COVID-19 pushes business bankruptcies higher in an already tough year

Jun 19, 2020
The government support provided at the beginning of the pandemic was meant to be temporary, but companies are still suffering.
A "Store Closing" sign on a Pier 1 in Chicago.
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Companies are borrowing like crazy, even though their incomes are down

May 28, 2020
For some, borrowing's a lifeline. For others, it's a bargain.
A Hertz car-rental office in New York. The company filed for bankruptcy after amassing $19 billion in debt.
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Here comes the bankruptcy wave

May 14, 2020
Experts expect more business and personal bankruptcies as the economic crisis intensifies.
A temporarily closed J.Crew store in New York. The chain went bankrupt this month.
Angela Weiss/AFP via Getty Images

J. Crew is the first major retailer to file for bankruptcy under COVID-19

Online business will continue as usual, and J. Crew still has plans to reopen stores.
J. Crew has almost $1.7 billion in debt its restructuring.
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Coal mine standoff in Kentucky moves to negotiation between parties

Sep 12, 2019
Miners and mine owner have begun negotiations to break the deadlock in Harlan County.
Unemployed Blackjewel coal miner Chris Lewis shows his tattoo as he participates in a blockade along the railroad tracks that lead to one of Blackjewel's mines on August 08, 2019 near Cumberland, Kentucky.
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FTD files for bankruptcy, will break apart business to survive

Jun 4, 2019
FTD declares bankruptcy, but will still deliver flowers.
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For sale: A brand that pioneered cosmetics for women of color

Apr 11, 2019
The company that launched Ebony and Jet magazines — Johnson Publishing Company of Chicago — has filed for bankruptcy. Johnson sold off its magazines in 2016, but held on to Fashion Fair, its cosmetics brand. When the brand hit the market in 1973, the department store counters that sold it were among the few places where […]
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The business of second chances

Apr 8, 2019
When a business files for bankruptcy in today's economy, what happens?
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Ex-CEO bids more than $5 billion to keep Sears open

Jan 16, 2019
Most of the bankrupt retailer's creditors want it liquidated, but not former CEO Eddie Lampert.

A Hail Mary bid to save Sears

Dec 7, 2018
The chairman of the storied retailer has proposed a $4.6 billion bid to save what's left of the 130-year-old chain.
A Sears store in Brooklyn, New York, in October.
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