It’s certainly been in the news a lot this year. But is it the same for people and companies? What’s the famous Chapter 11?

Kmart, once one of America’s leading discount retailers, is closing its last full-size store in the mainland United States.

Elon Musk expressed concerns over the financial trajectory of the United States, suggesting the nation is on the brink of ...

The Subchapter V Trustee appointed to the Chapter 11 bankruptcy case related to Turkey Leg Hut has filed a Chapter 7 ...

The FCC has approved the plan of Audacy, the second-largest radio company in the United States by revenue, to exit Chapter 11 ...

Books & the Arts / The radical origins and future of debt relief activism. Astra Taylor “Early in January at Le Mars, in ...

Attention, Kmart shoppers, the end is near! The erstwhile retail giant renowned for its Blue Light Specials — featuring a ...

Audacy will head to bankruptcy court after the Federal Communications Commission agreed to conduct a foreign-ownership review with a new, post-bankruptcy version of the radio giant, a move that comes ...

In news that will surely make the 1980s babies — and folks born before then, too — at least a little sad, iconic retailer Kmart is slated ...

The last full-size Kmart store in the United States, located in Bridgehampton, Long Island, New York, is set to close its ...

United Airlines filed for bankruptcy today, the largest such case ever in the global airline industry, after high costs and low air fares left the world's No. 2 carrier with too much debt and not ...