Bankruptcy & Restructuring News & Analysis
Bankruptcy & Restructuring News Headlines for Wednesday May 14, 2025
Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Wednesday May 14, 2025.
Bankruptcy & Restructuring News Headlines for Tuesday May 13, 2025
Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Tuesday May 13, 2025.
Bankruptcy & Restructuring News Headlines for Monday May 12, 2025
Here are the bankruptcy, distressed debt and corporate restructuring stories that we are reading this morning, Monday May 12, 2025.
JOANN Files Liquidation Plan in Second Bankruptcy Case
JOANN Inc., the once-dominant fabric and craft retailer, is liquidating its assets after filing its second bankruptcy in less than a year. The company's disclosure statement reveals how inventory challenges and vendor issues caused its post-emergence business plan to collapse just months after its April 2024 exit from an earlier Chapter 11 case
Rite Aid Designates 68 Additional Stores for Closure in Chapter 11 Proceedings
Rite Aid has designated 68 additional stores for closure as part of its Chapter 11 bankruptcy proceedings, expanding its previously announced store closing plans. The pharmacy retailer, which filed for bankruptcy on May 5, 2025, is working with liquidation specialists SB360 and Hilco to manage the store closings across Pennsylvania, California, and several other states