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The discount retailer, with more than 1,300 locations, filed for bankruptcy protection in September. With sales in decline and rising debt that reached $3.1 billion, the store initially announced ...
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.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
Going into 2024, Rite Aid announced that it would close an additional 77 locations. [251] 53 more stores were added to the closing list in April 2024. [252] Additional closures continued, nearly fully eradicating the pharmacy's presence in Michigan and Ohio. [253] In September 2024, Rite Aid emerged from bankruptcy as a privately-owned company ...
Pages in category "Companies that filed for Chapter 7 bankruptcy in 2024" The following 17 pages are in this category, out of 17 total. This list may not reflect recent changes .
Pages in category "Companies that have filed for Chapter 7 bankruptcy" The following 167 pages are in this category, out of 167 total. This list may not reflect recent changes .
Chapter 11 bankruptcy is often referred to as "reorganization bankruptcy" and typically allows a business to stay open while it reorganizes funds to pay off existing debt over time.
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