Chapter 11 News
Latest articles and news about Chapter 11 on AXL Media.
Latest Articles
- CVS Subsidiary Omnicare Moves Toward May Liquidation Sale Following Massive One Billion Dollar Fraud Judgment
Published: Apr 16, 2026
Section: Banking & Finance
Omnicare, the long-term care pharmacy unit owned by CVS Health, is entering a court-supervised auction process after a federal judge imposed nearly $1 billion in penalties for frau...
- Major Carl’s Jr. Franchisee Files for Chapter 11, Putting 65 California Locations at Risk
Published: Apr 8, 2026
Section: AXL News
Friendly Franchisees Corporation (FFC), one of the largest Carl’s Jr. operators in California, has filed for Chapter 11 bankruptcy protection. The filing, submitted through several...
- Luxury Theater Chain iPic Files for Bankruptcy and Sets Asset Sale in Motion
Published: Mar 6, 2026
Section: Companies & Industry
The premium dine-in cinema market is facing a significant contraction as iPic Entertainment officially filed for Chapter 11 bankruptcy protection. The Florida-based company, known...
- Financial Turmoil at the Track: Hawthorne Race Course Files for Chapter 11 with $8.75 Million Debt to Fanatics Sportsbook
Published: Feb 28, 2026
Section: Online Gambling
Hawthorne Race Course, a historic Chicago-area racing staple, has filed for voluntary Chapter 11 bankruptcy reorganization as of late February 2026. The filing reveals a staggering...