#bankruptcy

#bankruptcy

Rax Roast Beef was initially successful, reaching its peak with 504 locations across the U.S. and Guatemala, but later faced decline due to poor marketing decisions.

Real American Beer found itself in competition with a proposal led by Hooters Inc., which oversees some franchised Hooters locations. The company's cofounder was a part of that group.

Rubio's Coastal Grill has faced significant decline since 2017, filing for Chapter 11 bankruptcy twice, with a challenging economic environment impacting its operations in California.

Mellencamp references Tastee Freez in 'Jack and Diane,' sparking curiosity about how teens were enjoying a chili dog outside the franchise, which symbolizes youthful pleasure during tough times.

Christine Hunsicker, founder of the fashion startup CaaStle, was indicted on multiple charges, including wire fraud and securities fraud, and allegedly defrauded investors over $300 million.

Jones, the (now former) federal bankruptcy judge, somehow didn't recuse himself from cases involving Freeman, the (now former) partner at Jackson Walker. As a result, Jones resigned and the Department of Justice sued Freeman's former firm to try to disgorge up to $23 million in fees it collected in the 33 cases overseen by Jones while he was involved with Freeman.

Complaints have emerged regarding purchases made at Empress Fine Jewels, with allegations that customers received fake gemstones and encountered issues retrieving deposits after the jeweller's bankruptcy.

We have reached the point where we can no longer continue to operate in the normal course. Because of this, TPX will be filing what is called a Notice of Intention to Make a Proposal (NOI) under the Bankruptcy and Insolvency Act. I want you to know this is not a step I wanted to take.

Today, small-business lifeblood is being squeezed by private equity firms that target local businesses to eliminate competitors, control markets, and raise prices.

Empress Fine Jewels, run by Shuwan Li, faced bankruptcy with debts of €1.5m and was involved in legal issues over stolen rings worth nearly €35,000.

Del Monte Foods, the 139-year-old company best known for its canned fruits and vegetables, is filing for bankruptcy protection as U.S. consumers increasingly bypass its products for healthier or cheaper options.

The dispute shows the limits of using a Chapter 11 bankruptcy case to restructure hundreds of millions of dollars in debt when key participants are locked in a contentious battle.

Bishop Joseph V. Brennan stated, 'I am clear-sighted that this path is the only path that will allow us to handle claims of sexual abuse with fair, equitable compassion while simultaneously ensuring the continuation of ministry within our Diocese.'

Founded in 1964, Black Angus Steakhouse was a popular chain for celebrations, boasting up to 120 locations at its peak but declining to 30 by 2023.

Mark Nussbaum's financial crisis stems from allegations of misusing client escrow funds, prompting him to file for an Assignment for the Benefit of Creditors.

This difficult decision aligns our resources with our core strengths and the most promising growth areas for our podcasting business. We're sorry to say goodbye to talented colleagues and are grateful for their contributions.

Scammers have been targeting consumers with online ads impersonating Big Lots. Links within these ads direct hopeful shoppers to fake websites that are not affiliated with the official retailer. Be aware that any advertisements promoting online Big Lots deals are not legitimate.

CareerBuilder + Monster's bankruptcy filing highlights the struggles of merging two legacy job platforms in an era of declining sales and job market uncertainty.

For decades, the Sacklers put profits over people, and played a leading role in fueling the epidemic. While no amount of money can fully heal the destruction they caused, these funds will save lives and help our communities fight back against the opioid crisis.

Frausto's claim of disrupting the backyard housing industry culminated in personal bankruptcy after numerous lawsuits from clients, revealing potential scams within his companies.

"Even the term 'production' needs to be taken with a pinch of salt here because Lordstown built fewer than 40 Endurance EVs before going bankrupt."

Milton's ongoing fight against the subpoena issued by creditors of his bankrupt electric trucking company raises questions about his financial transparency amid ongoing legal battles.

Joann's shutdown may sound trivial, or even inevitable—the chain is just the latest in a parade of stores that have marched to the graveyard of big-box brands.