In a recent statement, EV startup Canoo revealed that it has filed for Chapter 7 bankruptcy and will "cease operations immediately." The struggling EV startup noted that it failed to secure “foreign ...

Languages: English The retail chain originally filed for bankruptcy in September and has been in the process of getting rid of its underperforming stores since then. Big Lots' financial woes ...

Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues. The company originally ...

Spirit Airlines is slashing about 200 jobs as the budget carrier works to reduce costs following its November Chapter 11 bankruptcy filing. 'We are executing on plans to rightsize our organization ...

A national fabrics and crafts retailer is filing for bankruptcy for the second time within a year. Joann filed for Chapter 11 again on Wednesday, according to CNN, citing struggling sales and ...

The retailer emerged from a previous Chapter 11 bankruptcy process last April after eliminating $505 million in debt. Now, with $615 million in liabilities, the company will begin a court ...

Russia's Bankruptcy: What Could Happen Next? If Russia continues on its current financial path, experts predict severe consequences by 2025. The country could face a shortage of liquid reserves, ...

Joann Fabrics announced that it was declaring Chapter 11 bankruptcy for the second time within a 12-month period as it seeks a buyer to rescue the beleaguered chain. Chapter 11 bankruptcies ...

For the second time in less than a year, Joann Inc. filed for Chapter 11 bankruptcy protection. This time, it's also trying to sell itself to another company in an effort to "maximize the value of ...

Crafts and fabric retailer Joann Inc. filed bankruptcy ... had $615.7 million of funded debt obligations as well as $133 million of trade debt due and outstanding, according to Chapter 11 ...

The fabrics and crafts company, which has been in business for 82 years, announced Wednesday that it is filing for Chapter 11 bankruptcy once again due to slowing sales and issues with inventory.