Opinion: The $5 million threshold for bankruptcy examiner appointments is outdated, and the Bankruptcy Code should be amended to reflect that.

A two-year process may soon be wrapped up, but hedge fund MFN Partners has insisted certain creditors would have too much influence over who gets the funds.

Claire’s, the teen-focused jewelry and accessory retailer, has filed for Chapter 11 bankruptcy. This is the company’s second bankruptcy filing, after a previous filing in 2018. The top four listed ...