In reaching a deal with lenders, the owner of restaurant chains like Twin Peaks and Fazoli’s will get a crucial lifeline ...

Creditors are seeking a Chapter 7-style liquidation, putting some iconic restaurants at risk of closure during ongoing ...

The franchise operator’s board members will also resign while members of Wiederhorn’s family are leaving the company as part ...

From diminishing marketing support to a sale of assets, operators could see changes that impact operations as the Fatburger ...

Genesis HealthCare is asking a federal court for permission to pay nearly $10 million in executive and employee performance bonuses as it navigates the remaining weeks of bankruptcy proceedings.

FAT Brands Inc. may soon be under new ownership as the company prepares to sell all or part of its assets following its ...

Emerson Equity has been to turn over documents to private equity firm Inspired Healthcare Capital related to Inspired’s bankruptcy petition.

Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

The Education and Justice Department released new data on the bankruptcy process for student-loan borrowers. It found that 588 new cases were filed from October 2023 to March, a 36% increase from the ...

In this exclusive interview, Lutheran Life CEO Sloan Bentley shares the story of the organization’s bankruptcy and lessons that may be helpful to other providers. Sloan Bentley could see the writing ...

According to documents filed over the past few days, as part of bankruptcy proceedings, Diamond Comic Distributors has sought approval from the United States Bankruptcy Court for interim and final ...