Chapter 11 Bankruptcy

The list of bankruptcies this year continues to grow. Casual food chain Ruby Tuesday filed for Chapter 11 protection on Wednesday. The Tennessee-based company became just the latest in a string of major brands to file for bankruptcy in 2020 — a year where virtually every...

Private equity firm Sycamore Partners is leading a bidding war to acquire bankrupt J.C. Penney Company, Inc. (OTC: JCPNQ), the New York Post reported Monday. What Happened The New York-based firm has made an offer of $1.75 billion to the veteran retailer, according to the Post. It has also proposed...

Monday's trading action featured at least three companies filing for Chapter 11 bankruptcy. NephroGenex NephroGenex Inc (NASDAQ: NRX), a pharmaceutical company that focuses on the development of treatment for kidney disease, announced it has filed a voluntary petition under Chapter 11 of...

Shares of Energy XXI Ltd (NASDAQ: EXXI) plummeted more than 75 percent early Thursday morning after the company announced that it and some of its subsidiaries have entered into a Restructuring Support Agreement (RSA) with holders of more than 63 percent of its secured second lien 11.0 percent notes...

Shares of KaloBios Pharmaceuticals Inc (NASDAQ: KBIO) have been halted since the company's controversial CEO Martin Shkreli was arrested on fraud charges on December 17. KaloBios has since fired Shkreli and on Monday appealed a decision by the Nasdaq exchange to delist its shares. In the...

When a company files for Chapter 11 bankruptcy, its life as a publicly traded company has not necessarily come to an end. Shares often trade over-the-counter (OTC) while the company undergoes the bankruptcy process. Although the stock trades, holders will mostly likely end the bankruptcy...