Chapter 11 Bankruptcy news and archive

David's Bridal files for Chapter 11 bankruptcy

After a week of speculation that David’s Bridal was on the brink of bankruptcy, America’s largest bridal retailer announced its declaration in the midst of bridal season on Monday, April 17. With recent mass layoffs of over 9,236 employees and an official press release statement, David’s Bridal’s Chapter 11 filing status is already in full...

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J.Crew expects to exit Chapter 11 bankruptcy in early September

J.Crew Group, Inc. has announced it expects to exit Chapter 11 bankruptcy early next month after winning approval for its restructuring plan by the US Bankruptcy Court for the Eastern District of Virginia. The plan will equitize over 1.6 billion dollars of secured indebtedness, and provide a 400 million dollar exit asset-based loan facility as...

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Aeropostale's bankruptcy causes issues with shareholder

Los Angeles - After prepping for a Chapter 11 bankruptcy, it seems that Aeropostale is only headed for more turmoil. The filing is potentially opening the teen retailer up to a conflict with one of its major shareholders: Sycamore Partners. The reason that the court filing may cause problems for its shareholders is due to Sycamore Partners’...

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Aeropostale prepares to file for Chapter 11 bankruptcy

Teen retailer Aeropostale Inc. is officially preparing to cut its losses. The New York-based company is prepping for bankruptcy filing as early as this month. The retailer has struggled in the past years in terms of finances. According to Bloomberg, the company is going to reorganize under a Chapter 11 bankruptcy filing. After the publication...