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On January 14, 2009, Gottschalks filed for Chapter 11 bankruptcy. [1] In March 2009, Gottschalks announced it lined up a group of bidders that would liquidate the chain if no other bidder was found by March 30. [9] On March 31, Gottschalks announced it would liquidate its remaining stores. [3] [10] The chain's final stores closed July 12, 2009.
During Lamonts third bankruptcy in 2000, Troutman's offered a bid on the company but was outbid by Gottschalks. The company proposed to change some stores to Troutman's Emporium and sell others to The Bon Marché, an upscale department store chain based in Seattle. Lamonts would eventually be acquired by Gottschalks out of bankruptcy court ...
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 ...
First there was Harrisburg, Pennsylvania. Then, Jefferson County, Alabama. Now, hold onto your hats folks -- we could be just days away from seeing the biggest municipal bankruptcy in U.S. history ...
Gottschalks, bankrupt March 31, 2009, which closed all of the stores. [61] A few former Gottschalks stores were replaced as Macy's and Forever 21 in the Pacific region. There were plans to reopen stores in Auburn, Clovis and Oakhurst in spring 2011, [62] [63] but the deal ultimately fell through. [64]
The Teamsters and the Treasury. Yellow’s bankruptcy in July punched a $5 billion hole in the U.S. economy that won’t be easy to fill. Yellow, financially beleaguered for years, finally threw ...
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The Harris Company was a retail corporation, based in San Bernardino, California, that operated a chain of department stores named Harris', all in Southern California.Philip, Arthur, and Herman Harris – nephews of founder Leopold Harris of what was once the large Los Angeles–based chain Harris & Frank – started the company with a small dry goods store in 1905, and the company eventually ...