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What is a Chapter 11 bankruptcy?
Chapter 11 is basically a bankruptcy plan that allows businesses to restructure debts and stay open. In this type of bankruptcy, the debtor retains ownership of their assets, and the repayment plan ...
Nissan supplier Marelli files for Chapter 11, secures $1.1 billion in new financing
Nissan supplier Marelli Corp filed for Chapter 11 bankruptcy protection in the United States on Wednesday, the Japanese auto ...
Fried chicken chain is teetering on Chapter 7 bankruptcy, if a sale is not approved
Sticky's, a fried chicken chain based out of New York, is on the edge of filing for Chapter 7 bankruptcy ,if a proposed sale ...
Gaucho Holdings Emerges from Chapter 11, Aligns with Argentina’s Economic Upswing and Investor Confidence
Mortgage availability, foreign capital inflows and U.S. economic support reinforce Gaucho’s strategic timing. MIAMI, FL / ...
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Marelli owes Stellantis, Nissan combined $767M in Chapter 11 bankruptcy
Marelli Holdings Co., a major supplier to Stellantis and Nissan Motor Co., owes the two customers a combined $767 million in ...
Beloved brewery, beer brand forced into Chapter 11 bankruptcy
A local taproom or brewery becomes a beloved part of the community. That’s actually somewhat rare in the United States, where ...