Field did disclose the planned closing in October of this year, but the announcement received scant notice alongside the news of a new company Board Chair and CEO.
Read More
Silicon Valley Bank was not included in the bankruptcy filing in New York on Friday, but SVB Financial said it had $3.3 billion in unsecured debt and $3.7 billion in stock that could get wiped out in the bankruptcy.
Read More
Avaya, which moved its headquarters to Durham, has filed for Chapter 11 bankruptcy after majority of its lenders agreed to a restructuring plan.
Read More
Party City filed for bankruptcy protection Tuesday, weighed down by competition and years of financial losses.
Read More
Tesla CEO Elon Musk mentioned the possibility that the company could file for bankruptcy in a recent interview, despite the carmaker reporting record profits in recent quarters.
Read More
In a move that the company says will strengthen the company, Avadim Health has entered a “stalking horse sale agreement” with its lender and will file for Chapter 11 bankruptcy.
Read More
While bankruptcy is never a decision to enter into lightly, for those in extreme financial distress, it can be the most viable option for recovery. With Start Fresh Today (powered by Raleigh-based non-profit Consumer Education Services Inc), individuals can take their first steps in the process of discharging their debts.
Read More
McClatchy Co., the organization behind Raleigh’s own News & Observer, released a statement saying they filed for bankruptcy on Thursday, ending family control of America’s second largest local news company.
Read More
