Meritage Hospitality Group has filed for Chapter 11 after falling behind on more than $27m in payments to Wendy’s, putting its 314 restaurants across 15 US states in focus

The company said it will undertake an orderly wind-down and sell off its assets.

QVC Group filed for Chapter 11 on April 16, 2026, targeting a cut of debt from $6.6 billion to $1.3 billion within 90 days as live shopping migrates to TikTok.

QVC Group filed for Chapter 11 on April 16, 2026, targeting a cut of debt from $6.6 billion to $1.3 billion within 90 days as live shopping migrates to TikTok.

YouTube video by B.C. Begley

Getty The implosion of banking-as-a-service pioneer Synapse Financial Technologies is shining a harsh and unflattering light on a key link that has enabled the growth of the digital banking industr…

For decades, Diamond Comic Distributors was a dominant force in comic book distribution. Acting as the middleman, Diamond shipped comics, books, figures, games, and more from publishers to retailers. ...

One major home depot rival files for bankruptcy (Chapter 11). Understand what this means for the industry, the economy, and the future of the home depot supplier hub.

Troubled UK energy services group Petrofac has emerged as the front-runner for a major infrastructure contract in Kuwait, just as its parent company files for administration in the UK.

Verijet Airlines has filed for Chapter 7 bankruptcy following the sudden death of CEO Richard Kane. Here’s what we know about the company’s debt, lawsuits, and customer impact.

By Shivansh Tiwary and Anshuman Tripathy (Reuters) -Frontier Group shares jumped 15% on Tuesday, as investors bet that the ultra-low-cost carrier would scoop up more market share following main rival Spirit Airlines’ second bankruptcy in months and plans to trim routes. The stock was on track for its best day in more than five months, underscoring expectations that the turmoil at Spirit could reshape the U.S. budget airline industry and hand Frontier a competitive edge. Deutsche Bank analysts said they see Frontier as best positioned to benefit from Spirit’s bankruptcy, given the two airlines’ network overlap. The brokerage also upgraded its rating to "buy" from "hold". Spirit filed for bankruptcy protection on Friday for the second time in a year after a previous reorganization failed to put it on a firmer financial footing. While the Florida-based carrier — which emerged from its first bankruptcy in March — plans to continue flying, it said it would shrink its footprint in some markets and cut its fleet to reduce debt and lease obligations. "Generally some portion of Spirit’s capacity is likely to be removed, easing pressure on the domestic market, particularly main cabin, at a time when domestic demand is also improving from the sharp stepdown earlier in the year," Raymond James analyst Savanthi Syth said in a note. Frontier has the largest seat overlap with Spirit, though questions remain about whether ultra-low-cost carriers can sustain their business model as costs rise. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. The airline, which has been expanding its network, recently announced 20 new routes for the winter season and has rolled out offers aimed at building loyalty and luring passengers from rivals. Still, analysts have said full-service carriers such as United Airlines and Delta Air are better equipped in the changing U.S. aviation market. ProPicks AI evaluates DAL alongside thousands of other companies every month using 100+ financial metrics. Using powerful AI to generate exciting stock ideas, it looks beyond popularity to assess fundamentals, momentum, and valuation. The AI has no bias—it simply identifies which stocks offer the best risk-reward based on current data with notable past winners that include Super Micro Computer (+185%) and AppLovin (+157%). Want to know if DAL is currently featured in any ProPicks AI strategies, or if there are better opportunities in the same space?

Bankruptcy filings surged 11.5% in 2025, reflecting a significant rise in both personal and business bankruptcies.

Find out how JCPenney is bouncing back after bankruptcy by selling 119 retail properties for nearly one billion dollars.

Bankruptcy filings surged 11.5% in 2025, reflecting a significant rise in both personal and business bankruptcies.

Find out how JCPenney is bouncing back after bankruptcy by selling 119 retail properties for nearly one billion dollars.