What Chapter 11 bankruptcy means
Filing for bankruptcy doesn’t always mean the end for an American business.
There was a historic surge in U.S. corporate bankruptcy filings in June, with the highest number recorded in a single month since at least the start of 2020, new data shows.
The number of corporate bankruptcy filings as of June 2024 also surpassed half-year figures seen in over a decade, according to S&P Global Market Intelligence, which shares financial and industry data.
S&P Global Market Intelligence said it recorded 75 new corporate bankruptcy filings in June.
Red Lobster files for Chapter 11 bankruptcy
Axios reporter Richard Collings joins LiveNOW’s Andrew Craft to dissect Red Lobster’s decision to file for Chapter…
