Fisker filed for bankruptcy protection late on Monday, as the U.S. electric-vehicle maker looks to salvage its operations by selling assets and restructuring its debt after burning through cash in an attempt to ramp up production of its Ocean SUVs. …
Drugmaker Mallinckrodt said Wednesday it expects to file for a second bankruptcy in the coming days, after reaching a debt reduction deal that would cut $1 billion from the amount it owes to victims of the opioid crisis. The agreement …
Mallinckrodt on Tuesday said it was preparing to seek bankruptcy protection for the second time in three years after struggling to make a required $200 million settlement payment to opioid victims. The drugmaker, one of the largest makers of opioids, …
The holding company for the insolvent FedNat Insurance Co. has filed for bankruptcy after an increase in severe weather events in the state weighed on its balance sheet, Bloomberg News reported. The company filed for Chapter 11 bankruptcy in Fort …
There’s an unusual asset up for grabs in Century 21 Stores’ going-out-of-business sale: a stake in its long-shot legal fight against insurers. The New York department store company, which filed for bankruptcy in September, claims it’s owed more than $175 …
A 47-year-old man who was injured when an industrial warehouse in Houston exploded last month has died, his family’s attorney said on Feb. 7, but officials declined to immediately add his name to the list of fatalities caused by the …
A company filed for bankruptcy on Feb. 6 in the wake of a massive explosion at one of its warehouses in Houston that killed two workers, injured 20 more and damaged hundreds of buildings. Watson Grinding and Manufacturing said it …
The Sioux Falls company that was remodeling the Copper Lounge building when it collapsed in December 2016 has filed for bankruptcy protection. The Argus Leader reports Hultgren Construction’s Chapter 11 filing will enable the company to reorganize as it faces …
Hartford, Connecticut’s fiscally distressed capital city, will get a much-needed lifeline after its city council on Monday approved a deal to have the state pay its debt. The accord, part of a broader oversight plan that state lawmakers agreed to …
