The struggling discount footwear chain joins nine other major retailers that filed Chapter 11 in the first three months of this year.
Cost overruns at Westinghouse Electric power plants have contributed to Toshiba's financial woes, forcing a $6.3 billion writedown.
The retailer warns its history of losses indicates "substantial doubt exists related to the company's ability to continue as a going concern.”
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…