#bankruptcy

#bankruptcy

The couple filed for bankruptcy, revealing $2.3 million in liabilities, including $511,000 owed to over 40 creditors, despite Ronn Owens' lengthy career.

Flagstar Bank has accused billionaire landlord Joel Wiener of mismanaging his properties and disputing the value appraisals, raising alarms over his financial dealings.

Miles "Burt" Marshall was widely trusted in upstate New York, promoting an "8% Fund" investment scheme that ultimately proved to be a Ponzi scheme, leading to his bankruptcy.

John Barnes is facing a new bankruptcy petition from HM Revenue & Customs over debts from his liquidated media company, totaling over £1.5 million.

More than 2,000 jobs are at risk after Claire's UK entered administration, a week after its American parent company filed for Chapter 11 bankruptcy protection.

The revamp efforts saw Friendly's into its next era - that is, until 2020. When the COVID-19 pandemic struck, restaurants were especially affected, including Friendly's.

The Distilled Spirits Council reports domestic whiskey sales grew from $1.3 billion in 2003 to $5.27 billion in 2023, a roughly 300% increase.

While filing for bankruptcy can present financial challenges, it is crucial to understand that it does not permanently close the door on homeownership. Many individuals successfully purchase a home after navigating the bankruptcy process.

SchwuZ has served as more than a nightlife venue for nearly 50 years, creating a community space for queer art, family, and resistance, helping shape Berlin's LGBTQ+ identity.

Rax Roast Beef was initially successful, reaching its peak with 504 locations across the U.S. and Guatemala, but later faced decline due to poor marketing decisions.

Real American Beer found itself in competition with a proposal led by Hooters Inc., which oversees some franchised Hooters locations. The company's cofounder was a part of that group.

Rubio's Coastal Grill has faced significant decline since 2017, filing for Chapter 11 bankruptcy twice, with a challenging economic environment impacting its operations in California.

Mellencamp references Tastee Freez in 'Jack and Diane,' sparking curiosity about how teens were enjoying a chili dog outside the franchise, which symbolizes youthful pleasure during tough times.

Christine Hunsicker, founder of the fashion startup CaaStle, was indicted on multiple charges, including wire fraud and securities fraud, and allegedly defrauded investors over $300 million.

Jones, the (now former) federal bankruptcy judge, somehow didn't recuse himself from cases involving Freeman, the (now former) partner at Jackson Walker. As a result, Jones resigned and the Department of Justice sued Freeman's former firm to try to disgorge up to $23 million in fees it collected in the 33 cases overseen by Jones while he was involved with Freeman.

The brand was acquired by Rite Aid in 1996 and was primarily available through its stores since. The survival of subsidiaries like Thrifty had been in doubt.

Complaints have emerged regarding purchases made at Empress Fine Jewels, with allegations that customers received fake gemstones and encountered issues retrieving deposits after the jeweller's bankruptcy.

We have reached the point where we can no longer continue to operate in the normal course. Because of this, TPX will be filing what is called a Notice of Intention to Make a Proposal (NOI) under the Bankruptcy and Insolvency Act. I want you to know this is not a step I wanted to take.

Today, small-business lifeblood is being squeezed by private equity firms that target local businesses to eliminate competitors, control markets, and raise prices.

Empress Fine Jewels, run by Shuwan Li, faced bankruptcy with debts of €1.5m and was involved in legal issues over stolen rings worth nearly €35,000.

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options.

The dispute shows the limits of using a Chapter 11 bankruptcy case to restructure hundreds of millions of dollars in debt when key participants are locked in a contentious battle.

Bishop Joseph V. Brennan stated, 'I am clear-sighted that this path is the only path that will allow us to handle claims of sexual abuse with fair, equitable compassion while simultaneously ensuring the continuation of ministry within our Diocese.'

Founded in 1964, Black Angus Steakhouse was a popular chain for celebrations, boasting up to 120 locations at its peak but declining to 30 by 2023.

This difficult decision aligns our resources with our core strengths and the most promising growth areas for our podcasting business. We're sorry to say goodbye to talented colleagues and are grateful for their contributions.

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