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Sears Has not Fared Better After Bankruptcy as Another 100 Stores Will Soon Close

Sears's bankruptcy filing what's supposed to give the troubled retailer a fresh start. Roughly a quarter of the 425 Sears and Kmart stores that financier       Edward Lampert         The shelves at some of the remaining locations are bare of crucial products-no lawn mowers in summer or garden "Edgar Dworsky, a consumer advocate, who recently visited a Sears in Saugus, Mass., …

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AlphaDream, developer of Mario & Luigi, files for bankruptcy

AlphaDream, the developer of the acclaimed series of Mario & Luigi RPGs for Nintendo, has filed for bankruptcy. This news comes from the trusted Japanese Nintendo source, which also notes, "The company's sales in March 2014 were ¥ 300 million ($ 2.78 million), but the company's debt was $ 465 million by March 2018 ¥ ($ 4.3 million). "A shocking …

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Trump's may have forced on American steel company into bankruptcy.

Rusting steel pipes. Candace Elliott / Reuters We're Getting Ripped Off                    The Real Lesson From the WeWork Debacle                    Bernie Sanders' Wealth Tax Is Wonkier Than Elizabeth Warren's and Harder to Sell, and It Makes a Tone of Sense                    43 Percent of White Students Harvard Admits Are Legacies, Jocks, and the Kids of Donors and Faculty                    Donald …

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Forever 21 bankruptcy: 5 reasons why it could have happened

Susan Li of FOX Business reports that Forever 21 has filed for bankruptcy. Forever 21 begins to age. The iconic youth-oriented fashion retailer announced on Monday that it is actually filing for bankruptcy, even though it had spent 10 days earlier trying to suppress rumors about business developments in a newsletter. Under Chapter 11 of the US Bankruptcy Law, Forever …

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Forever 21 files for bankruptcy protection according to chapter 11

Image Rights Getty Images Fashion retailer Forever 21 has filed for bankruptcy protection under Chapter 11 in the United States. The company plans to leave "most of its international locations in Asia and Europe," but continues to operate in Mexico and Latin America. According to a spokesman, up to 350 shops worldwide are to be closed, including 178 US stores. …

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Purdue Pharma, accused of fueling the opioid crisis, files for bankruptcy: NPR

Purdue Pharma headquarters in Stamford, Conn, shown last week. The company, which makes OxyContin and other medicines, filed lawsuits in New York on Sunday to seek Chapter 11 bankruptcy protection. Frank Franklin II / AP Hide Caption Switch caption Frank Franklin II / AP Purdue Pharma headquarters in Stamford, Conn, shown last week. The company, which makes OxyContin and other …

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Purdue Pharma applies for bankruptcy as part of liquidation

Purdue Pharma, the billion-dollar company that sold OxyContin, a prescription painkiller, filed for bankruptcy in White Plains, New York, a few days after a preliminary deal was reached with many state and local authorities over the sale of Opioids had complained. [19659002] The submission was expected before and after the preliminary deal, which could amount to as much as $ …

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Purdue Pharma has filed for bankruptcy following an agreement to settle opioid lawsuits

Painkiller maker OxyContin said in a statement that bankruptcy was the next step in implementing the agreement to pay billions of dollars to states and local and tribal governments accusing the pharmaceutical giant of coping with the opioid crisis. The company has denied any wrongdoing. "Among other things, this court-supervised proceeding seeks to enable a fair and equitable settlement of …

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