#bankruptcy

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fromTasting Table
1 day ago

The Worst Mexican Chain Restaurants, According To Customers - Tasting Table

There are more than 52,000 Mexican and Tex-Mex restaurants in the entire U.S., per IBIS World. Further data from the Pew Research Center, conducted in 2024, found that 11% of American restaurants serve Mexican-style dishes, and a whopping 85% of counties in the U.S. are home to at least one Mexican restaurant. All of this is to say: Mexican food is a big deal in America.
Food & drink
#john-barnes
#publishers-clearing-house
fromAol
3 days ago
Business

Publishers Clearing House's new plan: Future winners will be protected. Past winners still won't get paid

fromBoston.com
2 weeks ago
US news

Amid bankruptcy, some Publishers Clearing House winners are facing the end of 'forever' prizes

Publishers Clearing House bankruptcy and asset sale jeopardize 'lifetime' prize payments to past winners, with ARB declining responsibility for pre-July 15 payouts.
fromwww.bostonherald.com
2 weeks ago
US news

Amid bankruptcy, some Publishers Clearing House winners are facing the end of forever' prizes

Publishers Clearing House winners with lifetime or pre–July 15 prizes may lose payments after PCH's Chapter 11 bankruptcy and asset sale to ARB Interactive.
fromAol
3 days ago
Business

Publishers Clearing House's new plan: Future winners will be protected. Past winners still won't get paid

fromBoston.com
2 weeks ago
US news

Amid bankruptcy, some Publishers Clearing House winners are facing the end of 'forever' prizes

Food & drink
fromTasting Table
3 days ago

This Once-Popular Steakhouse Chain Has One Remaining Location (It's More Remote Than You'd Think) - Tasting Table

Lone Star grew to 265 locations but later declined from rising costs, closures, private-equity changes, and bankruptcy, leaving one location in Guam.
Real estate
fromThe Mercury News
4 days ago

Lender plans to develop homes on San Jose former Greyhound bus terminal site that faces foreclosure

A lender seeks court approval to foreclose on the abandoned Greyhound site in downtown San Jose and proposes developing mid-rise apartments.
Real estate
fromwww.mercurynews.com
4 days ago

Lender plans to develop homes on San Jose former Greyhound bus terminal site that faces foreclosure

A lender seeks court approval to foreclose on an abandoned downtown San Jose Greyhound terminal to seize the site and pursue redevelopment into mid‑rise housing.
Business
fromTasting Table
1 week ago

This Greek Restaurant Chain Everyone Loves For Its Bottomless Mimosas Has Filed For Bankruptcy - Tasting Table

Opa! Authentic Greek Cuisine filed Chapter 7 bankruptcy and permanently closed all of its California restaurant locations.
fromTasting Table
1 week ago

8 Restaurant Chains That Survived Bankruptcy - Tasting Table

If you've seen the hit FX series "The Bear," you'll know that running a restaurant is tough. It seems like every episode there's a new obstacle for Carmy Berzatto and his team to hurdle, whether it's preparing for cutthroat reviewers, affording enough stock, offering timely attentive service, or simply getting customers through the door. It's a TV series, sure, but many have praised its accurate representation of the industry.
Food & drink
Food & drink
fromFast Company
1 week ago

Iron Hill Brewery closing all locations, joins growing list of restaurant chains to file for bankruptcy in 2025

Iron Hill Brewery & Restaurant abruptly closed all locations and notified employees of bankruptcy, ending operations across multiple eastern U.S. states.
E-Commerce
fromDefector
1 week ago

SEC: This Ponzi Scheme Involved Buying Modell's Out Of Bankruptcy | Defector

Retail Ecommerce Ventures bought Modell's brand after bankruptcy to sell low-cost merchandise online, despite controversies and creditor settlements.
Education
fromBoston.com
1 week ago

A girls' Catholic school in Wenham filed a $26 million bankruptcy. Faculty and family feel like they've been swindled.

The Academy at Penguin Hall closed and filed $26 million bankruptcy, leaving unpaid staff, parents owed tuition refunds, and its 48-acre estate facing auction.
US news
fromIndependent
1 week ago

Developer Sean Dunne's creditors in line for payouts next month

Creditors in Sean Dunne's bankruptcy may receive part of a $27.5m recovery after a US court hearing set for October 28.
fromBusiness Insider
1 week ago

Spirit has already axed flights and asked pilots to take a pay cut. Now it's furloughing 1,800 flight attendants.

About 1,800 of Spirit's roughly 5,200 flight attendants will be affected, with involuntary furloughs set to take effect on December 1. "As part of our ongoing restructuring, we are taking steps to align staffing with our fleet size and expected flight volume," the airline said in a statement to Business Insider. "We recognize the impact of this decision on affected Team Members, and we are committed to treating them with care and respect during this process," it added.
US news
#restaurant-closures
#spirit-airlines
Retirement
from24/7 Wall St.
1 week ago

JCPenney Has Not Gone Out of Business

JCPenney survives with 648 stores after bankruptcy, aided by brand recognition, mall tenancy, and discount model now threatened by tariffs.
#claires
fromAbove the Law
2 weeks ago
Law

Biglaw Partner Gets His Ear Pierced During Court Hearing To Celebrate Saving Claire's From Bankruptcy - Above the Law

fromAbove the Law
2 weeks ago
Law

Biglaw Partner Gets His Ear Pierced During Court Hearing To Celebrate Saving Claire's From Bankruptcy - Above the Law

Food & drink
fromTasting Table
1 week ago

The Once-Popular Steak Restaurant That Went Bankrupt In The '80s - Tasting Table

Victoria Station was a railroad-themed steakhouse chain that grew to over 100 locations but faced closures and filed for bankruptcy in 1986.
Law
fromAbove the Law
2 weeks ago

'Anti-Woke' Startup Suing Biglaw Firm Because Why The Hell Not - Above the Law

GloriFi's trustee sued Winston & Strawn for $1.7 billion alleging malpractice and fiduciary breaches that contributed to nearly $2 billion in lost enterprise value.
Business
fromEntrepreneur
2 weeks ago

Spirit Airlines Announces More Flight Cuts, Layoffs | Entrepreneur

Spirit Airlines will cut 25% of flight capacity in November 2025 and prepare for further job reductions amid a second bankruptcy and heavy financial losses.
fromScripps News
2 weeks ago

Publishers Clearing House bankruptcy ends payouts to 'forever' prize winners

Publishers Clearing House, known for its surprise home visits and oversized prize checks, has filed for bankruptcy, ending decades of "forever" payouts to past winners. The sweepstakes company, which operated for nearly 60 years, sold its assets to mobile gaming firm ARB Interactive for $7.1 million. Under the agreement, however, the buyer will not honor lifetime payments owed to winners before July 15.
Business
#retail
fromFast Company
1 month ago
Business

Claire's went from millennial rite of passage to Gen Alpha washout. But don't count out the mall icon yet

E-Commerce
fromFast Company
1 month ago

Bed Bath & Beyond rises from the dead - and yes, they'll take your coupons

Bed Bath & Beyond went bankrupt in 2023 but is returning as Bed Bath & Beyond Home under Overstock's ownership.
Toronto
fromwww.cbc.ca
1 month ago

Accessory retailer Claire's to seek creditor protection in Canada but stores will stay open | CBC News

Claire's Holdings LLC has filed for bankruptcy protection in the U.S. and plans to file in Canada.
fromFast Company
1 month ago
Business

Claire's went from millennial rite of passage to Gen Alpha washout. But don't count out the mall icon yet

fromwww.cbc.ca
1 month ago
Toronto

Accessory retailer Claire's to seek creditor protection in Canada but stores will stay open | CBC News

#hotel-sale
fromTasting Table
2 weeks ago

The 1970s-Era Gourmet Burger Chain That Still Hangs On With 7 Remaining Locations - Tasting Table

The brand has gone through a handful of changes over the years, including being bought out for 10.2 million and filing for bankruptcy. When Max & Erma's first started, the focus was on fun. Telephones were set onto tables for customers to make phone calls across the restaurant while waiting for burgers to arrive. Patties made with 10 ounces of fresh beef quickly won over hearts and stomachs, and the chain ballooned.
Food & drink
fromwww.mercurynews.com
2 weeks ago

Renowned Walnut Creek chef arrested, again, in bank robbery spree

At this point, it's probably safe to say that Valentino Luchin is better at cooking risotto, calamari, and grilled lamb sirloin than he is at robbing banks. In 2018, the celebrated chef and former owner of an Italian restaurant in Walnut Creek pleaded guilty to robbing an Orinda bank and received a yearlong jail sentence, followed by probation. Now he's back in jail, this time in San Francisco, where prosecutors accuse him of robbing three banks within a single day, court records show.
US news
Cannabis
fromsfist.com
2 weeks ago

Vacant Haight Street Dispensary Space Now Home to Once-Bankrupt Marijuana Company Eaze

Eaze reopened a Haight Street dispensary at 1685 Haight after bankruptcy, occupying a location formerly known as Berner's/Blaze and reflecting cannabis industry volatility.
fromABC7 San Francisco
3 weeks ago

Pinstripes bowling alley and restaurant closes Walnut Creek location less than a year after opening

WALNUT CREEK, Calif. (KGO) -- The bowling alley and restaurant Pinstripes in Walnut Creek has unexpectedly closed. It first opened on Main Street less than one year ago. The sign outside the location today says it is permanently closed. The business took to social media saying the company is voluntarily filing for Chapter 11 bankruptcy protection and closing some locations. Copyright © 2025 KGO-TV. All Rights Reserved. Top Stories
California
Food & drink
fromTasting Table
3 weeks ago

Popular Midwest 'Eatertainment' Chain Files For Bankruptcy - Tasting Table

Pinstripes filed for Chapter 11 bankruptcy and will keep operating while creditors pursue a debt-to-equity bid amid $143 million in overall debt and recent location closures.
#red-lobster
Music
fromLos Angeles Times
3 weeks ago

Damon Dash files for bankruptcy, says he is $25 million in debt: 'Let's get to work'

Damon Dash filed for Chapter 7 bankruptcy reporting $25.3 million in debt, no monthly income, and only $4,350 in assets.
#ponzi-scheme
fromFortune
1 month ago
US news

Miles 'Burt' Marshall, 73-year-old upstate New Yorker, indicted for alleged $95 million Ponzi scheme

fromFortune
1 month ago
US news

Miles 'Burt' Marshall, 73-year-old upstate New Yorker, indicted for alleged $95 million Ponzi scheme

fromThe Mercury News
4 weeks ago

Books Inc. finds buyer in effort to keep doors open

Barnes & Noble Booksellers, a retailer that itself has closed some stores, has emerged as the sole candidate to buy Books Inc., according to documents on file with the U.S. Bankruptcy Court. Barnes & Noble agreed to pay $3.25 million, according to a letter of intent dated July 7. The potential purchase appears to be an all-or-nothing gambit to survive, a court filing by Books Inc. Chief Executive Officer Andrew Perham indicates. Books Inc. filed for bankruptcy in January.
US news
Food & drink
fromTasting Table
4 weeks ago

This Once Popular Texas-Based Mexican Restaurant Chain Is Declaring Bankruptcy - Tasting Table

Abuelo's Mexican chain filed for bankruptcy after years of declining sales, rising costs, and multiple location closures across several states.
fromPadailypost
1 month ago

Two local crypto execs sentenced to prison

Daniel Schatt, 55, of San Mateo, and Joseph Podulka, 53, of Palo Alto, each pleaded guilty on May 13 to one count of wire fraud conspiracy in connection with their roles in defrauding customers of Cred, a San Francisco-based firm that provided financial services to holders of cryptocurrency and other assets. Schatt, who co-founded Cred, served as the CEO and Podulka served as the company's CFO.
Cryptocurrency
fromTechCrunch
1 month ago

The fall of EV startup Fisker: A comprehensive timeline | TechCrunch

Fisker cut production targets multiple times, failed to meet sales goals and laid off staff. What's more, its Ocean SUV was beset with software and mechanical issues, rendering it inoperable for some. Add troublesome brakes, sudden power loss and doors that wouldn't open to the list of issues that led to multiple safety investigations and ultimately a pause in production in order to raise new capital.
Startup companies
Media industry
fromwww.theguardian.com
1 month ago

Vice Is Broke review epic levels of hubris on show in downfall of millennial media darling

Vice rose from a punk magazine to a $6bn media empire by selling cool to millennials, then collapsed into bankruptcy from hubris and lost authenticity.
US news
fromwww.mercurynews.com
1 month ago

Ronn Owens' daughter loses court bid in pregnancy scandal; must pay $200K

Arizona Supreme Court denied review, leaving a ruling that found Laura Owens' paternity claims false and ordered her to pay Clayton Echard's attorney fees.
Bicycling
fromBikeMag
1 month ago

Once-Booming Cycling Industry Now in Crisis: Another Brand Folds

7Anna Group, owner of NS Bikes and bike brands, filed for bankruptcy after distributor collapse, withheld bank funding, supplier bankruptcy, theft, and unpaid client shipments.
Miscellaneous
fromIndependent
1 month ago

Entrepreneur Illann Power takes legal challenge against prosecution for revenue and forgery offences

Illann Power, a US-based Carlow businessman and founder of Incubrands, has launched a High Court legal challenge against prosecution over nearly 90 alleged offences.
East Bay real estate
fromwww.mercurynews.com
1 month ago

Berkeley apartment owner facing loan foreclosure files for bankruptcy

The owner of a 97-unit Berkeley apartment complex filed Chapter 11 bankruptcy to delay foreclosure and auction after defaulting on a $28.3 million loan.
Bicycling
fromBikeMag
1 month ago

This Innovative MTB Brand Went Bankrupt in 2024, But Might Not Be Gone for Good

Pole Bicycles is selling discounted prototype frames to raise funds for brand revival after bankruptcy.
#brooklyn-mirage
fromwww.mercurynews.com
1 month ago

Ronn Owens declares bankruptcy amid controversy over daughter, GoFundMe plea

The couple filed for bankruptcy, revealing $2.3 million in liabilities, including $511,000 owed to over 40 creditors, despite Ronn Owens' lengthy career.
Fundraising
fromtherealdeal.com
1 month ago

Flagstar takes aim at Joel Wiener's portfolio management, valuations

Flagstar Bank has accused billionaire landlord Joel Wiener of mismanaging his properties and disputing the value appraisals, raising alarms over his financial dealings.
New York City
Food & drink
fromTasting Table
1 month ago

The Failed Tex-Mex Chain That Was Almost As Popular As Chi-Chi's - Tasting Table

Don Pablo's Grille Mexicana was once a thriving Tex-Mex chain but filed for bankruptcy in 2017.
Food & drink
fromTasting Table
1 month ago

This Massive Pizza Chain Has Actually Survived Bankruptcy Twice - Tasting Table

Sbarro has declined from its peak popularity in the '80s and '90s, despite attempts to rebrand and modernize its offerings.
E-Commerce
fromFast Company
1 month ago

Why David's Bridal said 'I do' to AI

David's Bridal is transforming from a wedding dressmaker to a technology platform for the wedding industry, beginning with its AI tool, Pearl Planner.
fromBusiness Matters
1 month ago

2,000 jobs at risk as Claire's UK enters administration after US parent's bankruptcy

More than 2,000 jobs are at risk after Claire's UK entered administration, a week after its American parent company filed for Chapter 11 bankruptcy protection.
E-Commerce
Germany news
fromInsideEVs
1 month ago

This Solar EV Was Touted As A Revolution. It's Now Being Sold For Under $1,000

Sono Motors, a solar EV startup, went bankrupt in 2023 and is auctioning off its prototypes and components at low prices.
Cars
fromInsideEVs
1 month ago

This Once-Promising Chinese EV Is Now Rotting In Northern California

Byton K-Byte was planned as a competitor to Tesla Model S, but the company went bankrupt before production.
US news
fromwww.independent.co.uk
1 month ago

PBR claims Dr. Phil orchestrated' bankruptcy to jumpstart' new media venture

Professional Bull Riders accuse Dr. Phil of bad faith bankruptcy filing to evade litigation and promote a new media venture.
E-Commerce
fromwww.mercurynews.com
1 month ago

Three charged in plot to boost value of California tech company before SPAC deal

Three men were indicted for engineering a scheme to fraudulently inflate Near Intelligence Inc.'s revenue by $25 million.
UK politics
fromwww.theguardian.com
1 month ago

As dark financial clouds gather, Labour has to heed its past: when it chooses austerity, it loses elections | Andy Beckett

Britain faces potential bankruptcy due to excessive state spending and rising public debt.
Real estate
fromCbsnews
1 month ago

Long Island's historic Oheka Castle files for bankruptcy

Oheka Castle has filed for Chapter 11 bankruptcy due to over $60 million in debt.
fromTasting Table
1 month ago

How Friendly's Beat Bankruptcy Twice And Avoided Total Failure - Tasting Table

The revamp efforts saw Friendly's into its next era - that is, until 2020. When the COVID-19 pandemic struck, restaurants were especially affected, including Friendly's.
Renovation
Pets
fromSFGATE
2 months ago

San Francisco tech company, once worth $650 million, files for bankruptcy

Wag files for Chapter 11 bankruptcy to restructure its failing business and eliminate debt, maintaining its pet services operations.
fromTasting Table
1 month ago

Why Kentucky Whiskey Distilleries Are Filing For Bankruptcy - Tasting Table

The Distilled Spirits Council reports domestic whiskey sales grew from $1.3 billion in 2003 to $5.27 billion in 2023, a roughly 300% increase.
Food & drink
Business
fromFortune Europe
1 month ago

What can Northvolt's failure teach us about Europe's competitive future?

Northvolt's battery factory has closed following its bankruptcy, highlighting challenges in competing in the clean energy sector.
fromRedfin | Real Estate Tips for Home Buying, Selling & More
1 month ago

Can You Buy a House After Bankruptcy? Yes, and Here's How

While filing for bankruptcy can present financial challenges, it is crucial to understand that it does not permanently close the door on homeownership. Many individuals successfully purchase a home after navigating the bankruptcy process.
Real estate
#mc-hammer
Business
fromTelecompetitor
1 month ago

Bluebird Fiber's Everstream Acquisition Gains a Key Approval

Everstream's operations are sold to Bluebird Fiber for $384.6 million, marking a new chapter for the company.
Chicago
fromEater Chicago
1 month ago

Aya Pastry Set to Close, Two Years After Its Namesake's Exit

Etta Collective, including West Town bakery, filed for bankruptcy in 2024, leading to Aya Pastry's closure.
NYC real estate
fromPitchfork
1 month ago

Avant Gardner, Club Complex That Includes Brooklyn Mirage, Files for Bankruptcy

Avant Gardner LLC has filed for Chapter 11 bankruptcy, jeopardizing the reopening of Brooklyn Mirage.
#avant-gardner
US politics
fromBusiness Insider
2 months ago

Student-loan borrowers who were counting on cheaper payments are struggling to plan for higher payments: 'We're all in limbo'

Rising student loan payments and expiring repayment plans lead to potential bankruptcy for borrowers like Mary Smith.
fromwww.theguardian.com
2 months ago

Germany's oldest and biggest' gay nightclub declares bankruptcy

SchwuZ has served as more than a nightlife venue for nearly 50 years, creating a community space for queer art, family, and resistance, helping shape Berlin's LGBTQ+ identity.
LGBT
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