Stoli Group filed to convert two of its U.S. companies from chapter 11 to chapter 7 bankruptcy after the company could not reach a restructuring agreement with its senior lender.

The owner of one of the world's best known vodka labels is shutting down its American business, with court papers showing a ...

The spirits industry has faced economic issues since the end of the Covid-19 pandemic that continue to mount. Among the ...

Corporations, limited liability companies (LLCs), and other businesses can file for protection under either Chapter 7 or Chapter 11 of the Bankruptcy Code. While a Chapter 11 bankruptcy can lead to ...

*Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” allows people to discharge most unsecured debts. This includes medical bills, payday loans, and credit card balances. A trustee may sell ...

A second airline to shut down entirely in 2026 is Indian charter carrier Dove Airlines. As first reported by local Insolvency ...

If you’re exploring bankruptcy, that probably means your debt situation is serious. It can be really frustrating to find out that bankruptcy cases cost money. If you had money, you might not need ...

Diamond Comic Distributors Inc., the debtor in the long-running Chapter 11 bankruptcy, is now heading toward Chapter 7, with the debtor requesting that the U.S. Bankruptcy Court in Maryland convert ...

NEW YORK, Sept 10 (Reuters) - Auto dealer Tricolor filed for Chapter 7 bankruptcy in Texas court on Wednesday, moving to liquidate its business a day after Fifth Third Bank (FITB.O), opens new tab ...