Saks Global, the parent company of Neiman Marcus, Saks Fifth Avenue and Bergdorf Goodman, officially emerged from Chapter 11 bankruptcy Friday with fewer stores, less debt, a more focused strategy to pamper the affluent — and a new name.

Spirit Airlines' parent company says it expects to exit Chapter 11 bankruptcy in late spring or early summer after striking a preliminary deal with lenders.

Spirit Airlines has filed for fresh bankruptcy protection months after emerging from a Chapter 11 reorganization.

Struggling fabric and crafts seller Joann plans to close about 500 of its stores across the U.S. — or more than half of its current nationwide footprint.

Rite Aid is closing more than a dozen stores in Michigan after the company filed for Chapter 11 bankruptcy this week.

Rite Aid is closing more than a dozen stores in Michigan after the company filed for Chapter 11 bankruptcy this week.

A New Jersey drugmaker ensnared in the fallout from America's opioid crisis is seeking bankruptcy protection. Under the proposed settlement, opioid claims would be channeled to trusts that receive $1.6 billion in structured payments. A court-appointed committee representing thousands of plaintiffs in the opioid lawsuits will recommend support for the amended agreement, Mallinckrodt said. Trading in company shares, which dipped under $1 for the first time this month as investors bailed out, were halted at the opening bell Monday. Mallinckrodt plans to slash its debt by about $1.3 billion and it will continue to operate during the process.

LIVONIA, Mich. The once-bustling California Pizza Kitchen (CPK) inside Laurel Park Place mall in Livonia is closing up shop due to challenges with the landlord and the COVID-19 pandemic. We look forward to welcoming you at our other locations and invite you to continue checking CPK.com for updates, reads the statement. In order to implement this agreement, we filed for voluntary Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas, reads the letter. The restructuring agreement includes a commitment for $46.8 million in new financing which will enable ongoing operation of CPK restaurants. We anticipate a short stay in Chapter 11 and expect to progress on an expedited timeline - our goal is to complete the Chapter 11 process in under three months.Laurel Park Place mall is situation on the corner of Newburgh and 6 Mile roads in Livonia.

Art Van Furniture officially files for Chapter 11 bankruptcyPublished: March 9, 2020, 6:24 amThe furniture store will close all company-owned stores in at least five states as the retailer heads toward liquidation after more than 60 years in business.

WARREN, Mich. – The Warren-based furniture chain Art Van Furniture may be filing for bankruptcy. UPDATE: Art Van Furniture to close all stores; liquidation sales begin March 6According to Crain’s Detroit, the private equity owner is looking for a possible buyer for the company and might file for Chapter 11 bankruptcy. A representative for Art Van Furniture told Local 4, “We are actively exploring a variety of options with our creditors, investors and landlords to ensure Art Van can continue serving our guests and our communities. It is premature at this time to comment further as no final decisions have been made. In the meantime, our stores are open, and it is business as usual."