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Op-Ed: Reform Our Bankruptcy Laws Before a Tsunami of Covid Debt Comes Due
When collection moratoria end, there will be a tsunami of foreclosures, evictions, and collection actions, writes Georgetown University Law Professor Adam J. Levitin.
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The 10 Biggest Retail Bankruptcies of 2020
This year, Neiman Marcus and J.C. Penney joined the ranks of some of the biggest retail bankruptcies on record, including Sears, Toys R Us and Circuit City.
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Punch Bowl Social Files for Chapter 11 Bankruptcy After Pandemic Devastates Its Business
Punch Bowl Social filed for Chapter 11 bankruptcy on Monday after the coronavirus pandemic devastated its business.
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There Is Life After Declaring Personal Bankruptcy, But It Comes With Some Big Costs
Personal bankruptcy offers a fresh start for those with high debt levels, but it also comes with long-term costs related to real estate, credit, and jobs.
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It's Going to Be a Make-Or-Break Holiday Season for These Retailers
All retailers could use a strong holiday season to ring in 2021. But for some companies it is especially true, with the holidays being a make-or-break time.
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Apparel Retailer Francesca's Plans to Shut Another 97 Stores After Filing for Bankruptcy
The apparel chain Francesca’s plans to shut an additional 97 locations after it filed for bankruptcy protection, dealing another blow to mall owners.
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Neiman Marcus' Holiday Perks Are Very 2020: Santa Delivers Curbside and Virtual Gift Advisors Send Champagne
Santa will be busy delivering packages curbside at Neiman Marcus this holiday season. This is just one of its initiatives to try to win customers over.
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Francesca's Will Close 140 Stores, May File for Bankruptcy
Many retailers have taken a huge financial hit during the coronavirus pandemic after stores were temporarily closed to halt the coronavirus’ spread.
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Bargain Chain Century 21 to Shut Down After Nearly 60 Years
Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey, Pennsylvania and Florida.
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Payless Has Relaunched, With a Slightly Different Name
Payless ShoeSource closed its final stores in the U.S. in June 2019 after filing for bankruptcy, but the shoe retailer announced Tuesday it is returning.
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Virgin Atlantic Airline Files for US Bankruptcy Protection
Richard Branson’s Virgin Atlantic airline is seeking protection from creditors as it tries to survive the pandemic that is slamming air travel
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Retail Rout Gains Pace, Lord & Taylor Seeks Bankruptcy
Lord & Taylor is seeking bankruptcy protection, as is the owner of Men’s Wearhouse and Jos
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Ann Taylor, Lane Bryant, Justice Parent Company Files for Bankruptcy
The operator of Ann Taylor and Lane Bryant filed for Chapter 11 bankruptcy on Thursday, the latest retailer to do so during the pandemic.
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Brooks Brothers, Worn by Lincoln and Kennedy, Goes Bankrupt
Brooks Brothers, the 200-year-old company that dressed nearly every U.S. president, is filing for bankruptcy protection
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After 30 Years, Lucky Brand Files for Bankruptcy, Has Offer to Sell Company
Denim retailer Lucky Brand Dungarees has filed for bankruptcy protection, blaming its troubles in part on the coronavirus pandemic, and said it has a deal lined up to sell the company. Lucky said it plans to close 13 stores and could shutter more during the bankruptcy process. Los Angeles-based Lucky filed for Chapter 11 protection on Friday in federal bankruptcy…
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Shale Drilling Pioneer Chesapeake Energy Files for Bankruptcy Protection
Chesapeake Energy, a shale drilling pioneer that helped to turn the United States into a global energy powerhouse, has filed for bankruptcy protection.
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Pandemic Takes a Bite, Chuck E. Cheese Files for Bankruptcy
Chuck E Cheese is filing for bankruptcy protection
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Chuck E. Cheese Files For Bankruptcy Protection
Pizza chain Chuck E. Cheese has filed for bankruptcy protection. The chain geared toward children has struggled during the coronavirus pandemic with parents unsure if they can host birthday parties.
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Hertz Files for Bankruptcy Protection After More Than 100 Years in Car Rental Business
Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business. The Estero, Florida-based company’s lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in U.S. Bankruptcy Court in Delaware. Hertz and its subsidiaries...
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Pier 1 Imports Files for Chapter 11 Bankruptcy
Fort Worth-based home goods retailer Pier 1 Imports announced Tuesday that it filed a motion seeking bankruptcy court approval to begin “an orderly wind-down of the company’s retail operations” and to liquidate all assets due to economic stress brought on by the pandemic coupled with the inability to find a buyer.