Chapter 11

As of March of this year, Chicken Soup for the Soul had about $414 million in assets and $970 million in debts. Shares for the public company have fallen more than 90% over the last year.

USAG says the filing will help resolve claims against it by athletes who allege abuse by former team doctor Larry Nassar. But bankruptcy may disrupt the pending legal actions against the organization.

The largest U.S. toy chain filed for Chapter 11 bankruptcy protection late Monday. Toys R Us plans to use $3 billion in bankruptcy financing to buy merchandise from vendors and fund operations.

The sporting goods retailer is looking to restructure its debt and close or sell approximately 140 stores. The Colorado-based retailer operates more than 460 locations.

The maker of sporting apparel and gear announced that it had entered into a plan to reduce its debt by more than $500 million.