Bankruptcy

Credit Card Defaults Hitting 4-Year Highs

Whether an investor, a business owner or an average working person, every single one of us has to worry about the broad economic trends. We can all remember the pain ...
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It’s Getting Harder to Find a RadioShack If You Have Tech Questions

If you had tech questions, RadioShack believed it had the answers. For example, if you needed an HDMI cord, RadioShack was your destination. But it is getting increasingly difficult for ...
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Retail Bankruptcies Are Rising Fast: 10 Companies That May Be Next

There is no doubting the impact that the internet has had on everyday life, and the incredible change that it has brought to our society and the world as a ...
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Bond Insurers Hold Up Against Puerto Rico Bankruptcy Exposure

There is another Greece situation that was actually closer to the U.S. and may have more directly exposure to the U.S. than Greece. The inevitable bankruptcy of Puerto Rico has finally ...
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Republic Airways Emerges From Chapter 11 as Industry Faces Headwinds

Republic Airways, the second-largest regional airline in the United States, announced that it has emerged from its Chapter 11 restructuring. According to its court-approved reorganization plan, Republic will remain a ...
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Retailers on Record Bankruptcy Pace: S&P

The economic situation for U.S. retailers has gotten so bad that analysts have added a new word to an investor's vocabulary: over-stored. That means just what it implies: there are ...
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What Does Best Buy Gain From hhgregg’s Bankruptcy?

Indianapolis-based hhgregg Inc. (NYSE: HGG) announced last Friday that it would begin liquidating its assets over the weekend because it had failed to find a buyer for the company's inventory ...
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Payless to Close 400 Stores, Files for Chapter 11

Payless ShoeSource announced late Tuesday that the company has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. Payless joins nine other retailers that have ...
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RadioShack Bankruptcy Puts 1,500 Stores at Risk

RadioShack parent, General Wireless Operations, made a voluntary Chapter 11 filing yesterday. The company stated it would close 200 stores immediately. General Wireless is "evaluating options" for another 1,300, the ...
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RadioShack Parent Files Chapter 11 With 1,500 Stores at Risk

As expected, RadioShack parent General Wireless Operations filed for Chapter 11. The company will shutter 200 stores immediately. It does not have plans yet for another 1,300. The once proud ...
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taxi cabs

Uber Knocks Value of NYC Cab Medallions Further as Some Owners File for Bankruptcy

Cab medallions in New York City have dropped below $400,000 in some cases as Uber continues to dismantle the market for what was valued four years ago at $1.5 million. ...
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bankruptcy

American Apparel Sells Brand, Files for Chapter 11

For the second time in less than a year, clothing maker American Apparel filed for bankruptcy protection Monday morning after selling its intellectual property rights, including the name, to Canada's ...
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denim work shirt

No Likely Holiday Happiness for American Apparel

Less than a year after emerging from bankruptcy, American Apparel Inc. (NYSE: APP) may not survive the coming holiday season without filing for a second bankruptcy. When the company emerged ...
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bankruptcy

Bankruptcies Soar 28% in First 3 Quarters of 2016

It may not be a sign of an economy that may grow less in any year since the end of the Great Recession, but a bad business climate is likely one ...
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Pump Jacks Against at Dusk

SandRidge Energy Emerged From Bankruptcy With $525 Million in Liquidity

SandRidge Energy Inc. (NYSE: SD) announced Tuesday morning that the company has emerged from Chapter 11 bankruptcy protection and the stock has resumed traded under its previous ticker symbol, SD, ...
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