bankruptcy

Once a formidable fast-fashion mall staple, Forever 21 has filed for bankruptcy. The retailer has been a shell of its former self since it first filed for bankruptcy in 2019.

The ruling by a U.S. bankruptcy judge in Houston further complicates how and when Jones' bankruptcy case will be resolved and when the families he defamed will be paid.

This Week in Oklahoma Politics panel discusses an upcoming subpoena from the Ethics Commission to State Superintendent Ryan Walters concerning his run for office in 2022, Gov. Kevin Stitt's call to create an Oklahoma State Guard and bills to watch ahead of the 60th legislative session on Feb. 3.

Electric vehicle manufacturer Canoo announced it was filing for bankruptcy Friday. The Oklahoma government was not just a customer but also a de facto investor in Canoo, offering more than $100 million in incentives to bring facilities to the state.

Big Lots said Friday it will be sold to Gordon Brothers Retail Partners, a firm that specializes in distressed companies.

The national discount retailer says that a previously announced deal to sell itself to a private-equity group fell through.

The bidder that lost last month's auction of conspiracy theorist Alex Jones' assets had complained that the process was rigged and "fatally flawed."

The Onion's bid came out on top, but a bankruptcy judge must sign off on the sale. Conspiracy theorist Alex Jones and the losing bidder says the process was "rigged" against them.

Spirit Airlines says it will continue flying as it files for Chapter 11 bankruptcy protection. Monday's announcement follows years of losses and a failed merger attempt for the low-cost carrier.

The casual dining chain, which saw dozens of its U.S. restaurants close this year, said its financial woes stem from the coronavirus pandemic.