The electronics retailer blamed its filing on the "surprisingly poor performance of mobility sales" despite its co-branded stores with Sprint.
After pushing a turnaround, the retailer decides a restructuring through Chapter 11 is "the best path forward to ensure long-term success."
The company was unable to find enough financing to go into production and is now seeking a buyer for its technology.
Information governance isn’t top of mind during most restructuring planning, but ignoring it can have devastating financial consequences.
Canadian company Gildan Activewear will acquire the two-time bankrupt retailer for $88 million.
The mining company says its Chapter 11 reorganization has received "substantial incremental support" in recent days.
The oil-and-gas producer's restructuring plan calls for bondholders to forgive $850 million in debt in exchange for control of the reorganized…
Unsecured creditors can help to shape how the case progresses and maybe get better results without incurring legal fees.
The company has a $66 million offer for the intellectual property rights of its brand and other assets, but the fate of its stores is unclear.
James Merrill admits to participating in a Ponzi scheme that promised annual returns of 200% or more to "promoters" of TelexFree's internet phone…