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Chain Apocalypse. This year was a bloodbath for retail and dining businesses. In the first nine months of 2024, business bankruptcy filings skyrocketed 33.5%, jumping from 17,051 to 22,762.
The following private equity firm or hedge fund owned companies have filed for bankruptcy protection: A&P (grocery chain) [1] Brookstone [2] Envision Healthcare [3] Friendly's [1] GenesisCare [3] Instant Brands (maker of Instant Pot and Pyrex) [4] Kmart [5] Party City [6] Payless Shoe Source [2] Prospect Medical Holdings [7] RadioShack [2] Red ...
Airlines, like any business, are susceptible to market fluctuations and economic difficulties. The economic structure of the airline industry may contribute to airline bankruptcies as well. One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees.
Over a 12-month period ending on September 30, 2023, 17,051 business bankruptcy cases were started. (U.S. Courts) In the 12-month period ending on September 30, 2023, 9,435 Chapter 7 bankruptcy ...
TGI Fridays Inc. — the owner and operator of 39 domestic restaurants — filed for Chapter 11 bankruptcy on Nov. 2 as a strategic move to address financial burdens caused by pandemic-driven ...
On July 13, 2015, DonJon filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut with a debt of $32,509,549.91. Modern bankruptcy law often distinguishes reorganization , in which only some of the bankrupt's assets are taken, a repayment plan is devised and part of the debt is discharged , from ...
Party City, which operated about 750 stores, had filed for Chapter 11 bankruptcy in January 2023 and emerged from the process in October 2023 with $1 billion less in debt. It also named a new CEO ...
Pages in category "Companies that filed for Chapter 11 bankruptcy in 2023" The following 177 pages are in this category, out of 177 total. This list may not reflect recent changes .