bankruptcy

It’s a difficult year for many farmers in the United States.  A wet spring flooded crops and delayed planting across the Midwest, while trade conflicts with China and other countries continue to wreak chaos on incomes.

For some farms, this year’s losses, even with federal trade-relief payments, will force them to file for Chapter 12 bankruptcy. And that's easier now that a new law raised the level of debt allowed for a Chapter 12 filing.

Sears — the iconic American retailer that has sold everything from clothing and toys to refrigerators and socket wrenches over its more than 125-year history — may have reached the end. The Sears Holdings company filed for Chapter 11 bankruptcy on Monday after failing to make a $134 million debt payment.

The Weinstein Company Holdings LLC announced that it has filed for voluntary bankruptcy and entered into an agreement to sell its assets to a Dallas-based equity firm.

It also announced that it is ending all nondisclosure agreements that prevented victims of alleged sexual misconduct at the hands of disgraced Hollywood mogul Harvey Weinstein from talking about their experiences.

The Weinstein Co. will enter into a "stalking horse" agreement with an affiliate of Lantern Capital Partners in conjunction with entering into bankruptcy proceedings.

Quiksilver, the clothing company that has sold surfing gear since 1969, is seeking relief from its creditors under Chapter 11 of the U.S. bankruptcy code. The filing is for the company's American division; it comes on the day Quiksilver had been scheduled to discuss its third-quarter financial results.

The maker of sporting apparel and gear postponed that conference call, instead announcing that it had entered into a plan to reduce its debt by more than $500 million.

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DAVID GREENE, HOST:

The party's over for Columbia House, the music and movie subscription company that has been called "the Spotify of the '80s."

Filmed Entertainment Inc., which owns Columbia House, filed for Chapter 11 bankruptcy protection on Monday in a Manhattan court after more than two decades of declining revenues, according to a company statement.