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.
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.
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.
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.
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.
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.
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.
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.
What a testy 2005 fight between Harvard professor Elizabeth Warren and Delaware Senator Joe Biden can tell us about the two 2020 presidential candidates
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Roughly 300 health care systems around the country have set up medical-legal collaborations to help patients solve legal problems that can affect their health — at little or no cost to the patients.
The territory, which is ineligible for bankruptcy, filed to begin a similar procedure tailor-made for its more than $70 billion debt crisis, which is likely to dwarf Detroit's 2013 Chapter 9 filing.
The island has been struggling with a massive debt burden for nearly two years, and protection from lawsuits are about to expire. An oversight board could initiate a bankruptcy-like process.
