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Bankruptcy

What's the best way to navigate personal bankruptcy?

by Blake Farmer
Dec 27, 2021
For people pushed to the edge financially, bankruptcy can be an option. One nonprofit is trying to make the choice easier and less expensive.
Bankruptcy can be a lifeline for some, but it's still out of reach for many who can’t afford the roughly $1,500 it takes to hire an attorney and pay for court fees.
FuzzMartin via Getty Images
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"Enron: The Smartest Guys in the Room"

The Enron scandal: 20 years later, what’s changed?

by David Brancaccio and Rose Conlon
Sep 23, 2021
Very little, according to Bethany McLean, the first financial reporter to ask questions about Enron's accounting practices.
Former Enron CEO and Chairman Kenneth Lay is sworn in before the Senate Committee on Commerce, Science and Transportation in 2002.
Stephen Jaffe/AFP/Getty Images
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Texas' largest power co-op files for bankruptcy

by Andy Uhler
Mar 1, 2021
Brazos Electric's filing could be an ominous sign as other Texas power providers assess the damage after the extreme weather.
High voltage transmission towers on Feb. 21 in Houston.
Justin Sullivan/Getty Images
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Shelf Life

COVID-19 is putting the economy on fast-forward

by Scott Galloway
Nov 24, 2020
Will that make it better or worse? Scott Galloway, professor at the NYU Stern School, weighs in with his new book, "Post Corona: From Crisis to Opportunity."
People wait in line to receive donated groceries on May 6, 2020, in the Queens borough of New York City.
Bryan Thomas/Getty Images
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Wendy's looks to flip nearly 400 restaurants with bid to buy them from bankrupt NPC

by Andy Uhler
Nov 20, 2020
The fast food burger chain wants to keep the restaurants from going to its direct competitors
A vehicle pulls into the drive-thru lane at a Wendy's restaurant in Alhambra, California, on May 5, 2020.
Frederic J. Brown/AFP via Getty Images
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What happens after a mall defaults on its loans?

by Marielle Segarra
Oct 27, 2020
The dominoes just keep falling: Banks, utilities, internal employees, maintenance crews — they could all lose out.
Screen shot PREIT marketing materials
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COVID-19

Retail decline continues with bankruptcies and closures sped up by pandemic

by Justin Ho
Sep 29, 2020
Many retailers rely on robust holiday sales to boost the year's bottom line. Thanks to COVID-19, good luck with that.
A pedestrian walks past a permanently closed Jos. A. Bank clothing store in August in San Francisco. Tailored Brands, the parent company of Jos. A. Bank and Men's Wearhouse, is one of 29 big retailers to file for bankruptcy this year.
Justin Sullivan/Getty Images
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COVID-19

Businesses, insurers want federal backstop to interruption insurance

by Kimberly Adams
Sep 11, 2020
Retailers like Century 21 are blaming unpaid insurance claims for their bankruptcies.
A Century 21 department store in lower Manhattan on Sept. 10. The company blamed its insurers for its bankruptcy.
Spencer Platt/Getty Images
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What do the mall owners Simon and Brookfield see in J.C. Penney?

by Marielle Segarra
Sep 10, 2020
They can't let the retailer fail.
A closed J.C. Penney store at a mall in San Bruno, California. The retailer is an anchor store in a lot of malls.
Justin Sullivan/Getty Images
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Lord & Taylor's final sale: Who will buy all that real estate?

by Marielle Segarra
Aug 28, 2020
The venerable department store is closing all 38 of its brick-and-mortar locations after filing for Chapter 11 bankruptcy.
Pedestrians walk past a shuttered Lord & Taylor department store in Garden City, New York. on May 12.
Bruce Bennett/Getty Images
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