Chapter 11 bankruptcy, one of the most complex forms of bankruptcy under U.S. law, allows a company that is near failure to restructure operations to stay in business rather than simply liquidate all ...

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, ...

Discount carrier Spirit Airlines, overwhelmed with continuing financial difficulty, returned to bankruptcy court in a second bid to rehabilitate its business reorganization under Chapter 11 protection ...

Residential real estate downturns have led to financial distress and decreased sales for furniture retailers. Multiple furniture chains filed for Chapter 11 bankruptcy in 2025. Furniture chains close ...

Rite Aid is coming out of Chapter 11 bankruptcy after closing over 100 stores this year. The pharmacy chain has closed 131 stores in 2024 since it first filed for Chapter 11 bankruptcy in October 2023 ...

Could your debt be reduced or forgiven? Take our financial relief quiz. Some business owners and individuals with large amounts of debt turn to Chapter 11 bankruptcy to restructure what they owe and ...