The state of the U.S. economy in 2009 was not happy news for many individuals or companies, and the Las Vegas hotel/casino Fontainebleau was not immune to the looming financial woes. In the spring of 2009, the developers of the Fontainebleau issued a bleak warning to their lenders: if more monies were not invested in …
Continue reading “10 Years Since the Fontainebleau Went Bankrupt”
It seemed to outsiders that the marijuana industry in Las Vegas would be nothing but a BOOM – with the lucky dispensary license holders sure to make millions off locals and tourists alike, looking for a welcomed ‘high.’ However, despite how green the grass is in the marijuana industry, it is not always an easy …
Continue reading “Cannabis Company CWNevada Faces 6 Lawsuits and Files for Bankruptcy”
Less than two years after Payless emerged from its 2017 bankruptcy, the 63-year-old shoe retailer is filing for Chapter 11 bankruptcy again. The going-out-of-business liquidation sales began at over 2,500 stores in the US and Canada. Sixteen thousand employees will lose their jobs. The process is set to conclude by the end of May. Why …
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Customers who placed furniture for sale in Colleen’s Consignment Stores are disgruntled at the fact that the stores have declared bankruptcy – leaving their belongings in limbo, yet to be rightfully returned. Las Vegas bankruptcy lawyers agree that this situation is less than ideal for customers of Colleen’s Consignment. Las Vegas Bankruptcy Leaves Customers in …
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Sears was lucky to receive the green light on a $5.2 billion plan, proposed by Sears chairman and biggest shareholder, Eddie Lampert. This restructuring plan is meant to give Sears a second chance on life and hopefully keep the historical, retail business alive and kicking. Experienced bankruptcy lawyers agree this is a bold plan to …
Continue reading “Sears Given a New Lease on Life after Bankruptcy Judge Approves Plan”
The San-Francisco-based company PG&E is set to reorganize under a Chapter 11 Bankruptcy filing, due to the potential liabilities of over $30 billion caused by the wildfires. The sheer magnitude of this filing means the company will have to work very closely with a team of skilled bankruptcy attorneys to ensure the optimal outcome. How …
Continue reading “PG&E Files Chapter 11 Bankruptcy; CEO Resigns after Fires”
Over 265 young women have come forward with sexual misconduct allegations against Larry Nassar, former USA Gymnastics national team osteopathic physician. Hundreds of lawsuits have been filed by these women, claiming Nassar sexually abused them while under the pretense of providing medical treatment. When Did The Allegations Begin? The first public statements were made back …
Continue reading “USA Gymnastics Files for Chapter 11 Bankruptcy Following Sex Scandal”
The nation’s leading wedding retailer is considering a marriage of its own – a marriage to bankruptcy. Online Shopping Continues to Hurt Retailers Like many other retailers who struggled to innovate in the digital age, David’s Bridal has seen its business slowing down in recent years as more brides order dresses from online companies, companies …
Over a dozen major retailers have filed for bankruptcy so far in 2018, closing down the majority of their stores, if not all of them. These retailers include clothing chains, department stores, and shoe stores that will likely be household names for you if you grew up in the era of mall shopping. Not surprisingly, …
Continue reading “Mattress Firm & Other Retailers Filing Bankruptcy in 2018”
The CEO of Sears Holdings Corporation – best known to the public as Sears – has a plan to save his retail chain from bankruptcy. The controversial plan will require the help of highly skilled bankruptcy attorneys to ensure it goes smoothly. Why is the Bankruptcy Plan Controversial? The potential controversy stems from the fact …
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