In reaching a deal with lenders, the owner of restaurant chains like Twin Peaks and Fazoli’s will get a crucial lifeline ...

The franchise operator’s board members will also resign while members of Wiederhorn’s family are leaving the company as part ...

FAT Brands Inc. may soon be under new ownership as the company prepares to sell all or part of its assets following its ...

Genesis HealthCare is asking a federal court for permission to pay nearly $10 million in executive and employee performance bonuses as it navigates the remaining weeks of bankruptcy proceedings.

From retail to restaurants, prices are rising, and it’s hard for customers to keep up. People are going out to eat less, or they’re choosing cheaper restaurants when they do. That’s taken a toll on ...

In this exclusive interview, Lutheran Life CEO Sloan Bentley shares the story of the organization’s bankruptcy and lessons that may be helpful to other providers. Sloan Bentley could see the writing ...

Emerson Equity has been to turn over documents to private equity firm Inspired Healthcare Capital related to Inspired’s bankruptcy petition.

Bankruptcy is a legal procedure that allows individuals or businesses unable to pay their debts to seek relief from some or all of them. In the U.S., bankruptcies are often categorized as Chapter 7, ...

Editor’s note: This story has been updated to include comment from PACS. A nursing home company has revealed it previously transferred operations of 18 Ohio nursing homes to PACS Group, paving the way ...

LOS ANGELES, CA - Californians facing unmanageable debt may find relief through Chapter 7 bankruptcy, a legal process ...