53-year-old restaurant chain is quietly closing locations nationwide - Hearing about restaurant closures has become increasingly common, but the news often hits the hardest when long-standing establishments shut their doors. These restaurants represent far more than just places to eat; many have become promine
Chipotle rival Mexican chain closed all its restaurants - In many cases, a Chapter 11 bankruptcy does not mean the end for a restaurant chain. That's at least partially because brand names have value, and as long as the finances can be worked out with creditors, there will usually be more investor
Another airline files for Chapter 7 bankruptcy, all flights canceled - Along with the sudden shutdowns of commercial airlines like Play and Blue Islands, a number of charter and fractional carriers also filed for bankruptcy in 2025. Florida-based Verijet and Montana charter carrier Corporate Air both initiated
iRobot Roomba goes bankrupt as China firm takes over - Once hailed as a pioneer of smart-home technology, the company that brought robot vacuums into everyday households is now facing a harsh reality. iRobot, the maker of Roomba, has filed for Chapter 11 bankruptcy, as a Chinese firm steps in t
46-year-old bankrupt Italian chain closes most restaurants - Back in 1981, pizza places that also served fancier Italian dishes were somewhat rare. In Boston, you could go to high-end, traditional Italian restaurants in the city's famed North End, but pizza was not generally on their menus. Yes, that