Corporate bankruptcy

FILE - In this Feb. 11, 2020, file photo, a Pacific Gas & Electric truck leaves the company's Oakland Service Center in Oakland, Calif. PG&E's chief financial officer, Jason Wells, is expected to face questions Thursday, May 28 about the company's plan to nearly double its debt to almost $40 billion to finance its payments to wildfire victims, insurers and government agencies in the second day of the company's bankruptcy trial. Meanwhile, the Public Utilities Commission will vote on the bankruptcy plan. (AP Photo/Ben Margot, File)
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May 28, 2020 - 7:09 pm
BERKELEY, Calif. (AP) — California power regulators on Thursday unanimously approved Pacific Gas & Electric's $58 billion plan for getting out of a bankruptcy caused by a series of deadly wildfires, despite ongoing worries about the utility's ability to safely operate its crumbling electrical...
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FILE - In this July 25, 2016, file photo, an agent of LATAM airlines stands by the counters at the airport in Santiago, Chile. The South American carrier said Tuesday, May 26, 2020, it is seeking Chapter 11 bankruptcy protection as it grapples with the sharp downturn in air travel sparked by the coronavirus pandemic. (AP Photo/Esteban Felix, File)
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May 26, 2020 - 6:32 am
BANGKOK (AP) — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic. The Chapter 11 bankruptcy filing underscores the severity of the financial challenges facing the travel...
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A Hertz Car Rental is closed during he coronavirus pandemic on Wednesday, May 6, 2020 in Paramus, N.J. (AP Photo/Ted Shaffrey)
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May 22, 2020 - 11:14 pm
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company's business. The Estero, Florida-based company's lenders were unwilling to grant it another extension on its...
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FILE - In this Feb. 18, 2020, file photo, Boy Scouts of America uniforms are displayed in the retail store at the headquarters for the French Creek Council of the Boy Scouts of America in Summit Township, Pa. Nine sex-abuse lawsuits were filed Tuesday, May 19 2020, in upstate New York against three Boy Scout local councils, signaling an escalation of efforts to pressure councils nationwide to pay a big share of an eventual settlement in the Scouts’ bankruptcy proceedings. The lawsuits were filed shortly after an easing of coronavirus lockdown rules enabled courts in some parts of New York to resume the handling of civil cases. (Christopher Millette/Erie Times-News via AP, File)
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May 19, 2020 - 1:13 pm
NEW YORK (AP) — Nine sex abuse lawsuits were filed Tuesday in New York against three Boy Scout local councils, signaling an escalation of efforts to pressure councils nationwide to pay a big share of an eventual settlement in the Scouts’ bankruptcy proceedings. The lawsuits were filed shortly after...
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Customers practice social distancing as they wait in line to enter a Walmart on Saturday afternoon in West Paducah after the large retailer puts restrictions on store capacity due to the COVID-19 pandemic. In a Friday news release, Walmart stated that starting Saturday stores will allow no more than five customers per 1,000 square feet at any given time. Once the store reaches capacity, customers will be admitted inside on a "one-in, one-out basis." (Thomas Dean Stewart/The Paducah Sun via AP)
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May 19, 2020 - 11:42 am
NEW YORK (AP) — Walmart became one of the few lifelines to millions of people as the coronavirus spread, leading to surging profit and sales during the fiscal first quarter. Online sales in the U.S. jumped 74% for the quarter ended April 30, which captured the brunt of the pandemic. Same-store...
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FILE - In this May 8, 2020, file photo, a J.C. Penney store sits closed in Roseville, Mich. The coronavirus pandemic has pushed troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. Penney said late Friday, May 15, 2020, it will be closing some stores and will be disclosing details and timing in the next few weeks. (AP Photo/Paul Sancya, File)
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May 15, 2020 - 8:57 pm
NEW YORK (AP) — The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate. As part of its reorganization, the 118-year-old company said late Friday it will be shuttering some stores...
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A combo of recent images and filed on Friday May 15, 2020 of pubs that are closed due to the coronavirus pandemic. Britain's 47,000 or so pubs were told to close their doors on March 20, three days before Prime Minister Boris Johnson announced the full lockdown. The pub holds a special place in British culture, unmatched anywhere else in the world. They are key building blocks of a shared identity and shared connections from the tiniest hamlet in cider country in southwest England, to the more whisky-focused havens in Scotland's Shetland Islands. (AP Photo/Matt Dunham)
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May 15, 2020 - 3:16 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to national and global response, the work place and the spread of the virus. ________________________ TEUTONIC SHIFT: Germany — Europe's biggest economy —...
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Leslie Musumecci checks a text while Emily Summerville rinses her hair Monday, May 11, 2020 at The Nook on 7th Street in Tuscaloosa, Ala. the first time since mid-March when personal contact businesses were shut down due to COVID-19 restrictions. Summerville owns The Nook with her husband. She said they had fielded many calls for appointments and were doing their best to accommodate those who had waited the longest to get them in first. (Gary Cosby Jr./Tuscaloosa News via AP)
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May 11, 2020 - 6:55 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Monday related to national and global response, the work place and the spread of the virus. ________________________ EARNINGS SEASON: The damage from the pandemic is playing...
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May 10, 2020 - 3:01 pm
BOGOTA, Colombia (AP) — One of Latin America's largest airlines filed for Chapter 11 bankruptcy protection Sunday in New York, saying the COVID-19 pandemic has devastated its business. Avianca Holdings said in a statement that the move is aimed at continuing operations and preserving jobs when it...
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Family members watch Carmen Antillon receives her Tupelo High School diploma from Tupelo High School 12th grade Assistant Principal L.V. McNeal during a graduation ceremony at Milam Elementary School, Wednesday, May 6, 2020, in Tupelo Miss. The school district divided up the graduation ceremony to five different locations over three days with no more than four guests in attendance. (Thomas Wells/The Northeast Mississippi Daily Journal via AP)
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May 07, 2020 - 10:52 pm
Many governors across the U.S. are disregarding or creatively interpreting White House guidelines for safely easing restrictions and letting businesses reopen amid the coronavirus pandemic, an Associated Press analysis found. The AP determined that 17 states did not meet a key benchmark set by the...
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