Business Plan

An independent state market monitor said Thursday that just a fraction of the $16 billion that was overcharged by the state grid operator during last month's winter storm subsidized can now be recovered for consumers.That's because most…

The Northwest Company LLC, which has earned a reputation for selling blankets with sports team logos, has filed for Chapter 11 bankruptcy. The Roslyn-based company says it's the top maker of blankets and throws in the United States, but…

HOUSTON — Francesca confirmed Monday that she will close about 140 stores by the end of January and plans to file for bankruptcy.According to a filing with the U.S. Securities and Exchange Commission, the apparel and accessories retailer is…

By Diana Novak Jones (January 13, 2021, 2:33 PM EST) – A Colorado bankruptcy judge on Tuesday dismissed United Cannabis Corp.'s Chapter 11 bankruptcy, siding with the US trustee who argued that the bond of the business with the…

SAN JUAN (Reuters) - Puerto Rico would shed about $24 billion in debt and move closer to exiting bankruptcy under a deal with bondholders announced by the U.S. Commonwealth Financial Supervisory Board on Sunday. created by the federal…

TAMPA — Two Florida men arrested Thursday and charged with fraud alongside conservative political strategist Steve Bannon have lengthy criminal records of bankruptcy, tax liens and fraud charges.An unsealed indictment announced by the US…

SAN JUAN, Jan 29 (Reuters) - A deal to restructure more than $8 billion in bonds issued by failed Puerto Rico electric utility needs more time to get legislative approval of the American Commonwealth, said a lawyer for the island's…

NEW YORK -- JC Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership deal that would save tens of thousands of jobs. The embattled century-old retailer said Wednesday it had filed a draft asset…

Six months ago, there were five major American newspaper chains: Gannett, New Media's GateHouse, McClatchy, Tribune Publishing and Alden's MNG Enterprises. (Apologies to Lee Enterprises, which would be No. 6 — the cup has to land…

Fission promises to curb climate changeRepublican control of the Senate would mean we won't spend $2 trillion on President-elect Joe Biden's climate plan, which would shut down pipelines and offshore oil, among other things, and relies on…

The plan calls for a $300 million contribution from the approximately 250 local Boy Scout councils to a trust for victims of abuse. DOVER, Del. — The Boy Scouts of America submitted a bankruptcy reorganization plan…

(Thomson Reuters Foundation) - People can now select gender-neutral pronouns when contacting the US government, as President Joe Biden signed a series of executive orders on his first day in office, including an order combating…

Eyal Peretz, CEO of Fuse Group, and Ricky Trinidad of Metronomic with 3364 Oak Avenue (Photo via Google Maps; Fuse; Metronomic) A U.S. bankruptcy judge this week approved Metronomic Holdings' settlement with a creditor, clearing the way…

A&B Summary: On December 10, 2019, the United States Supreme Court ruled that in the absence of application of fair doctrine, the one-year statute of limitations for actions against debt collectors under Fair Debt Collection Practices…

Children may need to find another place to be children.Crippled by the double burden of debt and the coronavirus pandemic, children's birthday party supplier Chuck E. Cheese, whose motto is "where a child can be a child", filed for…

LONDON (Reuters) - The takeover of Premier Oil by private equity-backed Chrysaor marks the end of an 86-year-old oil market and could herald wider consolidation provided there are willing buyers in a sector whose prospects are very…

PG&E will incur billions of dollars in additional spending to prevent wildfires, fulfilling one of Governor Newsom's critical demands of the bankruptcy plan. CALIFORNIA, USA – Pacific Gas & Electric and…

By Vince Sullivan (January 3, 2021, 12:02 p.m. EST) – Even as COVID-19 protection programs are unveiled and bring hope for a return to normal, restructuring professionals say vaccines will not be a shot in the arm for struggling…

NEW YORK (AP) — The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy Thursday, the latest retailer to do so during the pandemic.Ascena Retail Group Inc., based in Mahwah, New Jersey, which operates nearly 3,000 stores,…

A Rhode Island company is about to buy central Oregon's only daily newspaper for a song.In bankruptcy court papers filed Friday, Western Communications disclosed a $2.25 million bid from Rhode Island Suburban Newspapers (RISN) to buy the…

Chesapeake Energy Corp. is preparing a potential bankruptcy filing that could hand control of one of the leaders of America's shale revolution to senior lenders, according to people with knowledge of the matter.Diminishing options for a…

Canadians struggling with record levels of household debt may find it increasingly difficult to pay bills as…

As unemployment insurance claims hit record highs, the number of bankruptcies has fallen to near-record lows in New Hampshire, Some 76 individuals and businesses filed for bankruptcy in May. That number is the lowest since 1988, except for…

Ashley Cain's seven-month-old daughter, Azaylia, has leukemia. (PENNSYLVANIA)Reality TV star Ashley Cain has shared her grief when she learned her daughter's leukemia had returned despite being treated in hospital for five months.The…

Hertz filed for bankruptcy Friday night after failing to reach an agreement with lenders, The Wall Street Journal first reported on Friday.Hertz has about $19 billion in debt, including $4.3 billion in…

Separating from your spouse is never easy. It's emotionally difficult as you adjust to a new normal and set new boundaries with your spouse. You may be adjusting to a new custody schedule or financial situation. Separation is often…

NEWPORT, RI, April 23, 2020 /PRNewswire/ -- Fizzics Group Inc., the technology company revolutionizing the way people drink beer, today announced that the company has emerged from Chapter 11 bankruptcy protection by successfully completing…

Grupo Modelo, the company that makes the beer, posted the announcement on Twitter, saying it is stopping production and marketing of its beer because the Mexican government has shut down non-essential businesses. The Anheuser-Busch…

The U.S. Supreme Court clarified when a creditor can be held liable for breaching a bankruptcy discharge order, rejecting the subjective standard of a federal appeals court that satisfied few.Judge Stephen G. Breyer, writing for a unanimous…

ADA, Okla.--(BUSINESS WIRE)--Released today, LegalShield's January report on the specific services provided to plan members across the country by its exclusive network of provider attorneys, reflects continued reductions in…

Photograph by Jonathan MazeRuby Tuesday, the venerable Maryville, Tennessee-based chain whose deterioration for years has mirrored the general decline of the casual dining industry, filed for Chapter 11 bankruptcy early Wednesday after…

J. Crew Group, one of the first major fashion retailers to file for Chapter 11 bankruptcy during the COVID-19 pandemic, is making a fresh start. On Tuesday morning, the retailer won approval from a Virginia bankruptcy court for its…

The Neiman Marcus group, in debt, is preparing a file for bankruptcy which could intervene as early as this week, according to a person familiar with the situation. The Dallas-based luxury chain, which has been…

WTI is back above $50 a barrel and things are looking up for the struggling US oil industry. Yet, while the worst may be behind the drillers, they still face many challenges, including the danger of more defaults.Fitch Ratings…

By Kathy Hanrahan, Out and About EditorDurham, North Carolina — The owners of Watts Grocery in Durham have filed for bankruptcy. Chef Amy Tornquist and her husband Jeremy Kerman,…

With the NBA and almost every other sport in the United States on hiatus, the basketball tournament completed its first round of games on July 4-5 and former Maryland big man Diamond Stone dominated in front of a national…

NEW YORK (CBS/AP) — Chuck E Cheese, the restaurant chain that has become a mecca for kids and a melting pot for many of their parents, is filing for bankruptcy protection. CEC Entertainment Inc. has reopened 266 of its 612…

Francesca's Holdings Corp. said Thursday evening that it had filed for Chapter 11 bankruptcy and would seek to auction off its major outlets and what it described as its "promising digital expansion and launch new brands."After carefully…

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* Roasters struggle to find premium robusta coffee* Nestlé seeks sustainable beans amid squeezeLONDON, April 12 (Reuters) - Major European coffee buyers such as Nestle are struggling to source premium robusta beans after heavy rains in…

sea ​​world (NYSE: MERS) is likely to be on the road to bankruptcy. The pandemic destroyed the company's business, with its second-quarter revenue down more than 90% and its net loss for the three-month period amounting to $131 million.…

Arch Coal had a large debt payment due in December, but elected to defer payment to mid-January in a desperate attempt to buy time with creditors. The company reached an agreement with some of its senior bondholders (people who hold…

Attorneys for US Bakery note that " has nothing to rehabilitate or reorganize. And the, " no transactions or commercial activities subsequent to the petition. The conversion would end any payment of funds to company personnel as well…

Opinions expressed by Entrepreneur the contributors are theirs. Most entrepreneurs jump into the game expecting their startups to grow as quickly as possible – but rapid growth is often overstated.…

Sheela Tobben and Alix Steel 06/01/2021 (Bloomberg) -- Don't count on the boom in the US shale industry…

Shimla, March 8 Launching a scathing attack on the government for trying to conceal the funding gap and lending figures, opposition leader Mukesh Agnihotri today called the budget proposals…

Ruby Tuesday files for bankruptcy protection, the latest casual dining chain to suffer from closures related to coronavirus and changing eating habits.The Maryville, Tennessee-based company, which was founded in 1972, said Wednesday its…

Whiting (CMU) surely won't be the last. The coronavirus pandemic has crushed the oil industry, causing a rapid and unprecedented drop in demand for gasoline, jet fuel and diesel. This pain has been amplified by an epic price war between…

Government income assistance programs and payment deferrals have helped people struggling with debt keep their heads above water so far during the pandemic. But as Walter MacKinnon notes, the debt has not gone away.…

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Companies across the United States are giving top executives multimillion-dollar “retention” bonuses shortly before declaring bankruptcy, angering creditors who claim the payouts are rewards for failure.The practice has become common…

This is an archived article and the information in the article may be out of date. Please look at the timestamp on the story to see when it was last updated. KANSAS CITY, Mo. — A longtime Kansas City burger chain has…

Editor's Note: This story has been updated. If you thought the COVID-induced recession would lead to an increase in bankruptcy filings, you'd be wrong. At least for the moment. In fact, according to one Indianapolis practitioner,…

By Justin Ellis and Lauren Dayton (October 23, 2020, 4:03 p.m. EDT) — On October 5, the United States Supreme Court sought the opinion of the Solicitor General on a motion for writ of certiorari in the Deutsche Bank Trust case Co…

Warren Sapp of the Oakland Raiders in a game against the San Diego Chargers in 2006. | Photo by Robert B. Stanton/NFLPhotoLibrary A career as a professional athlete seems like a ticket to fame and fortune, but as many NFL players…

The opinions expressed in the opinion columns are those of the author. Now that we're in full swing in this year's unconventional college sports season, it's become clear which schools really value their players. Regardless of…

WITH With the six-month moratorium on loans ending in September, we are looking at a possible increase in bankruptcy filings by businesses and individuals. The number of bankruptcies reflects the unemployment rate for individuals, while…

According to CNBC, sources close to Mattress Firm report that the retail giant could file for bankruptcy as it seeks to restructure debt and improve its market position.The news surfaced this week, with CNBC reporting that Mattress Firm was…

There's a touching scene in James Bond Skyfall where Judie Dench playing M quotes Alfred Lord Tennyson's Ulysses as she delivers a speech. "Though much is taken, much remains; and though we are now no longer that force which once moved…

DETROIT — In a ruling that could reverberate far beyond Detroit, a federal judge ruled Tuesday that the battered city could formally file for bankruptcy and said Detroit's obligation to pay full pensions was not not untouchable.The judge,…

David Iben said it well when he said: “Volatility is not a risk that interests us. What matters to us is to avoid the permanent loss of capital. So it seems smart money knows that debt – which is usually involved in bankruptcies – is…

If you are considering the bankruptcy of your insolvent business, an assignment for the benefit of creditors (“ABC”) could be your answer. An ABC is a cheaper, faster, quieter and simpler alternative to traditional bankruptcy. An ABC is…

This article appeared in The Bankruptcy Strategistwith strategies and techniques crafted by the nation's top bankruptcy attorneys; and reports on innovative procedural techniques, legislative developments, and recent court…

James Bond used a Colt pistol in this scene. Colt, the iconic American gunsmith, could go bankrupt in days. The company, which has been making weapons for 160 years, is struggling financially and missed a $10.9 million interest…

No one would deny that some businesses have struggled to pay rent or bills on time due to COVID-19. In many such cases, landlords and providers of goods or services have accommodated these struggling businesses by explicitly or implicitly…

CLEVELAND, Ohio (WOIO) – Several parents are reaching out to 19 News investigators hurt after the government took their stimulus check.A man is challenging the decision in court, saying all the money should be his.He has a lawyer who helps…

All students and employees returning to Maryland University System institutions in person in the fall must be tested for the novel coronavirus within 14 days of arrival, the system said in a statement. Press release Thusday.…

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Works by Lisha Bai, Tiffany Smith, Sangram Majumdar, Leeza Meksin and Erin O'Keefe included in Ortega y Gasset Projects' Paddle8 fundraiser in December (images courtesy of Ortega y Gasset Projects) For creditors of online auctioneer…

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News and research before you hear about it on CNBC and others. Claim your one week free trial for StreetInsider Premium here. DAYTONA BEACH, Fla., March 10, 2021 (GLOBE NEWSWIRE) -- CTO Realty Growth, Inc. (NYSE: CTO) (the "Company" or…

FILE PHOTO: A logo of car rental company Hertz is seen on a building during the coronavirus disease (COVID-19) outbreak in Nice, France, May 27, 2020. Picture taken with a speed of slow shutter and a zoom effect. REUTERS/Eric…

DUBAI (Reuters) - Arabtec Holding, a loss-making Dubai-listed contractor ARTC.DU has hired consultancy AlixPartners to help restructure the company's debt, two sources familiar with the matter told Reuters.FILE PHOTO: A waxing gibbous…

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Confirmation of a Chapter 11 plan generally requires the consent of each class of aggrieved creditors. However, a debtor can "crash" a plan due to creditor dissent, as long as at least one bad debt class accepts the plan. This can be…

Strong points In an effort to resolve conflicting court rulings, the new Consolidated Credits Act gives the Small Business Administration discretion to determine which individual small debtors can obtain PPP loans in the event of…

Hunter Biden, through his assistant at his law firm, Oldaker Biden & Belair, returned a request for comment to the Obama campaign. James Mahoney, head of corporate communications at Bank of America, said the advisory deal ended when…

Lynn Tilton's colorful and controversial reign at MD Helicopters is over. Tilton appears to have relinquished control of MD Helicopters and other Patriarch Partners portfolio companies following rulings by a Delaware bankruptcy court…

PG&E has emerged from bankruptcy, ending the chapter in a decade-long series of tragedies - but the court case ends with PG&E saddled with $38 billion in debt. With the end of PG&E's $58 billion bankruptcy, the utility has…

The Supreme Court observed that the complete waiver of prior filing for filing an appeal to the Debt Collection Appeal Tribunal under Section 21 of the Debt Collection and Bankruptcy Act is inadmissible . In all cases, fifty percent of the…

Century 21 Department Stores LLC made headlines last week when it confirmed plans to close its 13 stores and liquidate its assets as part of a Chapter 11 process.In doing so, the New York-based company has become the latest in a series of…

May 27, 2020 by The Trefis team…

Thailand: Debt repayment request …

Hertz rental cars stored in the arena of the same name during the pandemicNaples businessman David Hoffmann and the Hoffmann family of Cos. agreed to allow Hertz to store their unused rental cars on the arena grounds for free.Michael…

By Tim McLaughlinBOSTON (Reuters) - U.S. private equity firm Blackstone disconnected a Texas power plant it owned from the state grid in 2016 in a bet it could make a fortune as the only U.S. generator selling electricity. electricity…

Watch: Skeletons unleashed in South JerseySkeletons are on stage, if not on the move, as South Jersey celebrates HalloweenJim Walsh, @jimwalsh_cpPHILADELPHIA — The owner of three South Jersey malls has filed for creditor protection as the…

This is an archived article and the information in the article may be out of date. Please look at the timestamp on the story to see when it was last updated. https://www.youtube.com/watch?v=BBtdfVDBaik JACKSONVILLE, Fla. — A…

Tenneco Inc. (NYSE: TEN) did not have a good year. The debt-ridden company has seen its net worth suffer significantly in recent months as the coronavirus-induced economic recession takes hold. TEN is too leveraged and its stock value…

Salvation! My name is Zero Suit Samus (or Samus for short), and I'm an energetic pit bull mix in need of love. And I really mean it. I need a family that hugs me because your pain for not hugging me…

K&W Cafeteria Inc. has pledged to sell its assets, including its remaining 18 restaurants, and has requested that a bankruptcy judge approve a Dec. 11 auction, if necessary.The company's motion, filed on Friday, asks…

JC Penney is the latest company to declare bankruptcy.The retailer filed for Chapter 11 bankruptcy on Friday, just a day after making an interest payment of about $17 million. The payment, due May 7, was paid within a week's grace period…

Windstream Holdings Inc. has filed a restructuring plan in federal court that would see the company reduce its debt by $4 billion and emerge from bankruptcy in August. The filing was submitted Wednesday evening for approval by US…

In real life (as we know it), there is no coming back from the dead. But in the corporate world, it happens all the time. Businesses that are burdened with too much debt or encounter other major problems file for bankruptcy protection,…

Hertz filed for bankruptcy Friday, unable to weather the coronavirus pandemic that has crippled global travel and with it the business of the heavily indebted 102-year-old car rental company. The Estero,…

Maybe it was the ego telling me "you can change everything" or maybe it was just negligence, but the fact is I didn't do my homework. The company looked so good on paper that I didn't do my usual "due diligence": I didn't question the…

BEIRUT (AP) — Protesters in Lebanon burned tires and closed several major roads on Thursday as the country's severe economic crisis continues to spin out of control without any progress in forming a new cabinet. The new…

It takes a great deal of perseverance and adaptability to cope with the kinds of cultural, economic and technological changes that occur in 50 years, let alone a century – or two.…

By Kaori Kaneko, Izumi NakagawaTOKYO (Reuters) - Japan is expected to draw up a stimulus package to boost the economy in the fall as its two previous plans aimed to prevent businesses and households from going bankrupt amid the coronavirus…

Diving brief: Tuesday Morning said it would not seek to sell its Chapter 11 assets, according to a court filing Monday. Rather than sell out, Tuesday Morning will seek approval for a plan…

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