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Tag Archives: Debt
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
Bed Bath and Beyond Shares Fall by 26% after Releasing Earnings Report
Shares of Bed Bath & Beyond tumbled after the retailer reported disappointing earnings Tuesday evening. Facing stiff competition from other retailers like Target, falling foot traffic, and glaring inventory management issues, Wall Street believes a true turnaround is going to … Continue reading
90 Day Tax Payment Relief Due to Coronavirus
On March 18th, 2020 it was announced that the IRS would extend the due date of federal tax payments from April 15th to July 15th because of the growing Coronavirus crisis. This extension applies to individual taxpayers owing up to … Continue reading
Trump Approves Coronavirus Relief Legislation
A recent bill, introduced by Congress, was passed in order to expand relief to those suffering hardships from the coronavirus. This bill includes expansion of Medicaid, free virus testing, and paid sick leave and childcare leave for some employees. Benefits … Continue reading
Kansas Utility Shutoffs Stopped Amidst Pandemic
In a recent release from the Governor’s office, it was announced that there is a suspension of disconnecting service for Kansas residents. This comes after a State of Emergency was declared in both Kansas and nationally. This suspension will take … 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