A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.
Makeup company Pat McGrath Labs, known for creating Taylor Swift’s iconic red lipstick, has filed for Chapter 11 bankruptcy.
Filing in the Southern District of Florida, the company listed over $50 million in liabilities, USA Today reports.
In a court… [1087 chars]
Source: AL.com | Published: 2026-02-01T16:34:47Z
Credit: AL.com
