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Rebranded MCI, it emerged from bankruptcy in 2004 and the assets were bought by Verizon. Parmalat: Italy: 24 Dec 2003: Food: The company's finance directors concealed large debts. MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went ...
As inflation continued to rear its ugly head, consumers slashed their discretionary spending, tilting some companies to file for bankruptcy. Other brands fell victim to changing trends or even ...
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] RadioShack [2] Red Lobster [4] RJR Nabisco [7 ...
7. Enron Corp. Total assets at the time of bankruptcy (in billions of dollars): 65.5. Date of bankruptcy: December 2, 2001. One of the biggest accounting scandals in history saw the demise of two ...
KidKraft, a toy company, filed for Chapter 11 bankruptcy and said it would sell its U.S. and Canadian assets to Backyard Products. It has been in business for more than 50 years.
Sport Chalet – went bankrupt and closed in 2016; Sportswest – owned by Pay 'n Save and spun off in 1984; acquired by Big 5 Sporting Goods in 1988; Sunny's Surplus – went bankrupt in 2000 but emerged in 2001; filed for bankruptcy again in 2007 and closed most locations; three reopened in late 2007 but shut down again in 2008
Cape Fear Bank: Chapter 11 bankruptcy and liquidation financial company [58] April 10, 2009: New Frontier Bank: Chapter 11 bankruptcy and liquidation Bank [59] April 17, 2009: American Sterling Bank: Metcalf Bank: Bank [60] April 24, 2009: American Southern Bank: Georgia Department of Banking and Finance: Bank $ 216,600,000 [61] May 8, 2009 ...
Another home goods store that went bust in 2023 was Tuesday Morning, which filed for Chapter 11 bankruptcy in February because of its “exceedingly burdensome debt.” It was its second ...