The text of the law states its purpose is “to permit landlords to go out of business.” Sometimes that means completely demolishing an apartment building. In other cases it means converting ...

Red Lobster sought to reassure customers that it will not be going out of business despite filing for Chapter 11 bankruptcy. The company issued a statement on Tuesday acknowledging its current ...

Restaurant chain Red Lobster has claimed it is not going out of business, seeking to clarify its recent move to file for bankruptcy this week. The seafood chain filed for bankruptcy protection in ...

"Filing for bankruptcy does not mean we are going out of business," reads part of the statement. "In fact, it means just the opposite. It is a legal process that allows us to make changes to our ...