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Tag Archives: Bankruptcy
Hertz Global Holdings Inc. May Be Forced To File Bankruptcy
With sales dropping due to consumers avoiding travel at a time like this, Hertz Global Holdings Inc., a rental car company, is still required to make monthly payments under their operating lease. It has been reported that the company and … Continue reading
Boy Scouts File Bankruptcy
The Boy Scouts of America are under intense pressure with allegations of sexual child abuse going back as far as 30 years ago. Filing for bankruptcy for them means putting a stop to the hundreds of lawsuits they are currently … Continue reading
VIP Cinema Holdings Quality of Products leads to Bankruptcy
With movie theater attendance on the downhill, VIP Cinema Holdings – the largest reclining theater seat producer in the US – is set to file Chapter 11 bankruptcy. The decrease in movie sales has effected the lifetime of recliners, meaning … Continue reading
Lucky’s Market files for Bankruptcy following suit of Other Major Grocers
After closing most of its stores in recent weeks, Lucky’s – a Colorado based grocery store- filed for a Chapter 11 bankruptcy. There are plans to sell some of its stores to Aldi Inc. and Publix Super Market Inc. after … Continue reading
MoviePass Parent, Helios and Matheson, files for Chapter 7 and stock falls to zero
Helios and Matheson Analytics Inc., the parent of the MoviePass cinema-ticket subscription service, said Wednesday that it has filed for Chapter 7 bankruptcy. This allows a court to sell its remaining assets and wind down all operations, according to MarketWatch.com. … Continue reading
Gun Maker Files Bankruptcy after Trafficking Charge in Kansas City
A Nevada-based gun manufacturer was sued by Kansas City, MO after the city filed a lawsuit over weapons trafficking charge last month. In the Chapter 7 bankruptcy petition filed Feb. 10, Jimenez Arms listed assets of less than $50,000 and … Continue reading
Hospitals in Missouri, Kansas file for bankruptcy
On Feb. 12, Pinnacle Healthcare System filed for Chapter 11 bankruptcy protection for itself and its hospitals in Missouri and Kansas. The Pinnacle Regional Hospital in Overland Park, formerly known as Blue Valley Hospital, entered bankruptcy with assets totaling up … Continue reading
Bar Louie Files Chapter 11 Bankruptcy
Bar Louie, announced that its lenders will serve as a stalking horse purchaser in its upcoming Chapter 11 bankruptcy filing. A stalking horse purchaser allows a guaranteed bid on the company’s debt to increase the value of the company in … Continue reading
Newspaper Giant McClatchy Files for Bankruptcy
Newspaper giant McClatchy Co. — which owns the Kansas City Star and 29 other newspapers in 14 states — has filed for Chapter 11 bankruptcy protection and said it expects reorganize as a privately held company with debt holders taking … Continue reading
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