Bankruptcy

The company is more than $5.6 billion in debt.

The industry is crowded with internet competition, forcing one retailer into Chapter 11 bankruptcy.

Tom Russo, former general counsel at Lehman Brothers and AIG, talked to us about how the fall of Lehman Brothers could have been stopped.

Brookstone, the specialty retailer that sells eye masks, massage chairs and other gadgets, filed for bankruptcy protection for the second time Thursday. The company says it’s going to shut down its roughly 100 mall-based stores. They’ve become less of an attraction as more shopping moves online. The company’s 35 airport-based stores are doing much better. […]

Payments, once justified as a way to retain leaders during the crisis, are now tied to performance metrics.

Personal bankruptcy is a middle-class problem, says Sen. Elizabeth Warren.

Multibillion-dollar retailers are enormous machines, with a complex network of suppliers and tens of thousands of workers around the country. Chapter 11 puts them in limbo.

Kids these days. They don't shop at the stores like you used to.

Around 15 percent of professional football players file for bankruptcy a dozen years after retirement.