Latest News for: Bankruptcy management

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Red Lobster reportedly looking for a buyer to avoid bankruptcy filing

New York Post 25 Apr 2024
Red Lobster, which managed to avoid bankruptcy during the pandemic, is saddled with long-term, costly leases and rising labor costs, according to Bloomberg, which first reported on Red Lobster’s potential bankruptcy filing last week.
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Man arrested on European arrest warrant for criminal organization involvement

Ekathimerini 25 Apr 2024
According to a statement from the police, “the 61-year-old participated in an international criminal organization managing companies.
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‘Just found out we’re losing our jobs’: Barista forced to kick out customers after learning ...

The Daily Dot 25 Apr 2024
For context, the cafe where Julia worked was Foxtrot, the grocery store and coffee chain that recently announced, along with Dom’s Kitchen & Market, that it would be closing all locations on Tuesday, April 23 and filing for bankruptcy.
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How athletes and entertainers like Shohei Ohtani get financially duped by those they trust

The Los Angeles Times 25 Apr 2024
'That's rather predatory, and blatantly taking advantage of a very vulnerable person.' Wealth management experts say athletes and entertainers who squander enormous sums fall into three interconnected buckets.
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Sonja Morgan is auctioning her NYC townhouse after 11 years spent on and off the market

New York Post 24 Apr 2024
An entrepreneur, cabaret star and fan favorite, Morgan managed to keep the stately townhouse through ups and downs, which included a 2010 bankruptcy filing ... The bankruptcy case was settled in 2015, ...
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Express Inc. files for bankruptcy amid declining shopper relevance

The Grio 23 Apr 2024
“With the company struggling to gain traction with consumers, it has been obvious for quite some time that bankruptcy was the inevitable destination for Express,” said Neil Saunders, managing director of GlobalData.
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Mall retailer Express is closing 95 stores, including this one in Arizona

Azcentral 23 Apr 2024
“With the company struggling to gain traction with consumers, it has been obvious for quite some time that bankruptcy was the inevitable destination for Express,” Neil Saunders, managing director of GlobalData, said in a note to CNN on Monday.
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Express goes bankrupt with planned sale to WHP, store closures

The Spokesman-Review 22 Apr 2024
Express Inc., the clothing retailer that’s a staple in US malls, filed for bankruptcy with plans to sell itself. The company received an offer from brand manager WHP Global and mall landlords Simon Property Group Inc.
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The Little-Known Sign That Could Help To Detect Alzheimer's 'Years' In Advance

Huffington Post 22 Apr 2024
We show that money management difficulties should be taken seriously as a lead indicator of dementia, especially if stressful experiences such as bankruptcy, bereavement, and divorce, which might ...
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Express files for bankruptcy, plans to close nearly 100 stores as investor group looks to ...

NBC News 22 Apr 2024
Longtime mall retailer Express filed for Chapter 11 bankruptcy protection on Monday, but a group of investors led by brand management firm WHP Global is looking to save the company by acquiring it ... .
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Here are nine Tijuana Flats closed in South Florida as Chapter 11 filing loomed

Sun Sentinel 22 Apr 2024
Tijuana Flats closed nine South Florida restaurants in the days and weeks before filing for Chapter 11 bankruptcy protection on Friday ... A Chapter 11 bankruptcy filing allows a company to restructure its operation while discharging existing debt.
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Dolton has a leadership mess. Its residents deserve better.

Chicago Sun-Times 22 Apr 2024
Financial mismanagement, and worse? Freeman, a Henyard ally who is also municipality manager for Thornton Township, was indicted on one count of federal bankruptcy fraud.
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Illinois attorney general sues MV Realty that's tied to Chicago's Monroe Capital

Chicago Sun-Times 19 Apr 2024
Money for the operation came largely from a $40 million investment in July 2021 by Monroe Capital Management Advisors, according to MV Realty’s bankruptcy filing in Florida ... bankruptcy trustee is ...
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Rite Aid Delays Key Hearing on Bankruptcy Exit, Deal to Cut Debt

Live Mint 18 Apr 2024
... bankruptcy ... US Bankruptcy Judge Michael B ... It has been closing unprofitable stores in bankruptcy and already sold its pharmacy benefits manager unit, Elixir, to MedImpact Healthcare Systems.
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Red Lobster is considering filing for bankruptcy – Metro Puerto Rico

The Cleveland American 18 Apr 2024
Red Lobster seafood restaurant chain The company is considering filing for Chapter 11 bankruptcy as it seeks to restructure its debts, several international media outlets reported. The management of ...

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