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KNPR
Las Vegas housing

Nevada bankruptcies amid pandemic lower than Great Recession

Mar 22, 2022

The pandemic may not have hit Nevada as hard economically as the Great Recession, based on bankruptcy filings.

NPR
Shots - Health News
Erica Cuellar, her husband and her daughter moved in with her father in his home early in the pandemic, after she lost her job. She and her husband were worried they wouldn't be able to afford the rent on their house in Houston with only one income. In J

Why helping people pay rent can fight the pandemic

Oct 21, 2021
A family in Houston and a plumber in Maryland couldn't afford rent, which pushed them into crowded living quarters. During the COVID-19 pandemic, that common predicament has increased viral spread.
NPR
National
Signage for Purdue Pharma headquarters stands in downtown Stamford, April 2, 2019 in Stamford, Connecticut. Purdue Pharma, the maker of OxyContin, and its owners, the Sackler family, are facing hundreds of lawsuits across the country for the company's al

As Purdue Pharma Bankruptcy Nears Approval, Family Members Write About The Human Toll

Aug 09, 2021
The Purdue Pharma bankruptcy process has focused on financial compensation to creditors, but court records include heartrending personal letters from families ravaged by Oxycontin.
NPR
World
Sylvia Falkner stands in front of her Berlin pub, Metzer Eck, which has been owned by four generations of the same family since 1913. She is one of thousands of small German business owners struggling to keep their businesses open in an extended pandemic

Germany's Small Business Owners Fight To Survive Amid Fears Of A Wave Of Insolvency

Apr 29, 2021
Germany's pandemic lockdowns have pushed thousands of small businesses toward insolvency. With a government freeze on insolvency rules soon expiring, some economists worry about what may happen next.
NPR
National
The National Rifle Association's annual meeting in 2019 in Indiana. The NRA filed for Chapter 11 bankruptcy Friday, saying it aims to reincorporate as a nonprofit in Texas and leave New York, where the state has filed a fraud suit against it.

NRA Files For Bankruptcy Amid Fraud Suit In New York

Jan 15, 2021
The NRA aims to relocate to Texas, away from the "corrupt political ... environment" of New York. The state's attorney general says officials diverted millions of dollars to their personal expenses.
NPR
Coronavirus Live Updates
Chairs are stacked outside a closed Ruby Tuesday restaurant at Orlando Intercontinental Airport on May 24, 2020.

It's Not Goodbye, But Not Good Either: Ruby Tuesday Declares Bankruptcy

Oct 07, 2020
The chain does "not intend to reopen 185 of their restaurants that were closed during the pandemic," Ruby Tuesday's CEO wrote in a court filing.
NPR
Coronavirus Live Updates
An employee works inside a Jos. A. Bank retail store in San Francisco. The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs.

Unsuitable For A Pandemic? Add Men's Wearhouse, Jos. A. Bank To Bankruptcy List

Aug 03, 2020
The parent company Tailored Brands earlier said it would close up to 500 stores and cut 20% of corporate jobs. It's joined in pandemic bankruptcy by rival Brooks Brothers and a growing list of others.
NPR
Coronavirus Live Updates
A woman walks out of Lord & Taylor's flagship store in Manhattan in June 2018, before the location was closed and the building was sold in 2019.

Lord & Taylor, Oldest U.S. Department Store, Files For Bankruptcy

Aug 02, 2020
The retailer was acquired in 2019 by online clothing-rental startup called Le Tote. It joins a cascade of bankruptcies by major apparel stores, triggered by the doldrums of the coronavirus pandemic.
NPR
Coronavirus Live Updates
An Ann Taylor store in New York City in 2015. Ascena Retail Group, which owns Ann Taylor, Loft and Lane Bryant, has filed for bankruptcy.

Another Bankruptcy At The Mall: Parent Company Of Ann Taylor, Loft Is Latest To Fail

Jul 23, 2020
Ascena Retail Group is the latest clothing seller to try a restructuring during the pandemic when demand has cratered. The firm, which also owns Lane Bryant and Justice, will close some stores.
KNPR
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.

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