Judge tossed plus-sized retailer's Chapter 11, liquidation likely
Yahoo Finance·2025-12-24 18:33

A Chapter 11 bankruptcy filing must be submitted by individuals with full corporate authority. Filings by unauthorized parties can be challenged, and courts often disagree on how such restrictions in organizational or loan documents are enforced. The question of who has the authority to file bankruptcy isn’t just a legal technicality. It can directly affect creditors’ ability to recover funds and shoppers’ confidence in the company’s ongoing operations. "Courts disagree over whether provisions in a borr ...