A consortium led by the US private investment firm NRDC Equity Partners and German businessman Bernd Beetz plan to buy bankrupt German department store chain Galeria Karstadt Kaufhof, dpa learned from sources close to the negotiations.

Budget retailer 99 Cents Only filed for Chapter 11 bankruptcy protection in Delaware on Sunday, saying that it intended to close all of its 371 stores in the U.S. and sell off its real estate and remaining inventory.

The implosion of the regional sports network business has allowed local broadcasters to step into the breach with live local pro-sports telecasts. The question now is: Can stations keep and even grow their sports stature, or will they get stuck on the bench once direct-to-consumer operations hit their stride?

In the world of sneakers and casual footwear, where titans like Nike command the landscape, finding a niche that allows a brand to stand tall is akin to searching for a needle in a haystack.

After filing for Chapter 11 bankruptcy in October, Rite Aid has listed new store locations set to close.

The owner of two South Jersey malls has emerged from bankruptcy after shedding about $850 million in debt.

ICON Aircraft Inc., a company that makes amphibious aircraft for recreational flying, has filed bankruptcy.

In the months before Bed Bath & Beyond declared bankruptcy last April, the former home goods titan was trapped in a crushing cycle.

AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring team provides valuable knowledge and experience in the areas of commercial debt restructuring, settlements, bankruptcy trusteeships, fiduciary work, and bankruptcy and creditors’ rights litigation.