Remington gives up its arms, sold off to 7 bidders
Remington, the gun making company has been portioned off to 7 bidders after it filed for a second bankruptcy in July this year. It brings to an end a long and chequered innings mar
Chuck E. Cheese files for bankruptcy
As restaurants across the United States are gradually re-opening, family-friendly arcade and pizza joint Chuck E. Cheese are filing for bankruptcy protection. The parent company CE
US Chapter 11 Bankruptcies See a Surge during Corona Crisis
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
Teenage clothing emporium Forever 21 goes bust
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
Eastman Kodak to File for Chapter 11 Bankruptcy
Eastman Kodak, the Pioneer in the world of photography, is preparing to file bankruptcy protection in the coming weeks. Kodak’s changed its strategy in the midyear, from usin
