The Indonesian government ensures that 50,000 Sritex employees will not lose their jobs despite the company's bankruptcy.

The company said it had assets and liabilities worth between $1 billion to $10 billion. Conn's HomePlus, a 134-year-old retailer of furniture and electronics, has recently filed for bankruptcy and announced plans to close more than 70 stores nationwide.

Chicken Soup for the Soul Entertainment filed for Chapter 11 bankruptcy, disclosing $970 million in debt.

The expiration of a popular US law on Friday has tightened bankruptcy rules for mid-sized and small businesses.

Rite Aid is closing more than 20 US stores, according to court documents filed this week in its federal bankruptcy case.

Spirit Airlines CEO reassured that they are not considering Chapter 11 bankruptcy following the collapse of its acquisition by JetBlue Airways.

Red Lobster has filed for Chapter 11 bankruptcy protection, citing high operational costs and an unprofitable unlimited shrimp promotion. It plans to transfer control to its lenders with $100 million in financing from Fortress Investment Group.

Genesis Global, a bankrupt crypto lending firm, has been allowed by a court to return approximately $3 billion in cash and cryptocurrency to its customers.

Air Vanuatu has filed for bankruptcy protection after it canceled all its international flights, which left thousands of passengers stranded.

The plan, pending court approval, details that almost all customers will be reimbursed the funds they are owed, with some receiving amounts exceeding their original claims.