Genesis HealthCare is asking a federal court for permission to pay nearly $10 million in executive and employee performance bonuses as it navigates the remaining weeks of bankruptcy proceedings.

After failing to find a buyer for its retail portfolio, the company will shut down and liquidate all 174 stores.

Bankruptcy can offer a fresh financial start, but there are complex rules on how often you can file for relief.

Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

Luxury movie theater chain iPic Theaters has filed for Chapter 11 bankruptcy reorganization, vowing to try to return to ...

The commercial real estate industry has spent the past two years bracing for the next wave of loan losses as elevated interest rates collided with loan maturities. Instead of a wave of payoffs, many ...

Founded in 2010, iPic built its reputation on a luxury moviegoing experience. Customers could enjoy reserved recliner seats, cozy blankets and pillows, and an upscale menu featuring items like ...

Bankruptcy might buy a company more breathing room financially, but it does not fix any underlying problems. That's why it's ...