The festive-goods supplier has struggled with changing consumer habits as Americans cut spending amid high inflation. BY Jennifer Mattson The party is over for Party City, which is closing all its stores and going out of business after 40 years of supplying balloons, cups, candles, and tableware for everything from birthday and anniversary parties to … Continue reading Party City wraps up 40 years in business, will close all locations imminently
By cutting filing costs, closing exploitative loopholes, and treating student loan debt like any other debt, the bill promises a more just system. BY Sarah Bregel On Wednesday, Senator Elizabeth Warren reintroduced legislation that would make filing for bankruptcy easier and more affordable for individuals who are struggling financially. Warren first introduced the legislation, the Consumer … Continue reading Elizabeth Warren’s second attempt at bankruptcy reform seeks balanced relief
November 04, 2024 TGI Fridays bankruptcy update: Will more restaurant locations close amid Chapter 11? Fridays is the latest restaurant chain to file for bankruptcy protection in a year where customers are eating out less and operating costs are on the rise. BY Tracy Brown Hamilton American casual dining restaurant chain TGI Fridays has filed for Chapter 11 bankruptcy … Continue reading TGI Fridays bankruptcy update: Will more restaurant locations close amid Chapter 11?
October 14, 2024 Hardware store True Value files Chapter 11, joins list of retailers going into bankruptcy this year The long-standing home-improvement wholesaler says its 4,500 locations will stay open as the company sells its operations to rival Do It Best. BY Sarah Bregel A long-standing hardware wholesaler, True Value, is filing for bankruptcy. The 75-year-old … Continue reading Hardware store True Value files Chapter 11, joins list of retailers going into bankruptcy this year
September 06, 2024 2,000 employees to lose jobs as LL Flooring, formerly Lumber Liquidators, ceases operations The company closed nearly 100 stores earlier this year. BY Sarah Bregel LL Flooring, a competitor of Home Depot and Lowe’s, is going out of business. The company, founded in 1993 and previously called Lumber Liquidators, has been one of … Continue reading 2,000 employees to lose jobs as LL Flooring, formerly Lumber Liquidators, ceases operations
August 29, 2024 Nationwide listeria ice cream recall leads to Chapter 11 bankruptcy filing and layoffs for Totally Cool brand The Maryland-based company made headlines this summer when dozens of its products were identified in an FDA recall notice as posing a possible health risk. BY Michael Grothaus We all know that food recalls can have … Continue reading Nationwide listeria ice cream recall leads to Chapter 11 bankruptcy filing and layoffs for Totally Cool brand
August 13, 2024 LL Flooring is closing stores in bankruptcy: Full list and map of 94 doomed locations The company is the latest national retailer to announce a reduction in its physical footprint as it seeks to turn around its fortunes through Chapter 11. BY Michael Grothaus Premier flooring retailer LL Flooring Holdings, Inc. has announced … Continue reading LL Flooring is closing stores in bankruptcy: Full list and map of 94 doomed locations
July 01, 2024 Redbox owner’s bankruptcy filing is the final nail in the coffin for DVDs Chicken Soup for the Soul, which owns DVD rental chain Redbox, claimed $970 million in debts in its Chapter 11 filing. BY Henry Chandonnet Those red DVD kiosks peppering Walgreens across the country may have reached their end. Last week, … Continue reading Redbox owner’s bankruptcy filing is the final nail in the coffin for DVDs
The owner of Redbox has filed for Chapter 11 bankruptcy Chicken Soup for the Soul Entertainment is $970 million in debt. cheyenne macdonald Updated Sat, Jun 29, 2024 REUTERS / Reuters Chicken Soup for the Soul Entertainment, which acquired the movie rental service Redbox in 2022, has filed for Chapter 11 bankruptcy protection, … Continue reading The owner of Redbox has filed for Chapter 11 bankruptcy
Hyperloop One is shutting down The company once wanted to build a high-speed transportation system between Europe and China. Mariella Moon Updated Fri, Dec 22, 2023 David Becker via Getty Images Hyperloop One had once dreamed of building a high-speed freight link between Europe and China, one that could take cargo from one end … Continue reading Hyperloop One is shutting down
