When you file for bankruptcy, you’re basically telling a federal court that you can’t afford your debts and you need ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...

A shuttered Kentucky distillery must file a plan to come out of bankruptcy by the end of Oct. 28. Luca Mariano Distillery in ...

CVS Health subsidiary Omnicare has filed for Chapter 11 bankruptcy protection two months after the long-term care business ...

After filing for bankruptcy less than a year ago, Spirit Airlines is going through the same process again after a failed reorganization of the struggling discount airline, the company said Friday. The ...

Over the course of the restructuring, Rite Aid closed hundreds of additional stores, leaving it with a footprint of about ...

Chapter 7 of the bankruptcy code, under which Iron Hill filed, provides for liquidation — the sale of a debtor’s nonexempt ...

Rite Aid has officially closed all its stores after announcing in May 2025 that the company filed for Chapter 11 bankruptcy ...