Soma Biswas
Special Writer at The Wall Street Journal
Special Writer at WSJBankruptcy focusing on distressed investors. Email me at [email protected].
Articles
-
1 week ago |
wsj.com | Soma Biswas
Joann’s suppliers have filed a lawsuit alleging company executives falsely painted a rosy picture of the fabric and craft retailer’s financial condition to persuade them to continue selling merchandise after it exited its first bankruptcy last year. The company failed to turn itself around and filed for chapter 11 a second time in January, shutting all of its stores and selling off its branding to rival Michaels earlier this month.
-
1 month ago |
wsj.com | Soma Biswas
The hospital company doesn’t have enough cash to repay its top-ranking debts while planning $125 million litigation campaignMay 27, 2025 5:35 pm ET|WSJ ProSteward Health Care System is proposing to settle its most essential bills to vendors and taxing authorities, offering them a maximum of half of what they are owed for goods and services provided during the hospital operator’s bankruptcy.
-
1 month ago |
wsj.com | Soma Biswas |Akiko Matsuda
The Philadelphia-based chain entered bankruptcy again to seek buyers for its assetsMay 5, 2025 6:30 pm ET|WSJ ProRite Aid filed for bankruptcy on Monday, its second chapter 11 filing within two years, to look for buyers for its assets. The Philadelphia-based chain shut down hundreds of stores in its last bankruptcy, resolved government and private lawsuits over its opioid prescriptions, and handed control of the business to bondholders.
-
1 month ago |
finance.yahoo.com | Soma Biswas
Rite Aid filed for bankruptcy on Monday, its second chapter 11 filing within two years, to look for buyers for its assets. The Philadelphia-based chain shut down hundreds of stores in its last bankruptcy, resolved government and private lawsuits over its opioid prescriptions, and handed control of the business to bondholders.
-
1 month ago |
wsj.com | Soma Biswas |Alexander Gladstone
The Warburg Pincus-owned company has over 160 stores under the Gabe’s and Old Time Pottery names in the Mid-Atlantic and SoutheastMay 5, 2025 4:56 pm ET|WSJ ProGabe’s, a private-equity-owned chain of discount department stores, is in discussions to hand control to a group of lenders as it faces a potential pullback in consumer spending, people familiar with the matter said.
Try JournoFinder For Free
Search and contact over 1M+ journalist profiles, browse 100M+ articles, and unlock powerful PR tools.
Start Your 7-Day Free Trial →Coverage map
X (formerly Twitter)
- Followers
- 1K
- Tweets
- 1K
- DMs Open
- No
RT @jodixu: Fast-fashion retailer Forever 21 is considering filing for bankruptcy after exiting its last chapter 11 roughly five years ago,…
My scoop with Heather Haddon: TGI Fridays nears bankruptcy filing https://t.co/FV851N511V via @WSJ
My exclusive story on the latest twist in battle over the Bausch + Lomb: Bausch turned down debt-restructuring proposals from bondholders as it explores a sale of its vision care subsidiary, people familiar with the matter said https://t.co/P81YOLTD6F via @WSJ