Bankruptcy

Most Of What You Read About The Bankruptcy Filing Rate Is Wrong

A popular narrative is that bankruptcy filing rates are increasing dramatically. That is not true. If you want to know what is happening with the bankruptcy filing rate during covid-19, the best source is Ed Flynn's analyses over at the...

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3 Best Retail Stocks To Buy In August

Retail seems like a horrible idea for an investment. The graveyard of companies that have sought bankruptcy protection this year added two more tombstones this weekend after Lord & Taylor and Tailored Brands both sought the court's...

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Trade Secret Stealing Ex-googler Sues Uber For $4b

It seems we hadn’t heard the last from the case in which Google‘s former head of self-driving stole trade secrets, joined Uber, and declared bankruptcy after getting sued left, right, and center. The autonomous vehicle whizkid, Anthony...
Related topics: Google

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8-year-old Clothing Rental Company Le Tote Bought Lord & Taylor With A Plan To Save It From...

Le Tote and Lord & Taylor both filed for bankruptcy about a year after the startup bought the storied department store.
Related topics: Startup

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What Is Chapter 15 Bankruptcy? Here's What To Know About The Obscure Protection Virgin Atlantic Is...

Chapter 15 allows US and foreign courts to cooperate when assets are spread between countries — as with Virgin Atlantic.

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Mcclatchy, Family-run News Chain, Goes To Hedge Fund In Bankruptcy Sale

A federal judge signed off on a $312 million deal for the prestigious newspaper company to Chatham Asset Management at a hearing Tuesday.
Related topics: Hedge Funds

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Men's Wearhouse, Jos. A. Bank Owner Tailored Brands Files Chapter 11 Bankruptcy Amid Store...

The parent company of suit sellers Men's Wearhouse and Jos. A. Bank filed for Chapter 11 bankruptcy Sunday amid store closings. See the list.       
Related topics: Banking

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Men's Wearhouse And Jos. A. Bank Parent Is Planning To Close 100 Stores Imminently In Bankruptcy....

Tailored Brands, parent of Men's Wearhouse and Jos. A. Bank, said it could eventually close up to 500 stores.
Related topics: Banking

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Lord & Taylor Joins List Of Us Retail Companies Filing For Bankruptcy

Retailers Lord & Taylor and Tailored Brands Sunday filed for Chapter 11 bankruptcy, joining a growing list of companies seriously affected by the coronavirus pandemic.  Lord & Taylor is one of the oldest department stores in the United States,...

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Dwayne Johnson Part Of Xfl Ownership Bid

The actor and former wrestler, who is known as the Rock, is part of a group of investors that bought what remains of the XFL for $15 million, pending bankruptcy court approval.

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Retail Bankruptcy Has Become Boring

Lord & Tayor and Tailored Brands just filed for bankruptcy, adding two to the number of traditional retailers that could not make it financially this year.

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Why Avis Is Not The Next Hertz

One question facing many investors during the COVID-19 pandemic: Will Avis (NASDAQ: CAR) follow rival Hertz (NYSE: HTZ) into bankruptcy? After all, it's easy to imagine that Avis's business would also be struggling mightily with transportation and...
Related topics: Nasdaq, US Equity Markets

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Coronavirus Hell: Pandemic-hit Cities Face Bankruptcy

Mark Davidson and Kevin Ward economy, Americas With many budgets in tatters, the prospect of growing numbers of city bankruptcies looms.   U.S. cities are fast running out of cash. The pandemic will reduce local government revenues by an...

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Tailored Brands, Owner Of Men's Wearhouse, Files For Chapter 11 Bankruptcy Amid Economic Fallout...

The Houston, Texas-based retailer was already struggling with competition from fast-fashion brands and a shift to online shopping before the pandemic.

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Lord & Taylor Among Latest Us Chains Declaring Bankruptcy

U.S. department store chain Lord & Taylor filed for Chapter 11 bankruptcy Sunday, joining a list of major brands in the country that have sought to reorganize their operations as the coronavirus pandemic heavily affects retail sales. Lord &...

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The Media’s Political Suicide

McClatchy had bought Knight Ridder for $4.4 billion to create the second largest news company. After going into Chapter 11 bankruptcy, McClatchy was won in an auction by a hedge fund, which also owns the National Enquirer, in a secret bidding which...
Related topics: Hedge Funds

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A $11.6 Billion Problem: As Covid-19 Drains Budgets, U.s. Cities Could Face Bankruptcy

The pandemic has hit budgets so hard that even cities in relatively good financial health face an uncertain future. U.S. cities are fast running out of cash.Read Full Story

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The Numbers Are In: This 5.2%-yielding Energy Stock Is On Rock-solid Ground

The second quarter of 2020 was the most challenging period in the energy market's history. Demand collapsed because of COVID-19, taking crude oil prices with it. That ravished the finances of most energy companies, forcing several to file for...

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California Pizza Kitchen Files For Bankruptcy

California Pizza Kitchen on Thursday filed for bankruptcy, with the restaurant chain saying it plans on closing some of its roughly 200 locations. Founded in 1985, the company started looking for buyers last fall, and the search is still on. Now,...

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California Pizza Kitchen Declares Bankruptcy

California Pizza Kitchen Declares Bankruptcy Tyler Durden Thu, 07/30/2020 - 15:20 By Jonathan Maze of Restaurant Business, California Pizza Kitchen (CPK), facing months of unpaid leases and with a dwindling amount of cash,...

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