A familiar tune is getting a new verse. Another casino if filing Chapter 7 bankruptcy, only this time it isn’t located in Nevada – or even on land.
The Miami Herald is reporting that the parent company of SunCruz Casinos is filing Chapter 7 bankruptcy in federal court and plans to liquidate the entire company.
Oceans Casino [...]
Brown’s Chicken and Pasta Inc. is staying in court and staying in the headlines.
The Chicago area franchise recently decided to file for bankruptcy on the heels of two lawsuits.
The decision came two months after Dupage County Judge Kenneth Popejoy ordered the company to pay $800,000 to former vice president and minority shareholder Thomas Kennefick.
There was [...]
Vallejo, Calif. is taking drastic measures in attempts to emerge from bankruptcy and reorganize their $51.6 million in debt.
According to an article in BusinessWeek, the city cannot afford to pay its debts and have been in negotiations with creditors in hopes to come to an agreement.
The city filed for Chapter 9 bankruptcy in May 2008. [...]
One of the largest radio broadcasters in the country is filing bankruptcy in New York.
Citadel Broadcasting, owners of 224 radio stations in 26 states, is hoping to reorganize in the face of a rapidly evolving media world, reports the New York Times.
Citadel vast holdings include stations in some of the nation’s biggest markets, including Los [...]
Swimming pool parts manufacturer Latham International recently decided to file bankruptcy. The company makes vinyl liners and components for in ground swimming pools.
A recent Bloomberg article reported the company will reorganize under Chapter 11 bankruptcy.
They filed for bankruptcy in the Delaware Bankruptcy Court as they are $239.4 million in debt with $67 million in assets.
Latham [...]
A French technology and media services company, Thompson SA, filed for the rare bankruptcy Chapter 15 protection in the U.S. The company is located in a Paris suburb.
The company supplies set top boxes and video production services to Hollywood film studios. The bankruptcy court papers state the company’s U.S assets were critical to its operations [...]
One of the largest apartment developers in the nation, Fairfield Residential LLC, recently decided on filing bankruptcy protection in the Delaware Bankruptcy Court.
Based in California, Fairfield owns over 64,000 apartments, condos and off campus student housing. The company also develops, buys and sells real estate property.
The Wall Street Journal reports on the struggles of a [...]
A good name wasn’t enough to keep Boston Blackie’s from filing bankruptcy.
The Chicago Sun-Times reports that the 20-year-old hamburger restaurant chain with eight locations in and around Chicago is reorganizing under Chapter 11. The restaurants should stay open under the filing.
The company, which takes its name from the popular reformed jewel thief of film and [...]
According to Newsweek, many retirement communities are getting hit hard with by residents filing bankruptcy. This leading many of these communities to themselves file for bankruptcy, leaving the elderly worried about what will happen to them and their homes.
Erickson Retirement Communities recently filed for Chapter 11 bankruptcy in Texas. The company has more 12,000 workers [...]
American’s aren’t alone in their economic struggles.
Several news outlets recently offered close-up accounts of the economic difficulties many are facing in Canada.
Reuters reports both business and consumer bankruptcy filings have risen sharply since last year. A weak job market has been partly to blame for a 29 percent increase in personal bankruptcy filings.
The construction, manufacturing, [...]