file for bankruptcy

The popular vodka brand files for Chapter 7 bankruptcy for liquidation

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The popular vodka brand files for Chapter 7 bankruptcy for liquidation

The spirits industry has faced economic problems since the end of the Covid-19 pandemic, which continues to grow. Reasons cited for financial difficulties include the lingering effects of the Covid-19 pandemic, rising operational costs caused by inflation, falling demand for alcoholic beverages and legal issues. A parade of distilleries went to bankruptcy court in 2025, … Read more

The owner of the iconic pizza and burger chains is nearing Chapter 11 bankruptcy

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The owner of the iconic pizza and burger chains is nearing Chapter 11 bankruptcy

When companies file for bankruptcy, it’s often not because they don’t have positive cash flow. Bankruptcies can happen simply because a company can’t generate the cash it needs to service its debt. In many cases, if you took on that debt, the business itself would actually be successful. That’s the argument, Andy Wiederhorn, CEO of … Read more