Phil Murphy’s Flawed School Funding Formula Sends One Of New Jersey’s Largest Districts Into Bankruptcy
TOMS RIVER, N.J. — The Toms River Regional School District is warning of potential summer school cancellations and exploring Chapter 9 bankruptcy as it faces a multimillion-dollar budget shortfall, despite increases in…
New Jersey Big Lots Stores Spared from Latest Bankruptcy Related Closings
TOMS RIVER, NJ – Big Lots is closing more stores as it moves forward in its bankruptcy proceedings, but this time, New Jersey stores won’t be affected. Big Lots, Inc. has entered…
More Closures Coming as Big Lots Announces New Bankruptcy Sale Agreement
TOMS RIVER, NJ – Big Lots, a popular overstock and discount chain store has already announced the closure of one New Jersey location, but more could be coming. The company operates stores…
Rite Aid Stores Across New Jersey Grappling With Empty Shelves Amid Bankruptcy
TOMS RIVER, NJ – If shopping at Rite in New Jersey feels like shopping in a third-world socialist nation lately, it’s not you. It’s real. The company is in trouble and it…
Bob’s Stores Files Bankruptcy, Liquidation of New York and New Jersey Stores
FREEHOLD, NJ – Bob’s Stores (“Bob’s”), a subsidiary of GoDigital Media Group, announced that the company will close all of it’s Bob’s locations and liquidate all inventory, as part of the Chapter…
Delaware’s Red Lobster Locations to Remain Open Despite Bankruptcy Filing
Orlando, FL – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating a significant restructuring of its business operations. Despite the company’s decision to close an unspecified number of restaurants across…
Red Lobster Files for Bankruptcy, Closes Several Maryland Locations
Orlando, FL – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating a significant restructuring of its business operations. According to its website, the company has temporarily closed its restaurants in…
Red Lobster Files for Bankruptcy Closes New Jersey Restaurants
Red Lobster Files for Chapter 11 Bankruptcy and Announces Restaurant Closures TOMS RIVER, NJ – Red Lobster has filed for Chapter 11 bankruptcy protection, initiating a significant restructuring of its business operations.…
Huntington Man Sentenced for Making False Declaration in Bankruptcy Case
According to court documents and statements made in court, on or about April 30, 2019, Spence filed for bankruptcy as an individual and separately on behalf of Park Place Properties LLC, one…
Bankruptcy Filings Surge in 2023, Marking Significant Increase After Decade of Decline
TRENTON, NJ – In the twelve-month period ending December 31, 2023, the United States saw a notable rise in bankruptcy filings, according to the latest statistics from the Administrative Office of the…
At Japan Airlines, bankruptcy helped lay groundwork for first female boss
By Maki Shiraki and Anton Bridge TOKYO (Reuters) – The seeds of former flight attendant Mitsuko Tottori’s rise to the top of Japan Airlines (JAL) were planted in the aftermath of the…
Bankman-Fried’s FTX to get bankruptcy examiner to probe collapse – US appeals court
By Jonathan Stempel (Reuters) – A federal appeals court on Friday ordered the appointment of an independent bankruptcy examiner to investigate the Nov. 2022 collapse of FTX, the cryptocurrency exchange once led…
Brazil’s Gol says restructuring details undefined after report on potential bankruptcy
SAO PAULO (Reuters) – Brazilian airline Gol said on Tuesday it is discussing how to reach a “consensual” restructuring with financial stakeholders, following a media report that it was mulling filing for…
New Jersey Pioneering Craft Brewing Business Files for Bankruptcy
SOMERDALE, NJ – Flying Fish Brewery Company, one of New Jersey’s pioneering craft breweries, has filed for Chapter 11 bankruptcy protection amid substantial financial challenges. The Somerdale-based brewery reported liabilities of $9.3…
Air Methods exits bankruptcy with $1.7 billion less debt
(Reuters) – Air Methods, a private equity-owned medical helicopter company, said on Thursday it has emerged from bankruptcy nearly two months after it filed for Chapter 11 bankruptcy protection. The restructuring process…
Crypto miner Core Scientific expects to emerge from bankruptcy in January
(Reuters) -Cryptocurrency miner Core Scientific said on Thursday it was expecting to emerge from bankruptcy in mid-to-late January, a year after it became a casualty of high-profile collapses that led to a…
US pharmacy chain Rite Aid agrees to bankruptcy mediation, gets loan approval
By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid received court approval on Tuesday for a bankruptcy loan that would let the company borrow an additional $200 million, while agreeing…
J&J says it has settled some talc claims, will continue bankruptcy strategy
By Brendan Pierson (Reuters) – Johnson & Johnson’s worldwide vice president for litigation said on Tuesday that the company has recently reached settlements with several law firms over their clients’ claims that…
Signa unit confirms bankruptcy filing in letter to employees – Wirtschaftswoche
FRANKFURT (Reuters) – Signa Real Estate Management confirmed its bankruptcy filing in a letter to employees on Friday evening, German magazine Wirtschaftswoche reported on Saturday, citing a copy of the letter. In…
US judge dismisses involuntary bankruptcy against Mexico’s TV Azteca
MEXICO CITY (Reuters) – A U.S. judge has dismissed an involuntary bankruptcy case against Mexican broadcaster TV Azteca, controlled by Mexican billionaire Ricardo Salinas Pliego, stemming from a petition filed by bondholders…
Celsius Network pivots to bitcoin mining after bankruptcy
By Dietrich Knauth NEW YORK (Reuters) – Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators’ skepticism of its other planned…
Justice Department and Department of Education Announce Successful First Year of New Student-Loan Bankruptcy Discharge Process
WASHINGTON – The Justice Department, in close coordination with the Department of Education, announced today a successful first year of the new process for handling cases in which individuals seek to discharge…
Agoura Hills Property Developer Sentenced to Nearly 3½ Years in Prison for Lying on Bankruptcy Petition and Filing False Federal Tax Returns
LOS ANGELES – An Agoura Hills real estate developer was sentenced today to 41 months in federal prison for failing to disclose on a bankruptcy petition that he had earned nearly $2.3…
Drugmaker Mallinckrodt emerges from bankruptcy
(Reuters) -Drugmaker Mallinckrodt said on Tuesday it has emerged from bankruptcy and reduced its total funded debt by about $1.9 billion. Mallinckrodt, which won court approval for its bankruptcy plan last month,…
One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT
One Of The 2010s’ Trendiest Startups Plans To File Bankruptcy: REPORT Will Kessler on October 31, 2023 The once-booming start-up WeWork will file for bankruptcy as early as next week as the…
Private equity backed US peach farm files for bankruptcy to pursue sale
By Dietrich Knauth NEW YORK (Reuters) – Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 bankruptcy protection…
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