US Chapter 11 Bankruptcies See a Surge during Corona Crisis

US Chapter 11 Bankruptcies See a Surge during Corona Crisis

By Anna Domanska - Jun 12, 2020

The COVID-19 pandemic has disrupted many businesses leaving them in financial shambles and forcing others to opt for bankruptcy protection – under Chapter 11 or Chapter 7. Al

Read More
BSA files for bankruptcy under cloud of potential lawsuits

BSA files for bankruptcy under cloud of potential lawsuits

By Anna Domanska - Feb 21, 2020

Boy Scouts of America has filed for bankruptcy under Chapter 11 in a court in Denver following a slew of abuse cases being filed against it recently. Following this filing, all civ

Read More
Teenage clothing emporium Forever 21 goes bust

Teenage clothing emporium Forever 21 goes bust

By Anna Domanska - Sep 30, 2019

Forever21 announced on Sunday it would close 350 of its stores and cease operations in 40 countries. Linda Chang, the company’s executive vice president, said in a statement that

Read More
From Toys

From Toys"R"Us to Toys Were Us

By Carrie Ann - Mar 15, 2018

The iconic toymaker has filed for liquidation and is closing down all of 735 stores in the US including stores in Puerto Rico. It had filed for bankruptcy chapter 11 in September 2

Read More
American Apparel Files for Chapter 11 Bankruptcy Protection

American Apparel Files for Chapter 11 Bankruptcy Protection

By Anna Domanska - Oct 05, 2015

Troubled US fashion retailer American Apparel filed for bankruptcy protection early Monday, yet another blow to a company that has been struggling for months with increasing debt,

Read More
Master-mind U.S Economy Bankrupter: Osama cost America $3 Trillion

Master-mind U.S Economy Bankrupter: Osama cost America $3 Trillion

By Jay Raol - May 07, 2011

This would then constitute over a fifth of the total $14 trillion debt that is currently weighing down the American economy enough to make a U.S Government Shutdown almost happen.

Read More