Reader’s Digest is ready to turn the page on their bankruptcy filing, but the popular magazine will have to wait while they deal with new issues.
The magazine was about to emerge from Chapter 11 bankruptcy last month but recent developments with their British subsidiary, Reader’s Digest Association LDT, forced them to pull back the reins.
According [...]
A high-profile Chapter 7 bankruptcy case is shocking many residents of the Electric City.
The Scranton Times Tribune takes a look at the dealings, debts and lifestyle of Brian J. Murray, a man the paper calls “one of Scranton’s most prominent civic leaders, downtown developers and political power brokers.”
Fueled by the success of his insurance company, [...]
Bankruptcy cases come in different shapes and sizes. Some can be quick and easy while others take years to settle.
The Catholic Diocese of Fairbanks in Alaska recently settled their bankruptcy case that was first filed two years ago. A judge in Alaska recently approved the reorganization plan, which the church hopes will help them finally [...]
There may be plenty of fish in the sea, but it looks like there may be too many tacos.
Taco Del Mar Franchising, a fast food restaurant chain based out of Seattle, Oregon, recently decided filing bankruptcy after some rapid expansion.
The company was founded in 1992 by two brothers – James and John Schmidt. In 10 [...]
As many businesses, small and large alike, file for bankruptcy, they are forced to plan cost cutting measures to save what little money they have left in hopes to reorganize their debt.
Many of these businesses attempt to cut frivolous expenses. But if that does not impact the budget they unfortunately give their employees the [...]
Pizzeria Uno has gone from deep dish to deep debt.
The popular restaurant chain which grew out of Chicago to include 179 stores in 28 states is filing bankruptcy according to a report in the Chicago Tribune.
Deep dish pizza is trademark of Chicago, but Uno Restaurant Holdings found ways to take the pie worldwide. They operated [...]
Bankruptcy continues to dominate the newspaper headlines as the new year is bringing new filings for a host of notable names.
Over the last two years, many newspapers across the country have decided to file bankruptcy or close completely, including the Chicago Tribune, Rocky Mountain News and Philadelphia Inquirer.
Now, Affiliated Media Inc., owners of more than [...]
The roller coaster bankruptcy ride for Six Flag may be coming to an end.
The theme park company, based in New York, was granted the request to keep their current bankruptcy plan. Reuters is reporting that the company may be fully out of bankruptcy by March.
Six Flags filed Chapter 11 bankruptcy with the Delaware Bankruptcy Court [...]
In a year that seemed to offer little in the way of good news, the 2009 bankruptcy numbers offer little in the way of relief. Job losses, housing foreclosures and the worst recession in many years allowed little breathing room for individuals facing challenging economic times.
The figures, from the National Bankruptcy Research Center, show that [...]
Mesa Air Group’s recent bankruptcy filing is the first for a US airline in almost a year, reports the Wall Street Journal.
Mesa Air is a regional carrier operating on behalf of United Airlines, Delta Airlines and U.S. Airways Group. It flies between 125 cities in the U.S, Mexico and Canada.
It also has a smaller airline [...]