The owner of Saks Fifth Avenue and Neiman Marcus is in talks with creditors about financing for a coming chapter 11 filing.

Saks Global is reportedly headed toward bankruptcy after missing payment for the debt it took on to acquire Nieman Marcus.

On December 22, Bloomberg reported that Saks was considering a Chapter 11 bankruptcy filing as a last resort amid a debt payment nearing. Some Saks lenders also reportedly held confidential talks to ...

The U.S. Bankruptcy Code provides that if a debtor makes an intentional fraudulent transfer within one year of the filing of bankruptcy petition, the debtor will be denied a discharge. Since the ...

United Site Services Inc., a provider of portable toilets owned by private equity firm Platinum Equity, filed for bankruptcy ...

In a recent decision in In re Taing, the U.S. Bankruptcy Court for the District of Massachusetts held that a mortgagee holds a claim that could be modified by a Chapter 11 plan even if the debtor was ...

United Site Services says it is the largest US provider of portable sanitation systems and that its debt became unsustainable ...

Bankruptcy is a legal process available to individuals and businesses who are struggling with debt. It is a way to eliminate or reduce liabilities and credit to get a fresh financial start. There are ...

It's difficult to conceive of a way to address the student debt issue in a way that would satisfy both conservative and liberal politicians, but a nascent movement to allow people to discharge student ...

January 24, 2023 - You may have heard this before: As cannabis remains a Schedule I drug under the federal Controlled Substances Act ("CSA"), cannabis companies cannot seek bankruptcy relief under ...