As it moves to its next phase of the business, Rite Aid Corp. announced that it has emerged from Chapter 11 bankruptcy protection and appointed Matt Schroeder CEO. Rite Aid declared bankruptcy in October of last year. With the emergence, Rite Aid will operate as a...
Troubled electronics and home goods retailer Conn’s has commenced going-out-of-business sales after it filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Southern District of Texas. When it filed for Chapter 11, Conn’s put through...
Conn’s HomePlus has filed for Chapter 11 protection with the United States Bankruptcy Court for the Southern District of Texas after revealing a store closing plan for 70 locations. However, if it is to emerge, a buyer may need to step forward. The Conn’s...
Rite Aid Corp. is closer to emerging from bankruptcy after a U.S. bankruptcy judge approved its restructuring plan, according to published reports. Rite Aid would cut debt by some $2 billion, and the company would be controlled by major creditors under the...
Craft-centric retailer Joann announced the United States Bankruptcy Court for the District of Delaware confirmed the company’s prepackaged joint plan of reorganization, clearing the way for it to emerge from Chapter 11 status. The retailer stated it expects to...
