Bankruptcy Court Approves Sale Of JCPenneyPlano-based J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a bankruptcy court approved its sale to its two largest landlords and its primary lenders.
JC Penney Sees Bankruptcy Protection Exit By ChristmasJ.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens of thousands of jobs.
Sex Abuse Victims Committee Wants Subpoenas Authorized For Boy Scouts RecordsThe Boy Scouts of America, based in Irving, Texas, sought bankruptcy protection in February in an effort to halt hundreds of individual lawsuits.
JC Penney Landlords Close To Buying Retailer Out Of BankruptcyPenney’s lawyer Josh Sussberg announced the tentative pact, which will save roughly 70,000 jobs, during a brief hearing in bankruptcy court Wednesday.
Some 300 Pizza Hut Locations, Mostly Dine-In, Closing After Franchisee BankruptcyUp to 300 Pizza Hut restaurants will be closed, most of them dine-in locations not well suited for carryout and delivery.
Stein Mart Files For Bankruptcy; Liquidation Underway, Going-Out-Of-Business Sales ComingNational discount department store Stein Mart filed for bankruptcy and has now set about closing most, if not all, of its 280 stores.
Dallas Renegades & 7 Other Teams Can Smell What's Cooking After Dwayne 'The Rock' Johnson Buys XFLDwayne "The Rock" Johnson, RedBird Capital and Dany Garcia teamed up to purchase the XFL for approximately $15 million just hours before the league was set for auction.
Texas-Based Parent Company Of Men's Wearhouse Files For Bankruptcy ProtectionHouston-based Tailored Brands, which owns Men's Wearhouse and Jos. A. Bank, has filed for bankruptcy.
JCPenney Moving Forward With Sale, Attorney Tells Bankruptcy JudgeThe 118-year-old company filed for Chapter 11 bankruptcy protection in mid-May.
Executives With Dallas-Based Neiman Marcus Seek $10 Million In Bonuses During BankruptcyNeiman Marcus is asking a federal bankruptcy court in Texas to allow almost $10 million in pay raises for CEO Geoffroy van Raemdonck and seven other executives.
Oil & Gas Fracking Giant Chesapeake Energy Files For Bankruptcy ProtectionChesapeake Energy, a global energy powerhouse known in North Texas for its pioneer drilling in the Barnett Shale, has filed for bankruptcy protection.