Tag 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

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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

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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

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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

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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

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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

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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

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Toys R’ Us Files for Bankruptcy and will be Closing All U.S. Stores

Toys R’ Us has filed for bankruptcy and has announced that it will be closing all of its stores in the United States.  Before filing for bankruptcy, Toys R’ Us obtained a $3.1 billion loan in order to try and … Continue reading

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Claire’s Files for Bankruptcy

The fashion accessories store, Claire’s, has filed for bankruptcy.  It is not yet clear if the business will remain open and simply switch to another owner or simply shut down. If you have a business that is struggling and would … Continue reading

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Actor Joey Lawrence Files for Bankruptcy

Actor Joey Lawrence, known for working with Melissa Joan Hart, has filed for bankruptcy with his wife after his show was cancelled after five seasons.  In 2015, Joey stated he made $534,000, but in 2016 Joey made $58,000.  At the … Continue reading

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