bankruptcy

The largest global industrial wood pellet supplier filed for Chapter 11 bankruptcy protection, announcing its intention to cut about $1 billion of debt by restructuring agreements with creditors, including those who have invested heavily in new facilities. That includes a plant in Alabama.

FAIRFIELD, Ala. (AP) — The Birmingham suburb of Fairfield has become the latest local government in Alabama to file for bankruptcy. News outlets report…

A Southern restaurant chain known for tiny hamburgers and late-night service has filed for bankruptcy. Federal court documents show the Krystal Co. sought…

The city of Huntsville is reiterating its support for a firearms manufacturer that recently filed for bankruptcy.Huntsville officials released a statement…

Financially troubled Jefferson County plans to quit admitting patients to its hospital for the poor. The County Commission voted 3-2 Tuesday to end…

Many cities around the country are faced with growing costs and shrinking revenue. Despite making sweeping cuts, Stockton, California recently became the largest city to file for bankruptcy. Host Michel Martin talks with Stockton Mayor Ann Johnston about how she's managing a city that's operating in the red.