Corporate bankruptcy

FILE - In this Nov. 22, 2017 file photo, former gymnast Rachael Denhollander speaks about former sports doctor Larry Nassar in Lansing, Mich. Denhollander, the first woman to publicly accuse now-imprisoned sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer during a creditors' meeting two months after the embattled sport organization filed a Chapter 11 bankruptcy petition. (AP Photo/Paul Sancya, File)
February 07, 2019 - 2:24 pm
INDIANAPOLIS (AP) — The first woman to publicly accuse sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer in bankruptcy court. Attorney John Manly says Rachael Denhollander will question Scott Shollenbarger about the Indianapolis-based group's...
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FILE - In this file photo dated Friday, Dec. 28, 2018, people pass a CD music and entertainment retailer HMV shop in London. HMV has been acquired out of administration by Canadian retailer Sunrise Records, it is announced Tuesday Feb. 5, 2019, safeguarding the future of nearly 1,500 staff, although it is understood that some unprofitable stores will close with immediate effect. (AP Photo/Frank Augstein, FILE)
February 05, 2019 - 5:41 am
LONDON (AP) — Canadian retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs. However administrator KPMG says 27 stores will close immediately, resulting in a loss of 455 jobs. The move comes amid extreme pressure on physical...
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A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif., Friday, Feb. 1, 2019. Pacific Gas & Electric Co. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money, more than $5 million, was spent lobbying on proposals around wildfire safety and response, including a discussion on whether to reduce the strict liability utilities face when their equipment sparks wildfires. (AP Photo/Jeff Chiu)
February 01, 2019 - 6:47 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Corp. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money — more than...
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Amanda Riddle, an attorney representing wildfire victims, speaks with a reporter outside of a Federal Courthouse in San Francisco, Tuesday, Jan. 29, 2019. Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to fire victims. (AP Photo/Jeff Chiu)
January 29, 2019 - 7:44 pm
SAN FRANCISCO (AP) — Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to...
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FILE - In this Oct. 14, 2017, file photo, the Tubbs wildfire burns behind a winery in Santa Rosa, Calif. A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a deadly wildfire in Northern California wine country could complicate the utility's plans to file for bankruptcy. State investigators said Thursday, Jan. 24, 2019, the 2017 blaze that killed multiple people and destroyed more than 5,600 structures in Sonoma and Napa counties was caused by a private electrical system. (AP Photo/Jae C. Hong, File)
January 25, 2019 - 2:04 am
SACRAMENTO, Calif. (AP) — A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a 2017 wildfire that killed 22 people in Northern California wine country could hamper lawsuits by victims of the blaze and complicate the utility's plans to file...
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Consumer advocate Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, stands with wildfire victims and speaks outside the state Capitol Tuesday, Jan. 22, 2019, in Sacramento, Calif. Brockovich is urging California lawmakers not to let PG&E go bankrupt because it might mean less money for wildfire victims. (AP Photo/Kathleen Ronayne)
January 22, 2019 - 8:35 pm
SACRAMENTO, Calif. (AP) — Consumer activist Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, urged California lawmakers Tuesday not to let the utility go bankrupt because it could mean less money for wildfire victims. "I'm mad, I think we should all be mad,"...
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FILE- In this Jan. 7, 2019, file photo a customer shops in a Sears store in the Brooklyn borough of New York. Sears confirmed Thursday, Jan. 17, that chairman and largest shareholder Eddie Lampert’s hedge fund has won tentative approval for a $5.2 billion plan to buy 425 stores and the rest of its assets. (AP Photo/Mark Lennihan, File)
January 17, 2019 - 6:55 pm
NEW YORK (AP) — A group of Sears creditors are challenging Chairman Eddie Lampert's hedge fund's winning $5.2 billion bid to buy the business in a bankruptcy auction and wants to air their grievances in court. Sears confirmed Thursday that Lampert's hedge fund won tentative approval for the plan to...
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January 17, 2019 - 7:44 am
SAN FRANCISCO (AP) — Gymboree has filed for bankruptcy protection for a second time in as many years, but this time the children's clothing retailer will begin winding down operations for good. The San Francisco company said late Wednesday that it will close all of its Gymboree and Crazy 8 stores...
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FILE - This Oct. 15, 2018 file photo shows a sign for a Sears Outlet department store is displayed in Norristown, Pa. Multiple media outlets reported early Wednesday, Jan. 16, 2019, that billionaire Eddie Lampert has won a bankruptcy auction after strengthening his bid in several days of negotiations with creditors. Lampert, Sears’ chairman and largest shareholder, upped his offer to more than $5 billion and added a $120 million cash deposit through an affiliate of his ESL hedge fund. (AP Photo/Matt Rourke, File)
January 16, 2019 - 5:32 pm
NEW YORK (AP) — Sears will live on — at least for now. Its chairman and biggest shareholder, Eddie Lampert, won tentative approval for a $5 billion plan to keep the ailing, 132-year-old department-store chain in business, fending off demands from creditors that it throw in the towel, according to a...
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FILE - In this Nov. 10, 2018 file photo, with a downed power utility pole in the foreground, Eric England, right, searches through a friend's vehicle after the wildfire burned through Paradise, Calif. Facing potentially colossal liabilities over deadly California wildfires, PG&E will file for bankruptcy protection. The announcement Monday, Jan. 14, 2019, follows the resignation of the power company’s chief executive. (AP Photo/Noah Berger, File)
January 15, 2019 - 8:50 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Co. said this week it will file for bankruptcy, raising concern that rates for electricity and gas will rise and victims of California wildfires who are suing the nation's largest utility won't get all the money they may be owed. Here are some...
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