed for Chapter 7 bankruptcy and has ceased operations. The downfall came after the company failed to secure funding from both the U.S. Department of ...

U.S. Bankruptcy Judge Stacey Jernigan approved the sale at a court hearing in Dallas, Texas, saying that it would help preserve a well-known American brand. "I'm glad that TGI is going to continue ...

The company helping Big Lots through its bankruptcy process is selling the leases of more than 460 Big Lots stores across the U.S. – a sign those stores are among those likely to be closing.

The national retail chain announced this week that it is declaring bankruptcy for the second time in a year. The company that saved some Big Lots stores might be the new buyer. Here's what we know.

The deal to sell three Connecticut hospitals to Yale New Haven Health is on hold as owner Prospect Medical Holdings begins the bankruptcy process. A judge will have to decide when and if the ...

The company filed for bankruptcy last month, and announced nearly all its 850 locations throughout the country would close. This comes a little more than a year after the company emerged from a ...

Party City Holdco Inc., the company which owns Party City, filed for Chapter 11 bankruptcy on Dec. 21. The bankruptcy means Springfield's Party City, 3329 S. Veterans Parkway, will be closing.

Melt Bar & Grilled, the Cleveland, Ohio-based grilled cheese concept, has permanently shut down six months after filing for Chapter 11 bankruptcy protection. Owner Matt Fish made the announcement ...

The North Texas-based retailer has filed for bankruptcy protection but said it plans to move swiftly through the restructuring process, with tens of millions in new financing already lined up.

Earn up to 10% cash back on everyday purchasesFiling for bankruptcy can cause your credit score to drop dramatically, but you won't need to suffer from bad credit forever. Depending on the type of ...