Chapter 11 bankruptcy filing
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Air Cargo
El Al crisis worsens, Aeromexico opts for bankruptcy
Airlines are sweating the coronavirus pandemic despite the recent upturn in travel. El Al says it might fail and Aeromexico went the bankruptcy route.
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Layoffs and Bankruptcies
Trailer sales and leasing company files for bankruptcy protection
The family-owned company, which filed for Chapter 11 bankruptcy protection, has been in business since 1994 and has 23 employees.
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Air Cargo
LATAM Airlines files for bankruptcy protection
LATAM Airlines is looking for protection from creditors as it downsizes, something that all airlines are trying to figure out how to do in the…
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Business
Breaking: Car rental giant Hertz files for Chapter 11 bankruptcy protection
Car rental giant Hertz files for Chapter 11 bankruptcy protection after failing to reach an agreement with creditors; blames COVID-19 pandemic for economic freefall
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News
Former Celadon employees, drivers describe chaos after abrupt bankruptcy filing
Days after thousands of employees and truck drivers for Celadon Group Inc. received word that one of North America’s largest carriers was filing for Chapter…
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Finance
Celadon Group makes bankruptcy official, shuts down after 34 years
The official announcement followed a chaotic weekend of credit, customer, and driver issues,
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News
North Carolina logistics company files for Chapter 11 bankruptcy reorganization
A Durham, North Carolina-based logistics company filed for Chapter 11 bankruptcy reorganization on June 13.
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