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Hospitality Investors Trust Bankruptcy – Notice to Investors

Investor Alert: Hospitality Investors Trust REIT Hospitality Investors Trust REIT and its operating partnership have filed for bankruptcy and investors are suing to recover their losses. NEW YORK CITY, NY, USA, June 23, 2021 /EINPresswire.com/ – Last week, Hospitality Investors Trust and its operating partnership filed for redress under Chapter 11 of the US Bankruptcy […]

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Petersen-Dean files for Chapter 11 bankruptcy

JANUARY 2021 UPDATE: A company called SolarJuice American has taken over the Petersen-Dean solar contracts. Customers with concerns should contact the new company or contact Petersen-Dean directly at [email protected] or 1-800-564-0362. Petersen-Dean, a multi-state residential solar and roofing installer, has filed for Chapter 11 bankruptcy in Nevada. In a statement, the company said the voluntary […]

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AAF files sealed for Chapter 7 bankruptcy

The Alliance of American Football, which suspended operations earlier this month midway through its first season, filed for bankruptcy protection in Texas court on Wednesday. Based on the filing of assets and liabilities, the league — under the limited liability company Legendary Field Exhibitions LLC — had $11,372,298.68 in assets and $48,366,188.90 in liabilities. These […]

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16 celebrities who went bankrupt or filed for bankruptcy

Lisa Marie Presley and Johnny Depp recently made headlines for their battles with their CEOs over huge amounts of money they lost or spent (or were scammed – but that’s yet to be determined) . Lisa Marie says she only has $14,000 left in her bank account. These two very famous people are not the […]

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Tattered Wealth: A Brief History of Bankruptcy in Pop | The music

Pioneers of the 70s and 80s Long before 50 Cent filed his bankruptcy “strategic company” this week, high-profile funk, soul and pop artists had asked to manage their debt, saying they lacked the money to pay it off. In 1976, Marvin Gaye filed for bankruptcy after the costs of his cocaine use and rising alimony […]

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8 tips for dealing with bankruptcy

Knowing how farm leases are handled in bankruptcy helps tenants and landlords protect their businesses. According to Eric Johnson, a farm and bankruptcy attorney with Spencer Fane in Kansas City, Missouri, farm restructuring bankruptcies occur under Chapter 12 or Chapter 11 of the bankruptcy code. Farms that exceed Chapter 12 small farm debt limits must […]

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Bankruptcy aid for farmers would worsen banks’ credit risk

President Trump is set to sign legislation that could shift more of the fallout from the escalating trade war with China onto the backs of agricultural banks. The Senate last week passed the Family Farmer Relief Act, which would allow more heavily indebted farmers to file for bankruptcy under Chapter 12. This chapter of the […]

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Filing for bankruptcy protection is a possible lifeline for struggling U.S. retailers

The list of US retailers that filed for bankruptcy during the sharp economic contraction of 2020 is long and varied. Companies range from those selling cheap, off-brand products to century-old brands that cater to the rich and famous. Lord & Taylor was one of many businesses hit hard by stay-at-home orders brought on by the […]

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Aged care companies that lost wages file for bankruptcy

CONCORD — The operators of several Bay Area residential aged care sites have filed for bankruptcy following two unfavorable rulings that left the companies paying millions of dollars in unpaid wages to several employees. Welcome Home Senior Residences, Cardinal Care Management and S&S Investments, all led by Director of Residential Care Steve Chou, have filed […]

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What’s going on with the bankruptcy of PG&E?

It has been almost a year since Pacific Gas & Electric Co. filed for bankruptcy. And time is running out for California’s largest utility to come up with a bankruptcy exit plan that will satisfy the key groups affected by its reorganization – shareholders, bondholders, employees, retirees, state officials and victims of fires linked to […]

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Hornbeck Offshore Plans to File for Chapter 11 Bankruptcy Protection | Coronavirus

Covington-based Hornbeck Offshore Services Inc. plans to file for Chapter 11 bankruptcy protection soon. The shipping company told investors it plans to file prepackaged bankruptcy in the Southern District of Texas to reorganize the company. He recently reached agreements with creditors to forbear several different loans, which were largely due in April. “The company is […]

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Destin water park owners file for bankruptcy

DESTIN – The owners of well-known Destin water park filed for bankruptcy and sold the property earlier this year. The story about the situation was one of the News Herald’s most viewed stories of 2020. Apex Parks Group, which bought the Big Kahuna water and adventure park in 2014, announced in April that it had […]

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Utica Shale Stalwart Gulfport Energy Files for Bankruptcy

Gulfport Energy Corp. filed for Chapter 11 bankruptcy on Friday, becoming the latest exploration and production (E&P) company this year to succumb to low commodity prices worsened by the Covid-19 pandemic. The company said it had the backing of 95% of its revolving credit facility lenders and other creditors holding more than two-thirds of its […]

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Latest Claire’s retailer to file for bankruptcy

Claire’s Stores is the latest victim of the drop in traffic in American malls. The retailer that caters to teenage girls with makeup, jewelry and ear piercings on Mondays deposit for Chapter 11 bankruptcy protection, saying it had an agreement with creditors to restructure about $1.9 billion in debt. The move brought Claire’s on the […]

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Personal Perspective: Bankruptcy Law Changes Could Help Distressed Restaurants

Running a small restaurant or an independent restaurant has always been a challenge. Even in the best of times, tight margins and fixed expenses mean that many new restaurants never celebrate their first anniversary. Now, restrictions on on-site dining under stay-at-home orders instituted to fight the COVID-19 pandemic have evaporated the profits of many otherwise […]

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Dairy giant Borden files for bankruptcy protection

Borden, the dairy farmer founded a century and a half ago, has filed for Chapter 11 bankruptcy, the last victim an industry battered by falling prices, rising costs and changing tastes. The company, which is based in Dallas and reported sales of $ 1.18 billion in 2018, has tried to adjust to these unfavorable trends […]

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“We need the community to support us”: Bankruptcy Court Approves Springfield Hospital Network Plan | News

SPRINGFIELD, Vermont. – Springfield Medical Care Systems (SMCS) and Springfield Hospital have been cleared out of Chapter 11 bankruptcy after an 18-month process to adjust organizations’ debt and restore their healthcare operations to a fiscal management level. The U.S. Vermont District Bankruptcy Court on Thursday upheld Chapter 11 reorganization plans for the SMCS and Springfield […]