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Newscast headlines

Cirque Du Soleil Files For Bankruptcy Protection

Jun 30, 2020

Cirque du Soleil, which has six shows on the Strip, has filed for bankruptcy protection, the Las Vegas Review-Journal reports.

The company is based in Montreal and is seeking a debt restructuring protection under Canada’s Companies’ Creditors Arrangement Act, it announced Monday. 

NPR
Coronavirus Live Updates
Bankrupt Pier 1 could not find a buyer during the coronavirus pandemic. Now it's asking the bankruptcy court to approve a complete liquidation of the chain.

Home-Decor Retailer Pier 1 Looks To Close For Good

May 19, 2020
Three months after filing for bankruptcy, Pier 1 said it plans to liquidate as soon as it can reopen stores that have been closed because of the coronavirus pandemic.
NPR
Coronavirus Live Updates
J.Crew said it hopes the bankruptcy filing will help it get its finances in order while it keeps running, though for now under COVID-19 restrictions.

J.Crew Bankruptcy Filing May Not Be The Last For Retailers Slammed By Pandemic

May 04, 2020
The clothing retailer's troubles predate the health crisis. Other stores, like J.C. Penney and Neiman Marcus, are also struggling to survive extended closures.
NPR
Boy Scouts of America
Faced with hundreds of sexual abuse lawsuits, the Boy Scouts of America filed for bankruptcy.

Boy Scouts Of America Files For Bankruptcy As It Faces Hundreds Of Sex-Abuse Claims

Feb 17, 2020
The Boy Scouts of America has $1.4 billion in assets. The organization says it will use the Chapter 11 process to create a trust to provide compensation for victims.
NPR
Your Money
Many Americans who get overwhelmed by student loan debt are told that student debt can't be erased through bankruptcy. Now more judges and lawyers say that's a myth and bankruptcy can help.

Myth Busted: Turns Out Bankruptcy Can Wipe Out Student Loan Debt After All

Jan 22, 2020
Many Americans who get overwhelmed by student loan debt are told student debt can't be erased through bankruptcy. Now more judges and lawyers say that's a myth and bankruptcy can help.
NPR
National
California Gov. Gavin Newsom on Friday rejected a restructuring plan from the state's largest utility Pacific Gas and Electric.

California Rejects State's Largest Utility's Bankruptcy Plan

Dec 14, 2019
Gov. Gavin Newsom wants to expedite the beleaguered PG&E bankruptcy case in time for next year's wildfire season. But Newsom said the utility's plan "falls woefully short" of what is needed.
NPR
National
Family and friends who lost loved ones to OxyContin and opioid overdoses left pill bottles in protest outside the Stamford, Conn., headquarters of Purdue Pharma in August 2018.

Partisan Divide Grows Over Opioid Settlement Plan

Oct 20, 2019
While most Republican attorneys general embrace Purdue Pharma's structured bankruptcy plan, all but two Democratic attorneys general reject it. "This is a moral issue for them," one expert says.
NPR
Business
Forever 21, an early player in the fast-fashion movement, filed for Chapter 11 bankruptcy protection.

Nothing Lasts, Forever 21 Discovers, As Another Clothing Chain Files For Bankruptcy

Sep 30, 2019
The popular fashion retailer is the latest in a long list of brands to fall victim to online retailers and less foot traffic in malls. The company said it may close up to 178 U.S. stores.
NPR
Embedded
Senate Majority Leader Mitch McConnell listens as President Trump speaks to reporters following a meeting at the White House in October 2017.

'You May Need The Money More Than I Do': McConnell Once Returned Trump's Donation

Jul 11, 2019
In 1990, Mitch McConnell returned a $1,000 campaign donation from Donald Trump, who was in severe financial trouble. It's a view into a complicated relationship between two very different politicians.
NPR
Shots - Health News
<em></em>R. Alan Pritchard, one of two attorneys for Methodist Le Bonheur Healthcare, heads into Shelby County General Sessions Court Wednesday in Memphis. He asked the court to drop more than two dozen cases as the hospital reviews its collection polici

Memphis Hospitals Suspend Debt Collection Suits, Including Suits Against Employees

Jul 03, 2019
After an investigation by journalists found the Methodist hospital system had filed 8,300 lawsuits in five years, the hospital announced it will be "reviewing" its policies in the next 30 days.
NPR
Shots - Health News
An employee at a Methodist University Hospital is being sued by her employer for unpaid medical bills incurred before they hired her.

A Tennessee Hospital Sues Its Own Employees When They Can't Pay Their Medical Bills

Jun 28, 2019
A nonprofit hospital network in Memphis has taken its own workers to court over unpaid medical bills. Some of them earn as little as $12.25 an hour but still see their wages garnished.
NPR
Politics
U.S. Sen. Elizabeth Warren participates in a reenacted swearing-in with U.S. Vice President Joe Biden in the Old Senate Chamber at the U.S. Capitol January 3, 2013.

Democratic Presidential Debates Could Reignite Warren-Biden Bankruptcy Fight

Jun 11, 2019
What a testy 2005 fight between Harvard professor Elizabeth Warren and Delaware Senator Joe Biden can tell us about the two 2020 presidential candidates
NPR
Shots - Health News
At least 43 million Americans have overdue medical bills on their credit reports, according to a 2014 report on medical debt by the federal Consumer Financial Protection Bureau.

Mired In Medical Debt? Federal Rule Changes Proposed For Bill Collectors

May 29, 2019
More than half of Americans contacted about an overdue bill said it related to medical debt. Some consumer advocates say newly proposed limits on debt collectors don't do enough.
NPR
Business
Firefighters battle flames at a burning apartment complex in Paradise, Calif., in November. State fire officials say power lines coming into contact with trees have sparked multiple Northern California wildfires in recent years. PG&E filed for bankruptcy

California Power Provider PG&E Files For Bankruptcy In Wake Of Fire Lawsuits

Jan 29, 2019
The utility is facing billions of dollars in legal liability for fires caused by its equipment. PG&E filed for Chapter 11 bankruptcy, which would let it restructure its debts.
NPR
Sports
USA Gymnastics says filing for bankruptcy gives it "the opportunity to reorganize."

USA Gymnastics Files For Chapter 11 Bankruptcy

Dec 05, 2018
USAG says the filing will help resolve claims against it by athletes who allege abuse by former team doctor Larry Nassar. But bankruptcy may disrupt the pending legal actions against the organization.
NPR
Shots - Health News
The air ambulance can hold just four people: a pilot, a patient, a nurse and an EMT.

Will Congress Bring Sky-High Air Ambulance Bills Down To Earth?

Sep 26, 2018
Medevac helicopter companies are on the congressional radar, as a funding bill for the Federal Aviation Administration nears passage. Consumer protections against deceptive practices could become law.
KNPR
KNPR's State of Nevada

Older Nevadans And Their Plight Of Financial Insecurity

Aug 26, 2018

Many of us at one time or another have been in financial tight squeeze. It can happen at any time in life. For a certain demographic – those over 60 – financial troubles can be catastrophic and difficult to overcome.

NPR
National
Brookstone's airport stores, like this one located in Miami International Airport, will remain open.

Brookstone Files For Bankruptcy, Plans To Close Mall Stores

Aug 02, 2018
The retailer known for massage chairs and other gadgets plans to keep its airport stores. It first filed for bankruptcy in April 2014.
NPR
National
The Justice Department has ended the $61 million contract for 2020 census forms that the U.S. Government Publishing Office awarded to the now-bankrupt printing company Cenveo, which has already produced materials for this year's census test run.

Bankrupt Contractor Will Get $5.5 Million For Not Printing 2020 Census Forms

Jul 30, 2018
Less than two years before the start of the 2020 census, the U.S. government is looking for a new printer after cancelling its $61 million contract with bankrupt company Cenveo.
NPR
The Salt
Workers sort NECCO Wafers at the New England Confectionery Co. in Revere, Mass. The Ohio-based Spangler Candy Company made the winning bid for NECCO, which filed for bankruptcy in early April.

Saved In The NECCO Time! Bankrupt Candy Company Sold At Federal Auction

May 24, 2018
The 171-year-old New England Confectionery Co. — known for its iconic wafers and Valentine hearts with witty phrases — was sold to the family-owned Ohio-based Spangler Candy Company for $18 million.
NPR
The Two-Way

Investor Group Has Deal To Buy Weinstein Co., Start New Movie Studio

Mar 01, 2018
The group says the new company will be led by a majority-female board of directors. The firm had been in turmoil over allegations of sexual harassment and abuse against ex-Chairman Harvey Weinstein.
NPR
The Two-Way

Weinstein Co. Will File For Bankruptcy After Sale Talks Collapse

Feb 26, 2018
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.
KNPR
Newscast headlines

Investors Claim SLS Las Vegas On Verge Of Bankruptcy

Dec 08, 2017

A group of Chinese investors are alleging The SLS Las Vegas hasn’t turned a profit since opening in 2014 and is on the verge of bankruptcy, according to a lawsuit filed in Los Angeles County this week.

NPR
The Two-Way
A bankruptcy court judge approved a plan for Toys R Us to pay its top executives millions in bonuses, even as the company struggles to stay afloat.

Struggling Toys R Us Plans To Pay Executives Millions In Bonuses

Dec 07, 2017

The nation's largest toy retailer filed for bankruptcy in September but said it wants to motivate its top brass to turn around sales in the critical holiday shopping season.

NPR
The Two-Way
The Toys R Us Times Square Holiday Shop held its grand opening last month in New York City. The largest U.S. toy store chain filed for bankruptcy protection late Monday, but most stores are operating as usual.

Ahead Of The Holiday Season, Toys R Us Files For Bankruptcy Protection

Sep 19, 2017
The largest U.S. toy chain filed for Chapter 11 bankruptcy protection late Monday. Toys R Us plans to use $3 billion in bankruptcy financing to buy merchandise from vendors and fund operations.

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