Red Lobster voluntarily files for Chapter 11 bankruptcy

(NEW YORK) -- Red Lobster has voluntarily filed for Chapter 11 bankruptcy, according to a recent press release shared with ABC News.The largest seafood chain in the U.S., home to Cheddar Bay biscuits, Lobsterfest, Ultimate Endless Shrimp and more, filed the legal action on... Read More.

What caused the WeWork bankruptcy, and why does it matter?

(NEW YORK) -- WeWork, the office-sharing company that experienced a dazzling rise and sudden decline that came to symbolize the excesses of business startup culture, filed for bankruptcy on Monday.In 2019, the company was valued at $47 billion. By last week, that figure had plummeted... Read More.

Instant Pot, Pyrex maker files for Chapter 11 bankruptcy

(NEW YORK) -- Instant Brands, the parent company of beloved kitchenware and houseware brands like Pyrex glassware and Instant Pot, has filed for Chapter 11 bankruptcy protection.Earlier this week, Instant Brands announced the voluntary court-supervised process in a press release, stating that it will... Read More.

Vice files for bankruptcy amid digital media struggles

(NEW YORK) -- Vice Media, the youth-oriented publisher of prominent online outlets such as Vice and Motherboard, filed for bankruptcy on Monday, underscoring the fraught economic environment for digital media companies as economic growth slows and the advertising market softens.The group of sites, which... Read More.

Bed Bath & Beyond files for Chapter 11 bankruptcy

(NEW YORK) -- Bed Bath & Beyond filed on Sunday for Chapter 11 bankruptcy.The company's 360 stores -- along with its 120 buybuy BABY stores -- are expected to remain open as the retailer begins its bankruptcy restructuring, according to a statement released Sunday.... Read More.