Latest Corporate bankruptcy News

Robert Murray, center, chief executive of Murray Energy Corp., smiles while talking to Dave Canning, left, and Mike Glassom, right, two miners in charge of drilling bore holes into the Crandall Canyon Mine, before a news conference northwest of Huntington Utah, Sunday, Aug, 26, 2007. Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday, Oct. 19, 2020 as board chairman of American Consolidated Natural Resource Holdings Inc. (AP Photo/Kenny Crookston)

Bob Murray retires as board chairman of US coal giant

Oct. 20, 2020 2:17 PM EDT

CHARLESTON, W.Va. (AP) — Robert Murray, the founder and former president and CEO of a major U.S. coal operator that recently emerged from federal bankruptcy, has retired as chairman of the company's board. Murray ended a six-decade career by announcing his retirement Monday as board chairman of American...

Lakes Region General Hospital files Chapter 11 bankruptcy

Oct. 19, 2020 6:18 PM EDT

LACONIA, N.H. (AP) — A New Hampshire hospital moved to file Chapter 11 bankruptcy on Monday. Lakes Region General Hospital has begun the legal and regulatory process of filing Chapter 11 and has received an offer from Concord Hospital to potentially acquire hospital assets, WMUR-TV reported. Concord...

Today in History

Oct. 15, 2020 12:00 AM EDT

Today in History Today is Thursday, Oct. 15, the 289th day of 2020. There are 77 days left in the year. Today’s Highlight in History: On Oct. 15, 1976, in the first debate of its kind between vice-presidential nominees, Democrat Walter F. Mondale and Republican Bob Dole faced off in Houston. On this...

FILE - In this Nov. 29, 2018, file photo, Archbishop John C. Wester, head of the Archdiocese of Santa Fe, talks during a news conference in Santa Fe. New Mexico's largest Catholic diocese has filed a complaint against the U.S. Small Business Administration. The Archdiocese of Santa Fe claims the agency is illegally blocking it from applying for federal aid meant to help businesses affected by the coronavirus outbreak. (AP Photo/Susan Montoya Bryan, File)

Judge: Victims can sue Santa Fe Archdiocese over transfer

Oct. 13, 2020 1:36 PM EDT

ALBUQUERQUE, N.M. (AP) — A U.S. bankruptcy judge has ruled that lawyers for clergy sex abuse survivors can file lawsuits alleging the Archdiocese of Santa Fe fraudulently transferred millions to avoid bigger payouts to victims. The recent decision by Judge David T. Thuma in the Chapter 11 reorganization...

FILE - This July 1, 2013, file photo, shows the exterior of the Mallinckrodt Pharmaceuticals office in St. Louis. Mallinckrodt is seeking protection in federal bankruptcy court, as the generic drugmaker deals with lawsuits over its role in the U.S. opioid crisis. The company said Monday, Oct. 12, 2020, that it voluntarily started Chapter 11 proceedings to reduce debt and resolve several billion dollars of possible legal liabilities. (Whitney Curtis/AP Images for Mallinckrodt, File)

Mallinckrodt, ensnared in opioid crisis, seeks Chapter 11

Oct. 12, 2020 9:49 AM EDT

A New Jersey drugmaker ensnared in the fallout from America's opioid crisis is seeking bankruptcy protection. Mallinckrodt said Monday that it had begun Chapter 11 proceedings to restructure debt and resolve “several billion dollars of otherwise unmanageable potential legal liabilities.” The...

US seeks mining withdrawal of polluted Montana site

Oct. 10, 2020 4:17 PM EDT

BILLINGS, Mont. (AP) — U.S. officials in Montana have proposed withdrawing 2,600 acres of a degraded gold mining area to prevent additional mining and protect restoration work. The Billings Gazette reports in a story on Saturday that the U.S. Bureau of Land Management wants to withdraw the land in the...

FILE - In this Sept. 16, 2016 file photo, visitors to New York's Times square walk past a Ruby Tuesday restaurant.  Ruby Tuesday is filing for bankruptcy protection, the latest casual chain to suffer from coronavirus-related closures and changing consumer habits. The Maryville, Tennessee-based company says, Wednesday, Oct. 7, 2020 its restaurants will remain open throughout the bankruptcy process.  (AP Photo/Mary Altaffer, File)

Ruby Tuesday, hit by COVID closures, files for bankruptcy

Oct. 7, 2020 2:16 PM EDT

Ruby Tuesday is filing for bankruptcy protection, the latest casual restaurant chain to suffer from coronavirus-related closures and changing consumer habits. The Maryville, Tennessee-based company, which was founded in 1972, said on Wednesday that its restaurants will remain open throughout the bankruptcy...

Volunteers distribute food to recipients at the Giving Hope Food Pantry during a food giveaway, which was organized by City Councilmember Cindi Nguyen, in New Orleans, Tuesday, July 21, 2020. The effort is to assist people who have lost income during the COVID-19 pandemic. (AP Photo/Gerald Herbert)

Louisiana senators grapple with unemployment fund bankruptcy

Oct. 6, 2020 6:48 PM EDT

BATON ROUGE, La. (AP) — Louisiana senators Tuesday began moving legislation to keep the bankruptcy of the state unemployment trust fund from triggering business tax hikes and a drop in benefits for jobless workers during the coronavirus outbreak. But lawmakers and Democratic Gov. John Bel Edwards still...

New chairman to lead board overseeing Puerto Rico's finances

Oct. 6, 2020 2:03 PM EDT

SAN JUAN, Puerto Rico (AP) — A bankruptcy and corporate law professor will be the new chairman of a federal control board that oversees Puerto Rico’s finances, officials announced Tuesday. David Skeel will replace José Carrión, who had led the board since the U.S. Congress created it in...

A man walks by the offices of the Diocese of Rockville Centre, Thursday, Oct. 1, 2020, in Rockville Centre, N.Y. The diocese filed for bankruptcy on Thursday because of financial pressure from lawsuits over past sexual abuse by clergy members. (AP Photo/Mark Lennihan)

Suburban NY diocese files for bankruptcy amid abuse lawsuits

Oct. 1, 2020 6:40 PM EDT

A Roman Catholic diocese in New York City's suburbs Thursday became the largest in the U.S. to declare bankruptcy, seeking relief from a torrent of lawsuits filed after the state suspended the statute of limitations for suing over sexual abuse by priests. The Diocese of Rockville Centre, which encompasses much of...