Corporate bankruptcy

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany. (Sven Hoppe/picture-alliance/dpa via AP, file)
July 01, 2020 - 5:04 am
BERLIN (AP) — Investigators searched the headquarters of German payment systems provider Wirecard and four other locations Wednesday as part of their probe of an accounting scandal that led to the arrest of the company's longtime CEO and forced the firm to file for bankruptcy protection. Twelve...
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June 30, 2020 - 10:12 pm
MEXICO CITY (AP) — Mexico’s oldest legacy airline, Aeromexico, said Tuesday it has filed for Chapter 11 reorganization, a form of bankruptcy in which the carrier can keep operating while its debts and obligations are sorted out. The airline said “this legal process will not interrupt the airline’s...
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FILE - This Jan. 16, 2014 file photo shows paintings hanging on a wall at Chuck E. Cheese's in Dallas. Chuck E. Cheese pizzeria, that Mecca of fun for children but the bane of many parents, is filing for bankruptcy protection. CEC Entertainment Inc. said Thursday, Jan. 25, 2020, it was filing for voluntary protection under Chapter 11 “in order to overcome the financial strain resulting from prolonged, COVID-19 related venue closures.” (G.J. McCarthy/The Dallas Morning News via AP)
June 25, 2020 - 4:47 pm
Chuck E. Cheese - where kids could be kids while parents nursed headaches - is filing for bankruptcy protection. The 43-year-old chain, which drew kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic. But it said the prolonged closure of many...
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FILE- In this April 29, 2020 file photo, a couple walks past a GNC store at the company's world headquarters in downtown Pittsburgh. The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Health and wellness company GNC Holdings has filed for Chapter 11 bankruptcy protection and is looking to close at least 800 to 1,200 stores. (AP Photo/Gene J. Puskar, File)
June 24, 2020 - 7:06 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ TRAVEL: — U.S. gasoline consumption is more than...
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Workers file past in the road as a sign illuminates the drive for valet parking at the reopening of the Isle Casino and Resort after being closed for the past three months because of the spread of the new coronavirus Wednesday, June 17, 2020, in Black Hawk, Colo. With a drop in coronavirus cases in Colorado, state and local officials have loosened up restrictions to allow the casinos—and numerous other businesses—to open their doors to customers again. (AP Photo/David Zalubowski)
June 17, 2020 - 6:12 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Wednesday related to the national and global response, the work place and the spread of the virus. ________________________ RETAIL: — Bedding maker Tempur Sealy International...
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June 17, 2020 - 3:54 pm
Hertz said Wednesday it has put its plans to sell $500 million worth of stock on hold because the offering is being reviewed by the Securities and Exchange Commission. Trading in shares of the car rental company, which filed for bankruptcy protection last month, were halted before the announcement...
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Sales assistants wear protective equipment at the Selfridges department store in London, Monday, June 15, 2020. After three months of being closed under coronavirus restrictions, shops selling fashion, toys and other non-essential goods are being allowed to reopen across England for the first time since the country went into lockdown in March.(AP Photo/Matt Dunham)
June 15, 2020 - 12:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to the national and global response, the work place and the spread of the virus. ________________________ RATATOUILLE & RICE CONGEE: Bars and restaurants...
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FILE - In this June 5, 2019, file photo, former Mt. Gox CEO Mark Karpeles attends a news conference at the Foreign Correspondents' Club of Japan, in Tokyo. A Japanese high court on Thursday, June 11, 2020 upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. (AP Photo/Jae C. Hong, File)
June 12, 2020 - 12:10 am
TOKYO (AP) — A Japanese high court on Thursday upheld a lower court’s decision that the French head of Mt. Gox, a Tokyo-based bitcoin exchange that went bankrupt after a massive hacking attack, was guilty of manipulating electronic data but not embezzlement. The Tokyo District Court last year...
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FILE - In this Feb. 11, 2020, file photo, a Pacific Gas & Electric truck leaves the company's Oakland Service Center in Oakland, Calif. PG&E's chief financial officer, Jason Wells, is expected to face questions Thursday, May 28 about the company's plan to nearly double its debt to almost $40 billion to finance its payments to wildfire victims, insurers and government agencies in the second day of the company's bankruptcy trial. Meanwhile, the Public Utilities Commission will vote on the bankruptcy plan. (AP Photo/Ben Margot, File)
May 28, 2020 - 7:09 pm
BERKELEY, Calif. (AP) — California power regulators on Thursday unanimously approved Pacific Gas & Electric's $58 billion plan for getting out of a bankruptcy caused by a series of deadly wildfires, despite ongoing worries about the utility's ability to safely operate its crumbling electrical...
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FILE - In this July 25, 2016, file photo, an agent of LATAM airlines stands by the counters at the airport in Santiago, Chile. The South American carrier said Tuesday, May 26, 2020, it is seeking Chapter 11 bankruptcy protection as it grapples with the sharp downturn in air travel sparked by the coronavirus pandemic. (AP Photo/Esteban Felix, File)
May 26, 2020 - 6:32 am
BANGKOK (AP) — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel...
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