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Monthly Archives: July 2020
IMPORTANT NOTICE:
We are currently only accepting OVER THE PHONE consultations/appointments unless told otherwise. If an in-office appointment or consultation is approved, you will be required to wear a face mask as well as any employee you encounter upon arrival. If you … Continue reading
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Mexico’s Second Largest Airline Files for Bankruptcy
Mexico’s second largest airline, Grupo Aeromexico SAB, has filed for bankruptcy. While there has been a sharp decrease in travel, the company is using this time to refinance. The impact has been so significant that the airline was forced to … Continue reading
Old Time Pottery Files for Bankruptcy
In order to reform their finances, Old Time Pottery has decided to file for bankruptcy this week due to impact of Covid-19. Prior to the pandemic, the company experienced a sudden decline in sales that went on as long as … Continue reading
Francesca’s Warns Bankruptcy Filing
Francesca’s, the even now-struggling merchant, says that the coronavirus prompted a shut down of more than 700 of the company’s boutiques from the end of March through the end of April. This led to a significant decline in its equivalent … Continue reading
US Pilots Propose a Seating Arrangement to Government
Major US pilot unions plan to propose a seating arrangement aimed to reduce the return of pre-pandemic passenger levels. Abiding by the CDC requirements, most of the US airlines are blocking off middle seats or capping numbers for the seats … Continue reading
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New York City Pondering Furlough Due to Financial Shortage
Mayor Bill de Blasio of New York City states the city could face potential furloughing of around 22,000 employees due to the $9 billion dollar budget loss stemming from the coronavirus. Considering cutting back $1 billion from the budget, the … Continue reading
Chuck E. Cheese Corporation Files for Bankruptcy
Corporation CEC Entertainment recently filed for bankruptcy. The corporation says this is the most difficult time in its history, but it intends to establish a restructuring plan. The company has liabilities and assets ranging from $1 billion to $10 billion … Continue reading
Checkers Drive-In Restaurants Seek Help from Financial Advisers
Checkers Drive-In Restaurants Inc. have sought out financial advisers in order to help them maneuver through the effects of the coronavirus pandemic. Their private-equity owner, Oak Hill Capital Partners, hired both an investment banker and turnaround adviser to investigate possible … Continue reading