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Latest Articles

Toys R Us files bankruptcy

Toys R Us filed for chapter 11 bankruptcy protection on Monday. The retailer has $4.9 billion in debt, $400 million of which has interest payments due in 2018 and $1.7 billion of which is due in...

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Footwear maker Aerosoles files for bankruptcy

Women's shoe chain Aerosoles filed for Chapter 11 bankruptcy protection on Friday. Aerosoles will close most of its stores and focus on its wholesale, e-commerce and international businesses. Aerosoles said it will close 95 percent of...

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Seadrill files for Chapter 11 bankruptcy

Offshore drilling services provider Seadrill Ltd said on Tuesday it had filed for Chapter 11 bankruptcy and entered into a restructuring agreement with bank lenders, bondholders and a consortium of investors. Seadrill Ltd, is controlled by Norwegian...

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50 Cent sues business managers for botching his bankruptcy

Curtis Jackson a/k/a "50 Cent" is suing his business managers for allegedly botching his bankruptcy. According to 50 Cent, his business managers cost him an extra $200,000 in taxes and illegally helped themselves to $90,000...

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