Category Archives: Debt

Tough Mudder Creditors Try to Pit the Race Company into Bankruptcy

Tough Mudder Inc. creditors are attempting to push the organizer of extreme obstacle races into bankruptcy over $855,000 that they say the company owes them, Bloomberg News reported. The firm is facing claims from Valley Builders LLC, Trademarc Associates Inc. … Continue reading

Posted in Bankruptcy, Debt, General, Lawsuits | Tagged , , | Leave a comment

Sharps Rifle Company Pulls Trigger on Bankruptcy

Sharps Rifle Company has filed for bankruptcy with the Wyoming District U.S. Bankruptcy Court. The Sharps bankruptcy filing shows that Sharps has been struggling for quite a while now, and with only one current employee, is further evidence that the … Continue reading

Posted in Bankruptcy, Debt, General | Tagged , | Leave a comment

University of Phoenix Cancels $141 Million in Debt for ‘Deceptive’ Ads

The for-profit school, University of Phoenix, agreed to a $191 million settlement after it lured students by advertising employer partnerships that did not exist, the Federal Trade Commission said. The school’s deceptions affected students who enrolled between October 2012 and … Continue reading

Posted in Debt, Fraud, General | Tagged , | Leave a comment

Express is closing 31 stores. Is your location on the list of closures?

The stores are closing as part of the fashion retailer’s “fleet rationalization,” after an abysmal holiday season. Express officials announced 100 closures overall. 31 Stores have closed since this blog post, and another 35 stores will close by the end … Continue reading

Posted in Bankruptcy, Debt, General | Tagged , | Leave a comment

Former NFL Players Fraud Scheme Picked Off

The Justice Department charged 10 former NFL players with defrauding a health-care program for retired players of nearly $4 million. Among them a group the Justice Department filed charges against are Robert McCune, John Eubanks, Tamarick Vanover, Ceandris Brown, James … Continue reading

Posted in Debt, Fraud, General, Lawsuits | Tagged , | Leave a comment

Hospital Files for Bankruptcy

Americore Health and its four affiliated hospitals in Pennsylvania, Tennessee, Missouri and Arkansas filed for Chapter 11 protection, Becker’s Hospital Review reported. The three of the hospitals listed in the bankruptcy petition are: Ellwood Medical Center in Ellwood City, Alexius … Continue reading

Posted in Bankruptcy, Business, Debt | Tagged , , | Leave a comment

Houlihan’s Restaurant Chain Files for Bankruptcy

The private-equity backed operator of the Houlihan’s Restaurant + Bar chain has filed for bankruptcy protection with a deal in-hand to sell the casual dining chain to fellow restaurant operator Landry’s Inc. for $40 million and assumption of some liabilities, … Continue reading

Posted in Bankruptcy, Business, Debt | Tagged , , | Leave a comment

WeWork’s Loss Balloons to $1.25 Billon

Office-space startup WeWork lost $1.25 billion in the third quarter of 2019, as expenses far outpaced revenue growth, draining the company’s cash ahead of a bailout by SoftBank Group Corp. last month, the Wall Street Journal reported. We Co., as … Continue reading

Posted in Business, Debt | Tagged , , | Leave a comment

Colleges Can Be Forced to Return Tuition When Parents Go Bankrupt

Colleges can be forced to return tuition payments made for students whose parents can’t cover their own debts, according to a federal appeals court ruling that opens up higher education institutions to more litigation in bankruptcy courts, WSJ Pro Bankruptcy … Continue reading

Posted in Bankruptcy, Debt | Tagged , , | Leave a comment

Victoria’s Secret Lays Off Employees at Headquarters

Victoria’s Secret is laying off about 15 percent of the brand’s employees at its Columbus, Ohio, headquarters as the lingerie store struggles to reshape its image and the chief executive of its parent company remains under scrutiny for his ties … Continue reading

Posted in Business, Debt | Tagged , , | Leave a comment