Chapter 11 bankruptcy

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Hardee's

Business News

Hardee’s franchisee Superior Star files for bankruptcy

HILLSBORO -- 60 Hardee's locations are at risk, including a location in Hillsboro, following a Chapter 11 bankruptcy filing last week in Kentucky. Superior Star filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code on Thursday, July 9. The filing was in the Western District of Kentucky in the U.S. Bankruptcy Court in Louisville, Kentucky According to court documentation, Superior Star would generate approximately $80 million in gross revenue in 2025. However, "unforeseen and uncontrollable […]

todayJuly 16, 2026 67

Audacy

Entertainment News

Radio giant Audacy files for Chapter 11 bankruptcy

PHILADELPHIA (UPI) -- Following years of declining ad spending, American radio and podcasting giant Audacy announced Sunday that it has filed for prepackaged Chapter 11 bankruptcy protection. Audacy, one of the nation's largest radio companies, announced its filing in a statement, saying it has reached a restructuring support agreement with a supermajority of its debtholders that will see its debt be reduced by about 80%, from $1.9 billion to $350 million. Formerly known as Entercom, Audacy merged with CBS Radio in 2017 that aided […]

todayJanuary 9, 2024 151

NRA

National

NRA files for bankruptcy, moves to Texas

NEW YORK (UPI) -- The National Rifle Association (NRA) filed for bankruptcy Friday and said it plans to implement a restructuring plan, moving the organization from New York to Texas. In the Chapter 11 filing, the NRA said it plans to now operate as a non-profit organization in Texas after being incorporated in New York for about 150 years. "The move will enable long-term, sustainable growth and ensure the NRA's continued success as the nation's leading advocate for constitutional freedom […]

todayJanuary 15, 2021 74

Business & Lifestyle

Interested buyers seeking to purchase the XFL

(Heartland Newsfeed) -- Hold on to those assumptions about the XFL being gone forever. A suspension of team operations began March 20 following Week 5. Additionally, an indefinite suspension of league operations began on April 10 following an announcement. This would lead to staff contract terminations as a result. The league and parent company Alpha Entertainment filed for Chapter 11 bankruptcy protection on Monday, which allows for the restructuring of both operations. The filing also opens up the opportunity to […]

todayApril 16, 2020 122

Sears bankruptcy

Business & Lifestyle

Sears chairman’s hedge fund wins company’s bankruptcy court auction

CHICAGO (UPI) -- Sears Holdings said Thursday that ESL Investments, the hedge fund owned by its chairman and largest investor, won the company's bankruptcy auction. Eddie Lampert's investment firm will pay $5.2 billion for substantially all of Sears' remaining assets, including 425 stores, its Home Services business, and the Kenmore and DieHard brands, if approved by the court. "We are pleased to have reached a deal that would provide a path for Sears to emerge from the Chapter 11 process," […]

todayJanuary 18, 2019 68

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