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Court documents bankrupt the Reading Eagle Company

Falling ad revenue, rising production costs hampered the company's ability to cover debt, set records. Reading, PA This is a story of dive revenue and increasing debt, decreasing advertising and shrinking circulation. Documents filed with the US Bankruptcy Court on Wednesday and filed today with the Tribunal tell the story of how the Reading Eagle Company found their financial situation …

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Children's Place and Gap buy most of the bankrupt Gymboree

It is the recent upheaval in this sector, as brick-and-mortar stores want to gain a foothold in a difficult environment. Children's Place will spend $ 76 million to acquire the rights to the Gymboree and Crazy 8 brands The contract for Gymboree Play & Music, which was spun off in 2016, will take over, according to court documents filed on …

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The company that has promised a single trip to Mars is bankrupt

Humanity will sooner or later leave for Mars, but planning and executing the first manned mission on another planet is obviously a complex and costly undertaking. Mars One was one of the first and most ambitious attempts to manned Mars mission from the ground. But it was terribly badly managed, shortsighted, and possibly even fraudulent. It is now dead as …

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Do you remember Mars One? Yes, so it's bankrupt

Do you remember Mars One, the startup that said it would finance an occupying mission to Mars by turning the journey into a reality TV spectacle? Now the company is bankrupt, according to financial documents published online. Engadget confirmed bankruptcy with co-founder of Mars One, Bas Lansdorp, who told the publication he was working on a "solution" to the company's …

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Mars One company goes bankrupt

WASHINGTON – The company that was to finance Mars One has been liquidated and has given a severe setback to the company's quixotic goals of unilateral human missions to Mars. The Mars One Ventures AG, the commercial arm of the entire Mars An attempt was liquidated on 15 January in a civil court in the Swiss canton of Basel-Stadt. This …

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Family businesses go bankrupt: tariffs, low prices for corn, soybeans, milk and beef are helping to increase agricultural insolvencies in the upper Midwest

The number of companies filing for bankruptcy is increasing in the upper Midwest. According to a recent analysis by the Federal Reserve Bank of Minneapoli, the trend follows low prices for corn, soybeans, milk and beef. The analysis revealed that 84 farms in Wisconsin, Minnesota, North Dakota, had filed for bankruptcy, South Dakota and Montana in the 12 months that …

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Reports: Liquidators win auction for bankrupt bon sound assets, will handle the deal

Bankrupt department store chain Bon-Ton Stores Inc. is reported to be liquidated, ending the course of a 120-year-old company employing hundreds in Lehigh Valley at several locations. Reuters and New York Reorg Research reported on Tuesday evening, citing sources, that a group of liquidators Great American Group and Tiger Capital Group had a judicial auction for Bon-Ton's assets with a …

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