Many retailers have been struggling in the modern economy and thus have been filing for bankruptcy. More of these bankruptcies, including Chapter 11 bankruptcy filings, are expected as well in the future in Massachusetts and elsewhere. According to one analyst, about 9,000 shops are expected to close down this year, a much larger number than…
Relatively new hospital files for Chapter 11 bankruptcy
A hospital in another state recently filed for bankruptcy. The Chapter 11 bankruptcy filing comes just a couple of years after its opening. The goal of such a bankruptcy filing in the state of Massachusetts and elsewhere is to strengthen the organization financially so that it can be successful long term. The CEO who has…
Chapter 11 filed by Westinghouse, which is under Toshiba
A company that has been active in the area of global nuclear construction, Westinghouse Electric, recently filed for bankruptcy. News of the filing came from the company’s parent, Toshiba. The filing was for Chapter 11 bankruptcy protection, which can be a helpful way for companies in Massachusetts and elsewhere to overcome their debt struggles. Westinghouse…
Debt collector files for Chapter 11 bankruptcy protection
A debt collector in another state has filed for bankruptcy. The bankruptcy filing took place on a recent Sunday. When a company in the state of Massachusetts cannot keep up with its liabilities due to economic reasons, for example, it may find Chapter 11 bankruptcy protection to offer the financial relief it needs. The debt…
HHGregg files for Chapter 11 bankruptcy
Executives at HHGregg, a well-known retailer of appliances and electronics, recently announced the company has filed for bankruptcy. The Chapter 11 bankruptcy filing came a few days after the company’s announcement that it was closing of 88 of its stores in 15 different states. If companies in the state of Massachusetts and other states are struggling…
Gander Mountain ready to file for Chapter 11 bankruptcy
Gander Mountain, which sells camping, fishing and hunting gear throughout the country, is getting ready to file for bankruptcy protection. The possible Chapter 11 bankruptcy filing comes as the retailer struggles to keep up with its debt. Any business in the state of Massachusetts that cannot overcome its debt challenges may find Chapter 11 bankruptcy…
Sporting goods distributor files Chapter 11
A sporting goods distributor recently filed for bankruptcy protection in another state. The Chapter 11 bankruptcy filing was completed on a recent Tuesday. Filing for bankruptcy can be a beneficial move for companies in Massachusetts that are having trouble overcoming their business liabilities. The sporting goods distributor operates a total of 68 stores in seven…
Sport retailer files for Chapter 11 bankruptcy
A retailer in another state recently filed for bankruptcy. The company, Eastern Outfitters, is the parent company of Eastern Mountain Sports as well as Bob’s Stores, a discount chain. Its Chapter 11 bankruptcy filing is one of the latest filings made by retailers in the United States, including in Massachusetts, amid the increasingly competitive pressure…
Golf equipment company completes Chapter 11 bankruptcy filing
A golf equipment company in a different state recently filed for bankruptcy protection. The Chapter 11 bankruptcy filing comes just two years following the company’s launch. This type of bankruptcy filing is available to businesses in Massachusetts and elsewhere that are struggling with overwhelming liabilities. The golf equipment company that recently filed for bankruptcy completed…
Caesars Chapter 11 bankruptcy reorganization plan approved
An entertainment company in another state recently announced that its reorganization plan has been approved by a bankruptcy court at the federal level. The company that filed for Chapter 11 bankruptcy protection is Caesars Entertainment Corp. The reorganization plan was created for the company’s main operating unit. If a company in Massachusetts is facing financial…