A plastics company in another state recently decided to file for bankruptcy. Its Chapter 11 bankruptcy filing comes as the company finds itself with more liabilities than assets. A company in Massachusetts that is struggling with large amounts of debt may be able to take advantage of this type of bankruptcy protection, which can offer…
Businesses seek protection in Chapter 11 bankruptcy
The company that owns Romano’s Macaroni Grill recently decided to file for bankruptcy protection. The decision was made because the restaurant is financially struggling as fewer people seek to eat at sit-down restaurants. Like Romano’s Macaroni Grill, companies in Massachusetts who are having trouble making financial ends meet may be able to take advantage of…
Island Air carrier files for Chapter 11 bankruptcy
An aircraft carrier in another state recently decided to file for bankruptcy protection. The Chapter 11 bankruptcy protection was sought with the goal of helping the company, known as Island Air, to continue its normal operations while dealing with some legal troubles involving its aircraft lessors. This type of bankruptcy protection can be helpful for…
Creditors helping businesses going through Chapter 11 bankruptcy
In today’s economic climate, many retailers are finding it hard to keep their doors open. After all, they are facing stiff competition from online retail transactions. As a result, many retailers are taking advantage of Chapter 11 bankruptcy protection, but more retailers in the United States, including in Massachusetts, are now receiving helping hands from…
Paper company files for Chapter 11 bankruptcy protection
A paper company in another state recently filed for bankruptcy. The company, Appvion, completed a Chapter 11 bankruptcy filing in an effort to restructure its debt. Any company in Massachusetts that is struggling financially may benefit from exploring Chapter 11 bankruptcy protection, which may enable it to position itself to keep operations going both now…
Chapter 11 bankruptcy filing involves Aerosoles
A footwear chain for women, Aerosoles, which has a presence in Massachusetts, recently decided to file for bankruptcy. As part of the Chapter 11 bankruptcy filing, the store is planning to close many of its stores. This is just one of the many companies that have experienced tough financial times in the area of retail….
Iconic Toys R Us files for Chapter 11 bankruptcy
The well-known toy store Toys R Us, which has stores in Massachusetts and several other states, has decided to file for bankruptcy protection. The announcement of the Chapter 11 bankruptcy filing came on a recent Monday. The filing will help the store to relieve itself of debt remaining from other parties’ acquisition of it back…
Offshore oil firm files for Chapter 11 bankruptcy protection
An offshore oil firm in another state recently filed for bankruptcy protection. The Chapter 11 bankruptcy filing took place on a Tuesday, with the company’s goal being to restructure its current debts. When companies in Massachusetts are struggling financially due to industry or economic factors, they likewise may take advantage of this type of bankruptcy…
Chapter 11 bankruptcy filing may help Perfumania
A perfume company that has stores nationwide, including in Massachusetts, recently decided to file for bankruptcy. According to the company, the Chapter 11 bankruptcy filing will allow it to reorganize effectively. A total of 64 of its more than 200 stores will be closed as part of the bankruptcy filing. Perfumania sells high-end-brand perfumes at…
University foundation files for Chapter 11 bankruptcy protection
A university foundation in another state recently decided to file for bankruptcy. However, the university will continue to operate as normal as it works on sorting out its financial troubles as part of its Chapter 11 bankruptcy filing. Companies in Massachusetts that are struggling to stay afloat financially may find Chapter 11 bankruptcy protection to…