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Hertz Global Holdings Inc. (NYSE: HTZ) dropped nearly 24% in after-hours trading on Monday as multiple reports suggested the company is nearing a bankruptcy filing. read more.....»»

Car-rental ridership is plunging amid the Covid-19 pandemic and the broad economic pullback, touching off a cash burn at Hertz.....»»

J. Crew Preparing To File For Bankruptcy As Soon As This Weekend Apparel company J. Crew may file for bankruptcy as soon as this weekend.....»»

The New York-based retailer had already been struggling under a heavy debt load and a sales slump amid criticism it fell out of touch with its once-loyal customers. The coronavirus pandemic has worsened its woes.....»»

Modell’s, the embattled sporting goods retailer, is preparing to file for bankruptcy, FOX Business has confirmed with CEO Mitch Modell. The filing could come as soon as this weekend......»»

The company is in talks for financing that would fund operations Sears Holdings Corp., the struggling U.S. retailer owned by hedge fund m.....»»

The long goodbye for America’s most iconic retai.....»»

Sears is likely to announce as soon as Sunday that it will file for bankruptcy protection, with plans to push through the holiday season, so.....»»

Express Inc (OTC:EXPR) and subsidiaries file Chapter 11 petitions, signaling a strategic move to optimize operations and strengthen financial position. The retailer pl.....»»

Austin-area bankruptcy courts recorded five business filings — including three with total debts above $1 million — during the week that ended May 7. Year to date through May 7, the court recorded 12 Chapter 7 or Chapter 11 business bankruptcy.....»»

Shares of bankrupt car-rental com.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

“This is 100% Covid related. We’re not seeing the rates that we need to get back on our feet,” says AnujNarayan Mittal, CEO of Raleigh-based MJM Group. His hospitality group has an ownership stake in three hotels that have filed for bankruptcy protection......»»

Judson College, a 183-year-old private school and one of the nation's oldest universities for women, plans to close its doors and file Chapter 11 bankruptcy......»»

The global chip shortage is hindering rental-car companies from being able to quickly regrow fleets as demand continues to rise. A Hertz car rental location in New Jersey in May 2020. AP Photo/Ted Shaffrey, File There's a rental-car sho.....»»

Hertz picks new front-runners to back exit from bankruptcy.....»»

Shares of Hertz Global Holdings Inc. tumbled 9.9% in premarket trading, after the bankrupt car rental company said it received a revised proposal for its Chapter 11 exit from affiliates of Knighthead Capital Management LLC, Ce.....»»

Phoenix area bankruptcy courts recorded two business filings during the week that ended April 23, 2021. Year to date through April 23, the court recorded 16 Chapter 7 or Chapter 11 business bankruptcy filings, a 41% decrease from the same span .....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Investment companies Knighthead Capital Management LLC and Certares Management LLC have sweetened thei.....»»