Chapter 11 bankruptcy

Jeff Chiu/AP, file
AP News
September 17, 2019 - 7:49 am
Purdue Pharma gets its day in court after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits. Read what to expect here.
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This Oct. 15, 2018 file photo shows a sign for a Sears Outlet department store is displayed in Norristown, Pa.
Matt Rourke/AP Photo, File
January 16, 2019 - 8:52 am
By Anne D'Innocenzio, AP Retail Writer NEW YORK (AP) — Sears will live on — at least for now. The company's chairman and largest shareholder and chairman, Eddie Lampert, won a bankruptcy auction for Sears in New York, averting liquidation of the iconic chain, according to a source familiar with the...
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Larry Nassar
AP Photo/Paul Sancya, File
December 05, 2018 - 4:27 pm
USA Gymnastics is turning to bankruptcy in an effort to ensure its survival. The embattled organization filed a Chapter 11 bankruptcy petition on Wednesday as it attempts to reach settlements in the dozens of sex-abuse lawsuits it faces and to forestall its potential demise at the hands of the U.S...
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James Candy Company
Diane Stoneback/Allentown Morning Call/MCT/Sipa USA
David Madden
November 17, 2018 - 4:15 am
ATLANTIC CITY, N.J. (KYW Newsradio) — The company behind a tasty Jersey shore candy favorite has filed for Chapter 11 bankruptcy protection in Camden federal court. But that doesn't mean it’s going away — actually, far from it. You might not recognize the James Candy Company, but Fralinger’s Salt...
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