Saks Global has filed for Chapter 11 bankruptcy, Business Insider reports.

ProPhase Labs Inc. (Nasdaq: PRPH), a biotech firm with plans to build a crypto treasury, announced on Sep. 23 that its three COVID-19 testing lab units have filed for reorganization under Chapter 11 ...

Technological progress in industries has led to the demise of companies and whole business sectors throughout history. A classic example of the collapse of an industry caused by technological ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

The U.S. airline industry faced major financial distress in 2025 with several airlines and aviation services providers filing for bankruptcy protection. Rising operating costs, driven by inflation, ...