Latest News for: Bankruptcy management


United States: Main cause of bankruptcy of traditional rppusa restaurant chain

The Cleveland American 23 May 2024
A popular restaurant chain in the United States has declared bankruptcy and is closing locations across the country ... Why did Red Lobster file for bankruptcy? ... The company seeks to use the bankruptcy ...

Eight interested in buying Tattered Cover ahead of June 12 auction

Denver Post 23 May 2024
The eight parties, who have not been named, “are actively reviewing data and information” and meeting with Tattered Cover managers “to evaluate a potential offer,” the company told a U.S. Bankruptcy Court judge last week.

San Bernardino City Manager Charles Montoya’s fate being discussed

Redlands Daily Facts 23 May 2024
The San Bernardino City Council is behind closed doors Wednesday evening, May 22, to discuss the fate of City Manager Charles Montoya ... San Bernardino council to review city manager Charles Montoya’s performance ... He formally started as city manager Oct.

Citgo’s Venezuelan Parent Weighs US Bankruptcy to Slow Sale

Live Mint 22 May 2024
Almost 20 creditors have won the legal right to some of the sale’s proceeds.  In a statement today Citgo said its management had no plans to file for bankruptcy, declining to comment on matters ...

It wasn't just the endless shrimp: Red Lobster's troubles detailed in bankruptcy filing

Usatoday 22 May 2024
... Paul Kenny adding unlimited endless shrimp as a permanent $20 item to the menu "despite significant pushback from other members of the company's management team," according to the bankruptcy filing.

Senator says Steward bankruptcy could 'disrupt care for patients,' wants special counsel

Taunton Daily Gazette 22 May 2024
As Steward Health Care bankruptcy proceedings continue, Senate Minority Leader Bruce Tarr filed a budget amendment allowing the attorney general to appoint a special counsel to handle the commonwealth's interests in the case.

NJ Red Lobster employees take legal action after company files for bankruptcy

My Central Jersey 22 May 2024
Two employees at a Morris County Red Lobster filed a class action lawsuit after the seafood restaurant abruptly closed and the company declared bankruptcy. Brandon Wright was a full-time manager at the ...

Chapter 13 Lawyer Daniel Straffi Unveils Comprehensive Guide on Understanding Chapter 13 Bankruptcy in New Jersey

GetNews 21 May 2024
The article further discusses life during and after Chapter 13 bankruptcy, offering invaluable advice on managing finances under a repayment plan, dealing with unexpected financial challenges, and rebuilding credit post-bankruptcy.

Care monitor named for Steward hospitals

Boston Herald 21 May 2024
A senior living facility owner and health care management consultant has been appointed through U.S. Bankruptcy Court to monitor patient care at Steward Health Care facilities in Massachusetts and ...

Red Lobster choked on its own shrimp supply

CNN 21 May 2024
Then, it got screwed by its own managers ... Management wasn’t doing the chain any favors, either, as Red Lobster’s new CEO/bankruptcy shaman Jonathan Tibus notes in the Chapter 11 filing.

Column: It wasn’t just the endless shrimp — Red Lobster’s corporate owners drove it into bankruptcy

The Los Angeles Times 21 May 2024
According to Sunday's bankruptcy filing by the chain's new management, the chain was saddled with suffocating leases at 'above-market' rents; these were the product of a financing deal entered into by Golden Gate.

Red Lobster chain goes bankrupt after unlimited shrimp deal

The Spokesman-Review 20 May 2024
Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high ... The case is Red Lobster Management LLC, 24-02486, US Bankruptcy Court for the Middle District of Florida.

How Red Lobster’s misguided endless shrimp promotion drove it into bankruptcy

CNN 20 May 2024
Red Lobster filed for bankruptcy Sunday, ... “Certain operational decisions by former management have harmed [Red Lobster’s] financial situation in recent years,” Red Lobster said in its bankruptcy filing.

Red Lobster officially files for bankruptcy after being rinsed of cash by all you can ...

The Daily Mail 20 May 2024
Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering dozens of restaurants ... The bankruptcy petition is signed by CEO Jonathan Tibus, a corporate restructuring specialist who took the top post at Red Lobster in March.

Healwell AI stock: turnaround has room to run

Invezz 18 May 2024
... saved the company from bankruptcy ... Healweall AI’s management has implemented what is turning into a strong turnaround for a company that was on the verge of bankruptcy because of its clinics business.