bankruptcy news

The embattled consumer electronics company is asking for a court approval to shutter 14 of its stores in Long Island in April, based on documents filed. RadioShack, founded in Texas in 1921, filed a Chapter 11 bankruptcy petition again after emerging from its first bankruptcy in 2015. The company is hoping that by March 28 […]

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An ex-top doctor whose list of patients included actress Suzanne Summers and New York Gov. George Pataki has declared bankruptcy, blaming his ex-wife for his financial problems. According to Dr. Eric Braverman, who specializes in anti-aging treatments, he was successful for many years. He founded the Park Avenue Path Medical Center, his court filing showed. […]

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Gander Mountain, one of the top outdoor retailers in the United States, filed for Chapter 11 bankruptcy protection on March 11, 2017. The retailer, which is based in Saint Paul, Minnesota, earlier addressed bankruptcy rumors by saying that it is making a move to preserve the company’s value. Gander pinned its economic woes to shifts […]

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Sungevity has found a buyer for its leftover assets. Private equity firm Northern Pacific Group wants to buy the solar electricity business. Sungevity filed for Chapter 11 bankruptcy in March and accepted an “asset purchase agreement” headed by Northern Pacific Group. That deal guarantees a maximum $20 million to finance daily operations. An alternate way […]

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Gordmans Stores Inc., a hundred-year-old chain of department stores, filed for Chapter 11 bankruptcy with plans to sell its products on hand and assets. The business, which listed deficits in 5 out of 6 quarters, stated $131 million debt in it bankruptcy protection filed with a federal court in Nebreska on March 13.  Gordmans revealed […]

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The two entities each subjected to a $2.65 million penalty for unlawfully dumping radioactive wastes at landfills in Ketucky landfills filed for Chapter 7 bankruptcy on March 10, 2017. The radioactive waste product was from fracking, which involves pressurized wells of gas and oil. Last November, Kentucky Cabinet for Health and Family Services (CHFS) ordered […]

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Answers Corp, the parent company of Multiply and Answers.com websites, sought for Chapter 11 bankruptcy protection on March 3 with a plan to trade company shares to creditors that it owes a total of $540 million , the court documents show. European private equity firm Apax Partners bought Answers in 2014 for an estimated $900 […]

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Gary L.  Eyler, a former businessman in Indianapolis, has filed for Chapter 7 bankruptcy amidst legal battle over his business, The College Network. Eyler filed his bankruptcy petition in a bankruptcy court in Nevada because he currently lives in Nevada, the court records stated. The filing shows that Eyler has assets ranging from $1 million […]

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Ohama-based Gordmans Stores Inc. is reportedly taking steps to file for bankruptcy, the Bloomberg reported citing sources. The century-old chain of department stores is said to be filing in March.  The company’s shares have dropped over 75% in 2016, sustaining losses for the past 18 months. The Midwestern retailer would become the most recent casualty […]

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Electronics and appliance retailer Hhgregg along with its Gregg Appliances entity sought for bankruptcy protection due to declining sales for the past four years. Hhgregg claimed debts and assets of as much as $50,000 in its Chapter 11 petition in a bankruptcy court in Indiana, and disclosed that it entered a term sheet with an […]

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