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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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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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The pandemic takes a bite out, Chuck E. Cheese files for bankruptcy

Chuck E. Cheese — where kids could be kids while parents nursed their headaches — is filing for bankruptcy protection. The 43-year-old chain, which attracted kids with pizza, video games and a singing mouse mascot, was struggling even before the coronavirus pandemic. But he said the prolonged closure of many outlets due to coronavirus restrictions […]

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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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Ruby Tuesday restaurant chain declares bankruptcy : Coronavirus updates : NPR

Chairs are stacked outside a closed Ruby Tuesday restaurant at the Orlando Intercontinental Airport on May 24, 2020. David J. Phillip/AP hide caption toggle caption David J. Phillip/AP Chairs are stacked outside a closed Ruby Tuesday restaurant at the Orlando Intercontinental Airport on May 24, 2020. David J. Phillip/AP Ruby Tuesday is the latest food […]

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American Airlines – The Possible Path to Bankruptcy (NASDAQ:AAL)

I invested in American Airlines (AAL) in the past, and I am a satisfied customer and frequent traveler. The main reason I sold my stock was because I disagreed with American’s capital allocation decisions. American used its cash and incurred additional debt to modernize its fleet while buying back stock. If a business I own […]

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McConnell’s state bankruptcy remarks raise constitutional questions

Municipal finance experts say it may be unconstitutional for Congress to allow states to declare bankruptcy, and even if it is constitutional, it would be a bad idea. State and local finance experts say Congress may not have the right to grant states the ability to file for bankruptcy under the Constitution. They also argued […]

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Vermont hospital to emerge from bankruptcy

A bankruptcy judge has approved a deal for the Springfield, Vt., hospital to emerge from bankruptcy, about a year and a half after filing for Chapter 11 protection, according to the VTDigger. Springfield Hospital and Springfield Medical Care Systems, a group of associated health clinics, filed for bankruptcy in June 2019 after several years of […]

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Chesapeake approved exit from bankruptcy and reduced debt by $7 billion

Chesapeake Energy Corp. won court approval for a reorganization plan that reduces debt by about $7 billion in exchange for surrendering the property to its major lenders, including Franklin Resources Inc. The ruling by US bankruptcy judge David Jones caps a years-long effort to repair the company’s finances, which have ballooned after repeated borrowing to […]

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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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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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Puerto Rico Mounts Muni-Bond Rally to Bankruptcy Deal

By Andrew Scurria Puerto Rico moved closer to resolving the largest municipal debt default in U.S. history after creditors owed about $11.7 billion backed by a settlement framework, the largest backing of Wall Street to date for a restructuring of the main public debts of the territory. The proposed settlement released Tuesday would reduce about […]

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Sizmek files for bankruptcy and faces an uncertain fate

Sizmek filed for bankruptcy Friday evening, ending the private equity-backed effort to integrate Sizmek and Rocket Fuel into a cohesive buy-side tech stack, and possibly ending the Sizmek brand. Sizmek’s bankruptcy filing estimates its assets at between $100 million and $500 million. Although his liabilities are in the same range. Sizmek’s four largest outstanding debts […]

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NHL player with BC ties Evander Kane files for bankruptcy claiming $27 million in debt – Revelstoke Review

San Jose Sharks left-winger Evander Kane, a former star player for the Vancouver Giants, has filed for bankruptcy, listing liabilities of nearly $30 million. First reported by The Athletic, Kane detailed liabilities of $26.8 million and assets – mostly three homes – of $10.2 million, according to his Chapter 7 filing in federal bankruptcy court […]

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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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PG&E Breaks Another Barrier To Bankruptcy With Debt Refinancing

SAN FRANCISCO (AP) – A federal judge on Tuesday approved a settlement that brings Pacific Gas & Electric closer to bankruptcy, but the struggling utility still faces insurmountable obstacles facing the state of California. US bankruptcy judge Dennis Montali signed the agreement to refinance billions of dollars in debt to pay off holders of PG&E […]