Posted on · A Houston bankruptcy judge says, more often than not, bankruptcy is used to prevent such companies from going out of business completely.
Posted on · Toys R Us filed for Chapter 11 reorganization last fall and pledged to stay open, but had poor sales during the critical holiday season as customers and vendors shied away
Posted on · iHeartMedia, the largest US radio company, has filed for bankruptcy protection, in Houston
Posted on · New York's attorney general filed a civil rights lawsuit against the company two weeks ago, which may have scuttled the deal. Bankruptcy may also hinder plans for a victim compensation fund.