Chapter 11

Sizzlers USA Bankruptcy will only effect 14 Company Owned Locations

Sizzler USA, among the nation's very first casual dining establishment chains, has actually declared bankruptcy. The 62-year-old company said it filed for Chapter 11 because of the pandemic, which forced it to temporarily close its restaurants' dining-room. Sizzler U.S.A. likewise...

Overwhelmed Century 21 files from bankruptcy, all stores are closing

The department store chain Century 21 has actually applied for Chapter 11 and is closing all of its staying 13 stores, it announced Thursday, signing up with the dozens of other sellers that have been pushed to the verge...

Chuck E. Cheese Reopens 316 locations, Secures Financial Plan for Debtor

CEC Entertainment, Inc. , a nationally recognized leader in family entertainment and dining, today revealed that it has actually participated in a plan support agreement (" PSA") with consenting lenders holding greater than 66-2/3% in primary amount of impressive...

Overburden Neiman Marcus expects to come out of Bankruptcy before October

Neiman Marcus Group stated on Friday it expected to emerge from Chapter 11 bankruptcy by the end of this month under a restructuring plan that is most likely to eliminate more than $4 billion of its financial obligation. The high-end...

Kings Super Market finds a new buyer after filing chapter 11

The company that owns Kings Food Markets, a North Jersey-based chain of grocery stores, applied for Chapter 11 on Aug. 23 as it accepted a bid to be acquired by an equity capital company, authorities said. The company, TLI Bedrock,...

Here are the 24 Lord & Taylor Stores closing due to Chapter 11 Bankruptcy

Department store chain Lord & Taylor is closing 24 stores for good as it continues to search for a buyer to restructure under Chapter 11 bankruptcy and keep its company alive. Deals will depend on 40% off, the company said...

Payless making a return from Bankruptcy, set to open 500 stores in 5 years

Payless, the popular footwear retailer known for more budget-friendly price tags on their choice of shoes, announced its relaunch on Wednesday. The brand name unveiled a new e-commerce website to supplement its resuming of traditional shops, so customers can go...

Overburden Stein Mart gives in to the pressure, files chapter 11 with plans to close all stores

Retail chain Stein Mart announced Wednesday it has actually filed for Chapter 11 bankruptcy and plans to completely close all of it's locations, adding to the chaos in a retail market that has actually been hammered by the pandemic. The...

Men’s Warehouse Parent Company gives in to mounting pressure, files chapter 11 bankruptcy

Men's Wearhouse owner Tailored Brands filed for bankruptcy on Sunday, adding to a list of brick-and-mortar sellers that have succumbed to the economic fallout from the stay at home orders. The retailer filed for Chapter 11 bankruptcy in the U.S....

Commercial Rents are dropping rapidly as Retail Stores are deserted lacking customers

High-end handbag maker Valentino is suing to get out of its lease on Fifth Avenue in Manhattan, a vacated Barneys Manhattan still sits empty on Madison Avenue simply a block over, while bankrupted luxury outlet store chain Neiman Marcus...
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Jose Cerpa Guzman charged with attempted murder at San Pedro Police Station

A 29-year-old Los Angeles man has actually been charged with trying to end the life of two Los Angeles...
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Sodsai Dalzell hit with felony charges in Joe Montana grandkid incident

Felony charges were filed Tuesday against a woman who apparently attempted to kidnap NFL legend Joe Montana's 9-month-old granddaughter from a Malibu home. Sodsai Predpring...

Disney is laying off 28,000 employees from it’s struggling Theme Parks

Walt Disney Co will lay off approximately 28,000 U.S. employees in its theme parks division, the company said on Tuesday, as its resorts dealt...

Fmr Trump Mgr Brad Parscale may lose his guns after latest arrest

Fort Lauderdale authorities are seeking to take Trump campaign advisor Brad Parscale's weapons after his arrest Sunday, according to a report. Pascale,  had 10 weapons...

The Motive in fatal Erebus Haunted House shooting was over cutting in line

A Michigan man was fatally shot and his attacker is on the loose after the pair is believed to have had an argument while...