Rubio’s files for bankruptcy protection

San Diego-based Rubio’s Restaurants, Inc. has filed for Chapter 11 bankruptcy because it seeks financial stability and better rental terms in a business environment uprooted by the pandemic. On Monday, the 37-year-old private company filed documents with the United States bankruptcy court for the District of Delaware in an effort …

Read More »

Firms Consider Cheaper, Faster Subchapter 5 Bankruptcies

More and more small and medium-sized enterprises (SMEs) have filed for bankruptcy using an expanded subchapter 5 process in an effort to take advantage of its lower costs and simpler steps. But it could be the wrong option if you’re not ready to act quickly, bankruptcy specialist Andrea Hartley told …

Read More »

McConnell says he prefers state bankruptcy to more federal aid

WASHINGTON (Reuters) – U.S. Senate Majority Leader Mitch McConnell on Wednesday opened the door to allowing U.S. states to file for bankruptcy to deal with economic losses resulting from the coronavirus outbreak that are deepening big holes in their budgets. FILE PHOTO: U.S. Senate Majority Leader Mitch McConnell (R-KY) speaks …

Read More »