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Bankruptcy

What corporate bankruptcy can teach us about morality

by David Brancaccio
Jun 27, 2017
'The Wisdom of Finance' aims to discover the humanity at the heart of high finance.
Greek tragedies — like that of, say, Orestes — can teach us a lot about bankruptcy.
Punch Magazine circa 1858/Hulton Archive/Getty Images
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Retailer Gymboree files for bankruptcy to restructure nearly $1 billion in debt

by Aaron Schrank
Jun 13, 2017
Children’s clothing chain Gymboree announced Sunday it’s filing for Chapter 11 bankruptcy. The retailer will close about 400 of its 1,300 stores and restructure debt in a bid to stay alive. Gymboree views its troubles as part of the larger challenges facing the retail industry as customers move their business online, but some of its […]
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Chapter 7: Where companies go to die

by Sabri Ben-Achour
May 15, 2017
The story of one U.S. gym chain illustrates the perils of this type of bankruptcy for consumers.
A sign leading to U.S. Bankruptcy Court in New York City.
Chris Hondros/Getty Images
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Puerto Rico debt battle heads to federal court

by Andy Uhler
May 4, 2017
Puerto Rico owes bondholders more than $70 billion, and it’s going to court to try to get its debts rescheduled. On Monday, a stay on lawsuits against Puerto Rico’s government expired, so bondholders sued. The island’s governor announced yesterday it was seeking court protection under Title III of the PROMESA Act, a bill passed last […]
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Bankrupt coal companies get break on clean-up costs

by Scott Tong
Aug 18, 2016
They are getting out of huge liabilities for cleaning up their mine sites because of a loophole
Coal is poured into a barge that will be moved to a steel plant in western Pennsylvania. 
Spencer Platt/Getty Images
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After Hulk Hogan sex tape suit, Gawker files for bankruptcy

by Kai Ryssdal
Jun 10, 2016
The digital media company is up for sale after a $140 million judgement
ST PETERSBURG, FL - Terry Bollea, aka Hulk Hogan, testifies in court during his trial against Gawker Media at the Pinellas County Courthouse on March 8, 2016 in St Petersburg, Florida. Bollea is taking legal action against Gawker for releasing a video of him having sex with his best friends wife.
John Pendygraft-Pool/Getty Images
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It looks like Puerto Rico can restructure its debt

by Andy Uhler
May 20, 2016
The territory is on the path toward figuring out what to do with its more than $70 billion debt.
Puerto Rico is taking the first step toward ending its decadelong recession.
Filipa Rodrigues/Marketplace
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Bankruptcy looms for biggest coal-miner in U.S.

by Scott Tong
Mar 17, 2016
Peabody Energy may join several other coal companies in bankruptcy court as coal demand and prices fall.
Coal is poured into a barge that will be moved to a steel plant in western Pennsylvania. 
Spencer Platt/Getty Images
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American Apparel faces challenges other retailers have

by Nova Safo
Oct 5, 2015
The chain filed for bankruptcy. Its challenge: attracting young shoppers.
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Shelf Life

Detroit: Then and Now

by Kai Ryssdal and Bridget Bodnar
Sep 17, 2015
A new book looks at how Motor City shaped American culture.
David Maraniss in front of the home in which he spent the first six years of his life. It's now a pile of rubble.
Tommy Andres/Marketplace
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