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Tag Archives: Debt
Cinema Chain Alamo Drafthouse Plans Bankruptcy Sale to Fortress-Led Investors
Alamo Drafthouse Cinemas Holdings LLC, a theater chain offering moviegoers seat-side food service, beer and themed cocktails, has filed for bankruptcy while planning to sell the business to Fortress Investment Group LLC and other investors. Austin, Texas-based Alamo became the … Continue reading
Hertz Global Files Reorganization Plan
Car rental company Hertz Global Holdings Inc. said that it had filed a proposed plan of reorganization with the U.S. Bankruptcy Court for the District of Delaware. Under the plan, Knighthead Capital Management LLC and Certares Opportunities LLC will invest … Continue reading
Owners of 70 Missouri and Illinois Jack in the Box Restaurants File for Bankruptcy
The owners of 70 Missouri and Illinois Jack in the Box restaurants filed for bankruptcy, citing competition and the coronavirus pandemic. The chapter 11 filings potentially affect 57 restaurants in Missouri, with 1,338 full- and part-time workers, and 13 restaurants … Continue reading
Fry’s Electronics Permanently Closes All Stores Nationwide
Fry’s Electronics is going out of business. It has been confirmed that the iconic Bay Area retailer is permanently closing the doors of all stores nationwide. “After nearly 36 years in business as the one-stop-shop and online resource for high-tech … Continue reading
Jeff Bezos to Step Down as Amazon C.E.O.
Amazon founder Jeff Bezos announced that he would be stepping down as C.E.O. after building the company into a $1.7 trillion behemoth that became known as “the everything store,”. In the process, he upended the retail industry, turned Amazon into … Continue reading
Eligible Paycheck Protection Program expenses now deductible
The Treasury Department and the Internal Revenue Service issued guidance allowing deductions for the payments of eligible expenses when such payments would result (or be expected to result) in the forgiveness of a loan under the Paycheck Protection Program (PPP). … Continue reading
Former KU Med Center Administrator Charged With Embezzlement
A former administrator at the University of Kansas Medical Center faces criminal charges that he embezzled more than $500,000 from KU. A charging document filed in federal court accuses Michael Ahlers of diverting money from the KUMC Credit Union between … Continue reading
Debt Collectors, Payday Lenders Collected over $500 Million in Federal Pandemic Relief
More than 1,800 Paycheck Protection Program loans last year went to debt collectors and high-interest lenders, according to the Washington Post. The aid to these firms amounted to more than $580 million. More than 170 of those recipients have been … Continue reading
Jackson County Court temporarily halts eviction writs and proceedings
The Jackson County Circuit Court has temporarily suspended eviction proceedings and service of eviction writs after placing two process deputies on leave for shooting a man while serving an eviction writ on Jan. 8. In a tight spot financially? Contact … Continue reading
N.R.A. Declares Bankruptcy and Seeks to Exit New York
Seeking an end-run around an investigation by the New York attorney general, the National Rifle Association said that it was declaring bankruptcy and would reincorporate in Texas. The group’s effort to circumvent New York’s legal jurisdiction raised immediate questions from … Continue reading