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Bankruptcies

2024 was a record year for bankruptcies. Why?

by Caleigh Wells
Jan 9, 2025
The pandemic set the stage for the bankruptcies, although they were delayed by government payouts and PPP loans.
Hundreds of businesses filed for bankruptcy last year — including stores like Party City and Big Lots, the airliner Spirit Airlines and the restaurant chain Red Lobster.
Justin Sullivan/Getty Images
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COVID-19

The pandemic is shrinking the market for officewear

by Marielle Segarra
Aug 3, 2020
Tailored Brands and Lord & Taylor join list of retail brands that filed for bankruptcy. There is little need for business attire when offices are empty.
A professionally dressed worker walks in London. Fewer people are working in offices, so business apparel remains in closets.
Dan Kitwood/Getty Images
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Make Me Smart Question

How Elizabeth Warren learned personal bankruptcy isn't a rich people problem

by Jana Kasperkevic
Apr 10, 2018
Personal bankruptcy is a middle-class problem, says Sen. Elizabeth Warren.
Sen. Elizabeth Warren (D-MA) listens to testimony from witnesses during a Senate Banking, Housing and Urban Affairs Committee hearing.
Drew Angerer/Getty Images
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The Weinstein Company files for bankruptcy

by Ryan Kailath
Feb 26, 2018
Sales talks fell through for the company behind critical hits such as "The Artist."
Producer Harvey Weinstein (R) and his brother producer Bob Weinstein (L) attend the New York premiere of the film "The Road" in New York City.
Mark Von Holden/Getty Images for Dimension Films
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