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

The owner of restaurant chains like Twin Peaks and Round Table Pizza is making progress in mediation with lenders and creditors and plans an ...

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.

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, ...

From retail to restaurants, prices are rising, and it’s hard for customers to keep up. People are going out to eat less, or they’re choosing cheaper restaurants when they do. That’s taken a toll on ...

Editor’s note: This story has been updated to include comment from PACS. A nursing home company has revealed it previously transferred operations of 18 Ohio nursing homes to PACS Group, paving the way ...

Eddie Bauer plans to close 174 brick-and-mortar stores across the U.S. and Canada after failing to find a buyer during bankruptcy proceedings. The ...

LOS ANGELES, CA - Californians facing unmanageable debt may find relief through Chapter 7 bankruptcy, a legal process ...

Luxury movie theater chain iPic Theaters has filed for Chapter 11 bankruptcy reorganization, vowing to try to return to ...