There may be smooth sailing ahead for Red Lobster after the popular seafood restaurant chain received court approval for its Chapter 11 plan to sell the company to a new firm. Red Lobster Management ...

Brazil’s Gol and its majority investor, Abra Group, have reached agreement on a debt-for-equity deal to support the carrier’s exit from Chapter 11 bankruptcy protection. The agreement, which comes ten ...

SAO PAULO (Reuters) -Brazilian airline Azul aims to exit Chapter 11 proceedings early next year, Fabio Campos, institutional and corporate vice-president, told reporters in a press conference on ...

Editor's Note: In an earlier version of this story, the headline inaccurately described the hospital's status in bankruptcy proceedings. GARDNER — Nearly nine months after filing for Chapter 11 ...

Avaya said today that it has hit another significant milestone in its journey out of Chapter 11 bankruptcy, announcing an agreement with its major creditors' groups that the company said will enable ...

SAO PAULO (Reuters) -Brazilian airline Gol said on Monday it had struck a deal with investors in which they would purchase up to $1.25 billion in debt instruments, a key step toward the carrier's exit ...

The travel industry has faced financial distress over the last year, led by bankruptcy filings by several airlines. Low-cost airline Spirit Airlines was the most prominent airline to file bankruptcy ...