The car-rental company paid more than $16 million in retention bonuses to senior managers, including its new chief executive, just days before it filed for bankruptcy Friday night.

JCPenney furloughed majority of store workers and skipped two recent debt payments.

The Irving-based restaurant chain is in talks with its lenders to try and avoid bankruptcy while at the same time paying out $3 million in executive retention awards.

In its latest move to keep the company afloat while weathering the pandemic storm created by the coronavirus, Toledo table glass and stemware maker Libbey ...

Chesapeake Energy Corp said it would prepay a total of $25 million in incentive compensation to 21 top executives to ensure they are motivated, even as it prepares to file for bankruptcy protection...

Frontier Communications Corp. received court approval to pay as much as $37.7 million in bonuses to encourage existing employees to remain with the company through its restructuring.

Whiting Petroleum Corp.’s board approved $14.6 million in cash bonuses for top executives days before the shale oil producer filed for bankruptcy.

Borden Dairy Co. received approval to implement two bonus programs worth up to nearly $4 million for incentivizing executives and retaining other “key employees” as the bankrupt milk producer looks...

Oklahoma oil and gas producer Chaparral Energy Inc on Monday warned of its ability to continue as a going concern amid a historic plunge in commodity prices and said it has hired legal and financial...

Commercial printing company LSC Communications got the nod from a New York bankruptcy judge Monday to accept $100 million in Chapter 11 financing and to pay up to $14 million in executive bonuses.

The energy contractor, which filed Chapter 11 in January, has received permission to provide up to $26.8 million in total incentives for 13 management team members and the rest of the amount to 1,112...

Cyrus Capital Partners, a $4 billion investment advisory firm with offices in New York and London, said Intelsat appears to be headed for a Chapter 11 bankruptcy filing after it skipped a $125...

The creditors committee called the PES bankruptcy reorganization plan “an artifice for doling out control, bonuses, and releases to insiders." A rival refinery buyer may present an improved proposal...

The judge's approval of the bonus marks one of the most significant rulings so far in the Stamford-based OxyContin maker's bankruptcy.

The company wants to dole out $2.3 million in payments.

The Denver-based company has become the latest oil-and-gas driller to file for bankruptcy after handing out retention bonuses to top management and putting creditors in position to take over the...

Ascena Retail Group has provided bonuses as it looks to retain and motive its executive team.

The company updated a list of 248 stores to close by the end of 2020, including locations in Miami, NYC and San Diego.

A Texas bankruptcy judge on Thursday overrode objections by the government bankruptcy watchdog to discount chain Stage Stores Inc.'s proposal to pay up to $1.7 million in bonuses to its top executi...

Wauwatosa-based engines manufacturer Briggs & Stratton Corp. could fall into bankruptcy as it struggles to complete its reorganization plan with the negative impacts of the Covid-19 pandemic.

Oil and gas companies are hurtling toward bankruptcy, raising fears that wells will be left leaking planet-warming pollutants, with cleanup costs left to taxpayers.

Neiman Marcus is asking the bankruptcy court to give raises to chief executive officer Geoffroy van Raemdonck, seven additional executives who make up the...

"It seems outrageous that these executives pay themselves before filing for bankruptcy," Kathy Hipple, an analyst at the Institute for Energy Economics and Financial Analysis and a finance professor...

Houston-based Hi-Crush Inc., one of the leading Lower 48 northern white sand providers, is seeking voluntary bankruptcy protection under Chapter 11 to

The Lake Forest-based drugmaker listed as much as $10 billion of debt and $10 billion of assets in its Chapter 11 petition.

Stacy Locke is leaving the top spot at beleaguered Pioneer Energy Services Corp., but the longtime CEO won’t depart empty-handed — he’s receiving $1.65 million in cash severance payments. Pioneer...

The parent of Men’s Wearhouse and Jos. A. Bank plans to pay about $3.3 million in incentive compensation to its executives as the distressed company faces the possibility of filing for bankruptcy.

Gym chain 24 Hour Fitness told the Delaware bankruptcy court Wednesday it is seeking to pay 22 of its senior managers up to roughly $9 million in bonuses if certain performance benchmarks are met as...

Alaska's largest rural airline has declared bankruptcy, laid off more than 1,000 workers and is selling off its assets. But the company still wants to split $250,000 in bonuses between its highly-p...

One of the country’s largest mall owners, pummeled by the Covid-19 pandemic, plans to file for chapter 11 by Oct. 1 as part of debt-for-equity swap with bondholders.