A collapse in demand fueled by the coronavirus pandemic is hammering the oil and gas industry.
Hertz laid off 10,000 employees — more than 25% of its total workforce — in April. Now it's reportedly preparing for a worst-case scenario.
The company wrote in a letter to its customers that it applied for bankruptcy on Sunday as part of a Chapter 11 filing.
Thomas Cook's bankruptcy — which stranded 600,000 passengers and ruined travel plans — is just one example of disastrous company collapses.
A slew of national retailers have already filed for bankruptcy in 2019. Here's a list of the major ones.
Being a big musician or a giant Hollywood star who earns a lot of money sounds great, but many celebrities wind up having money problems.
"Delays in development cycle combined with the high cost of capital depleted iPiC's available resources," said Hamid Hashemi, CEO.
Kona Grill and its former CEO James Kuhn are locked in a legal battle against one another, as the sushi-and-cocktails chain files for bankruptcy.