Massachusetts pizza company Bertucci's recently decided that it was in dire financial straits and therefore had to make a change. That change came in the form of a Chapter 11 bankruptcy filing. The filing took place on a Sunday, with many restaurants closing as a result.
The company, in its court filing, said it expected...
A number of businesses have come across devastating financial problems lately, especially those in the retail industry. In fact, the number of brand-new Chapter 11 bankruptcy filings in the United States, including in Massachusetts, spiked more than 60 percent year over year this past March, with the number of filings jumping by 299. The...
One of the oldest manufacturers of guns in the United States, Remington, recently determined that it needed to take aggressive action in light of its financial situation. The company thus chose to file for Chapter 11 bankruptcy. Companies in Massachusetts that are facing financial struggles may also benefit from this type of bankruptcy filing.
Remington...
A media company in another state recently determined that it needed to address its poor financial situation. The company, Steel City Media, has therefore filed for Chapter 11 bankruptcy protection. Bankruptcy protection may likewise be the only recourse for companies in Massachusetts that are struggling financially.
In the out-of-state case, the media company that filed...
A drug company in another state recently determined that its financial situation was too bleak for it to keep doing business as usual. Therefore, the company filed for Chapter 11 bankruptcy. Companies in Massachusetts that are facing difficult financial times may likewise benefit from this type of bankruptcy filing.
In the out-of-state case, Orexigen Therapeutics...
An operator of elder-care buildings in another state recently determined that its dire financial straits required it to take immediate action -- a situation that companies in Massachusetts face as well. For this reason, the company, HCR ManorCare Inc., decided to file for Chapter 11 bankruptcy protection. The company has also agreed for a...
An electric car business in another state has been financially struggling. It has therefore decided to file for Chapter 11 bankruptcy protection. Any firm in Massachusetts that is having trouble with staying on top of its liabilities may likewise benefit from this form of bankruptcy protection.
In the recent out-of-state case, the company -- called...
Tops Markets, a supermarket chain that has had a presence in Massachusetts and other states, recently determined that its financial situation warranted taking drastic action. It thus decided to file for Chapter 11 bankruptcy. The move comes as many consumers move toward more non-traditional grocery retailers.
According to court papers, the company's chief restructuring officer...
Bon-Ton Stores recently decided that its dire financial situation required making a drastic move. For this reason, the business, which is the parent company of multiple department store chains, has filed for Chapter 11 bankruptcy. Any company in Massachusetts that is struggling to stay afloat financially may likewise be able to take advantage of...
Many consumers in Massachusetts have likely shopped at Sears stores at least once over the years. However, industry experts say that this may soon come to an end. Sears may have no choice but to file for business bankruptcy in the near future.
Sears was recently downgraded by Fitch, a major credit rating agency, after...
