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, which involves liquidating assets to clear debts, or ...

Bankrupt Genesis Healthcare Inc. has named Genie 3 Partners the new lead bidder in a second auction for its substantial assets. It replaces a controversial bid by an insider group affiliated with current Genesis investor Joel Landau.

Opinion: Congress and the courts must reform the bankruptcy system to bring it in line with trauma science, basic fairness, and what survivors deserve from a process meant to deliver justice.

Ellucian announced it had completed its acquisition of a Anthology business through a Chapter 11 bankruptcy process.

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 for a simplified bankruptcy process. Legacy North ...

Bankruptcy is certainly not an ideal outcome for any real estate loan. If a project's in trouble, though, bankruptcy has its benefits, even for lenders. Real estate and other lenders know they should dread bankruptcy. If a borrower files bankruptcy, loan ...

[Update as of Oct. 2, 2025] At Home has received approval from the U.S. Bankruptcy Court for the District of Delaware for a restructuring plan that would eliminate substantially all of the retailer’s $2 billion in funded debt. Following a restructuring ...

The Chapter 11 petition seeks to reject the leases for nine cafes and its former roasting plant in Ivy City by Jan. 30 if it cannot renegotiate the agreements.