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Monthly Archives: July 2020
Briggs and Stratton File for Bankruptcy
Recently, Briggs and Stratton Corporation, a small engine manufacturer, has filed for bankruptcy in the US Bankruptcy Court for the Eastern District of Missouri. The manufacturer has plans to sell its assets for $550 million to KPS Capital Partners LP, … Continue reading
Wisconsin Bank Unveils Incentive To Battle Coin Shortage
Community State Bank in Wisconsin created an enticement to get their customers and non-customers involved in making a change. The encouragement offering included a $5 bonus for every $100 worth of coins. In just a week, the bank was able … Continue reading
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Still No Refund Months Later
Believe it or not, some American taxpayers are still awaiting refunds. Sources say, the IRS had stopped processing paper returns due to the coronavirus. This gave taxpayers an extra 3 months to pay if any taxes were owed. A spokesperson … Continue reading
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Eviction Moratorium To End This Week
The Federal Eviction Moratorium that was put in place for tenants in late March, has come to an end. With moratorium expiring, landlords are given the greenlight to proceed with action for their delinquent tenants. This means, the property-owners are … Continue reading
Popular Music Festival Co-Founder Expects No Concerts Until 2022
The well-known music festival co-founder, Marc Geiger, says he thinks there may not be any concerts or festivals until 2022, due to the coronavirus. While believes, the concerts and festivals would not due well with the status of the economy. … Continue reading
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American Airlines Furlough 25,000 Employees
With some states experiencing another rapid increase in COVID-19 cases, American Airlines notify their frontline workers of possible layoffs. According to The Worker Adjusting and Notification Act, the employers are required to notify employees of possible lay offs at least … Continue reading
Small Business Loan Program gets Extension from Trump
Recently, the deadline for the Paycheck Protection Program was extended by the signing of a bill by the President. Due to numbers not adding up, as far as those who qualify for the PPP loan, some have yet to apple … Continue reading
Lucky Brand Dungarees LLC slides into the Bankruptcy Wave
Lucky Brand Dungarees LLC prepares themselves to file for bankruptcy due to the unpredicted circumstances caused by the pandemic, yet again. They plan to close to at least 13 stores, and but sell their investment business to the director of … Continue reading
CFPB Sues Timemark Inc. Plus its Owners
A Florida based company, Timemark Inc., have come to a settlement with The Consumer Financial Protection Bureau. Timemark, its owners and its officers are being accused of charging illegal advance fees to buyers who are looking to renegotiate, settle, reduce, … Continue reading
Former Prosecutor May Face Charges
A former prosecutor, Jeanne Lippert, from Erie County may be facing charges after her bankruptcy case was reopened. Jeanne filed for Chapter 7 bankruptcy in January of this year. The federal government wants to reopen because of accusations of “false … Continue reading