Santa Clarita-based Dynamic Aerostructures, a manufacturer of aerospace components, has filed for Chapter 11 bankruptcy. Dynamic Aerostructures, which makes for military aircraft as well as private firms such as SpaceX and Blue Origin spacecraft, has filed for Chapter 11 bankruptcy, with plans to sell the company at a court-supervised auction. Dynamic Aerostructures reported $10 million to $50 million in assets ...

Discount retailer Big Lots has filed for Chapter 11 bankruptcy, the company announced Monday. “We are proud of the work we do every day across Big Lots to provide our customers with unmistakable value and exceptional savings, as well as building stronger communities through our philanthropic efforts,” said Bruce Thorn, President and Chief Executive Officer, in a statement Monday. “The ...

Rite Aid is set to yet again shut down over 70 stores across the nation this year due to financial hardships. Will we lose our one and only location?  Over 70 Rite Aid stores nationwide are set to be closed across the United States as a part of the retailer’s voluntary bankruptcy, however Santa Clarita’s lone remaining location is expected ...

Major craft retailer JOANN filed for Chapter 11 bankruptcy Monday morning. Known as a supplier of craft materials, home decor, and sewing supplies, JOANN increased interest rates and decreased sales after COVID-19. As of the filing, the company held over $1.06 billion in debt, according to court documents. Of the 800 locations nationwide, including the store in Santa Clarita, none ...

Stein Mart announced Wednesday the company has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in Florida. The clothing retailer has filed customary motions with the bankruptcy court that is set to authorize, upon approval, the ability to maintain operations in the ordinary course of business, including, the payment of employee wages and benefits without interruption, ...

California Resources Corporation (CRC), a Santa Clarita-based oil and natural gas exploration and production company, announced Wednesday that the company has filed for Chapter 11 bankruptcy. CRC, the largest oil and gas producer in California, is now struggling from lowered crude oil prices due to reduced demand amid the COVID-19 pandemic. “We have consistently operated within cash flow, significantly reducing ...

The parent company of Chuck E. Cheese, CEC Entertainment Inc., has filed for Chapter 11 bankruptcy Wednesday but are continuing to re-open locations in accordance with the Center for Disease Control.   CEC Entertainment announced Wednesday that they have filed for voluntary Chapter  11 bankruptcy in order to overcome the financial strain resulting from prolonged, COVID-19 related venue closures, according to ...

National gym chain 24 Hour Fitness announced Monday that the company had filed for bankruptcy and the closure of 100 locations nationwide, however, the Santa Clarita location remains on track to reopen in one week. The announcement came as the ongoing COVID-19 pandemic has forced the company to keep its locations shut down for months. “If it were not for ...