NYC’s Gotham Restaurant files for bankruptcy after $45K cyberscam
New York City’s famed Gotham Restaurant has filed for bankruptcy after 40 years in Greenwich Village, two months after a $45,000 cyber fraud forced its owners to close the popular eatery. Gotham Restaurant owner Brett Chensitz filed for Chapter 11 bankruptcy protection this week, according to court documents. Chenchits decided to close the restaurant in […]
Economic Crisis Claims Another Victim As More Than 130 Pizza Hut Locations File For Bankruptcy
Pizza Hut franchisee EYM Pizza LP filed for Chapter 11 bankruptcy protection on Monday. The lawsuit in the Eastern District of Texas could result in the closure of about 140 Pizza Hut locations across the South and Midwest. according to To NRN: EYM apparently owes Manufacturers Bank more than $21 million and Pizza Hut itself […]
Home goods retailer Conn’s files for bankruptcy, closing over 70 stores
Home goods and furniture retailer Conn’s Inc. filed for Chapter 11 bankruptcy protection on Tuesday and announced plans to close several stores. The company announced it would close more than 70 HomePlus stores across 13 states. Corns filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. FOX Business has […]
More student loan borrowers are getting relief through bankruptcy thanks to Biden’s rule change
Americans burdened with student loan debt are increasingly turning to bankruptcy to successfully pay off their debts. (iStock) According to the Department of Education, an increasing number of borrowers who sued to seek student loan forgiveness are now receiving debt relief through bankruptcy after policy changes by President Joe Biden’s administration. A total of 588 […]
Rudy Giuliani’s Bankruptcy Case Thrown Out By Federal Judge
Former Republican Mayor of New York City Rudy Giuliani’s bankruptcy filing was rejected by a federal judge Friday, clearing the way for his effort to collect a $150 million judgment. Giuliani initially filed for bankruptcy in December after a judgment was entered in favor of Georgia election officials Ruby Freeman and Wondrea Arshay Moss. In […]
Redbox shutting down 24K kiosks, after parent company, Chicken Soup for the Soul Entertainment bankruptcy filing
Moviegoing in the digital age has claimed another casualty in the long-running battle for audience control. Redbox, the once-beloved movie rental kiosk and rival to video store Blockbuster, is closing after its parent company filed for bankruptcy. Chicken Soup for the Soul Entertainment (CSSE) changed its Chapter 11 bankruptcy filing to a Chapter 7 liquidation […]
Rudy Giuliani Abruptly Agrees To Withdraw Bankruptcy Case Moments Before Hearing
Rudy Giuliani suddenly agreed to withdraw his bankruptcy filing just before his trial on Wednesday, Law & Crime reported. Giuliani’s bankruptcy proceedings reversed course during a hearing on Wednesday, which resulted in the dismissal of his Chapter 11 bankruptcy reorganization. Giuliani had initially sought conversion to Chapter 7, which would have allowed him to liquidate […]
Home-improvement chain LL Flooring mulls bankruptcy: report
A major U.S. flooring supplier with more than 400 stores that was exposed in 2015 by “60 Minutes” for using unsafe materials is reportedly considering a possible bankruptcy filing. LL Flooring Holdings, formerly Lumber Liquidators, is likely to file within the next few weeks. A source told Bloomberg.The company is the latest to be buffeted […]
Big Lots to close stores, may file for bankruptcy
Discount home goods retailer Big Lots said it plans to close more stores this year and may face permanent closures, becoming the latest major chain to face financial collapse as inflation-hit shoppers cut back on spending. The Ohio-based company operates approximately 1,400 stores nationwide. June SEC filings The company said it plans to close 35 […]
Mod Pizza chain could soon be filing for bankruptcy: report
Popular fast-casual pizza chain Mod Pizza may soon follow several other well-known US restaurants into filing for bankruptcy, according to a new report. The company, which has operations in 28 states, is preparing to file for bankruptcy and could seek court protection as early as next week, the people said. He told Bloomberg Wednesday. But […]