Tag Archives: Bankruptcy

Operator of Trump International Hotel in Vancouver files for Bankruptcy

TA Hotel Management LTD, a unit of the Malaysi-based TA Global Bhd, who operates the Trump International Hotel in Vancouver has filed for bankruptcy. The Holborn Group, a Vancouver-based developer, licensed the Trump name in 2013 for the 69-story luxury … Continue reading

Posted in General | Tagged , | Leave a comment

Coca-Cola Cuts Thousands of Jobs as Coronavirus Hits Sales

Coca-Cola Co. joined a long list of big U.U. companies in laying off thousands of workers due to the coronavirus crisis. The company is offering voluntary deals across its businesses and promising to halve its number of operating units. They … Continue reading

Posted in General | Tagged , , | Leave a comment

Mortgage Delinquencies of 90 Days or More at 10 Year High

Serious mortgage delinquencies hit a 10 year high in July according to a report by financial data firm Black Knight. According to Black Knight, the number of homes with mortgages with delinquencies of 90 days or more but not in … Continue reading

Posted in General | Tagged , , | Leave a comment

California Pizza Kitchen Files for Bankruptcy

California Pizza Kitchen Inc. of Houston has filed for bankruptcy. The company operates more than 200 restaurants but has plans of restructuring. According to documents from the US Bankruptcy Court of Southern District of Texas, the restaurant was forced to … Continue reading

Posted in General | Tagged , | Leave a comment

Lord and Taylor File for Bankruptcy

Joining the slew of unfortunate bankruptcy filings, US retailer, Lord and Taylor, has been named the next victim according to the US Bankruptcy Court for the Eastern District of Virginia. With assets and liabilities ranging from $100 million to $500 … Continue reading

Posted in General | Tagged , | Leave a comment

Men’s Wearhouse Corporation Files for Bankruptcy

Tailored Brands Inc., the owner of Men’s Wearhouse and Jos. A. Bank, filed for bankruptcy in the US Bankruptcy Court in Houston. These unfortunate and unforeseen circumstances caused by the pandemic, are making it truly difficult to stay afloat in … Continue reading

Posted in General | Tagged , | Leave a comment

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

Posted in General | Tagged , | Leave a comment

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

Posted in General | Tagged , | Leave a comment

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

Posted in General | Tagged , | Leave a comment

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

Posted in General | Tagged , | Leave a comment