Fact: Many Successful People Have Filed Bankruptcy There is an unfortunate and inaccurate stigma surrounding bankruptcy in the United States, one that has kept many people with significant debt from achieving lasting debt relief through bankruptcy.
Extreme debt can feel overwhelming but can be made even more stressful when people are seeking to collect money from you.
Last year 27 large U.S. retailers filed for bankruptcy and this year is on track to be even worse. While we know that brick and mortar stores struggle to compete with online retailers like Amazon, there might just be another reason that so many companies are having to liquidate with Chapter 7.
How Chapter 11 Can Help if You Are a Struggling Business in Arizona Many businesses have been hit hard by the recent economic downturn.
This week retailer American Apparel writes it’s final chapter as America’s once largest retailer. Last week the company was auctioned off to Canadian clothing maker, Gildan Activewear.
Communications giant Avaya Inc., has filed for Chapter 11 bankruptcy. The company, whose products cover communication and messaging, video conferencing, call center, networking, and software and services, has obtained debtor-in-possession financing, and will not sell off its contact center unit at this time.
According to insiders, American Apparel will be filing for Chapter 11 bankruptcy protection again, making it the second time the company has filed.
A federal bankruptcy court judge has given preliminary approval to a statement that details rapper 50 Cent’s assets of nearly $20 million.
Retailer Aeropostale has filed for Chapter 11 bankruptcy protection in a New York court. The company will be closing 113 of its 739 U.
It sounds like Dance Moms star Abby Lee Miller made some shocking claims in her initial bankruptcy filing, which is why perhaps she is dealing with a bankruptcy fraud case.