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The company was founded in 1970 as Pennsylvania Fashions Inc. [6] The company operated stores under various brand names. Cary Klein purchased the company from his father in 1989 and later developed the rue21 concept. [7] In February 2002, Pennsylvania Fashions filed for Chapter 11 bankruptcy protection. [8]
How improvement and DIY chain True Value has filed for bankruptcy, and will be sold to a competitor, and in the process, has put the fate of 110+ Pennsylvania True Value locations — including ...
It provides for the restructuring of debt of financially distressed municipalities, limits the ability of financially distressed municipalities to obtain government funding; authorizes municipalities to participate in federal debt adjustment actions and bankruptcy actions under certain circumstances; and provides for consolidation or merger of ...
Adelphia Communications Corporation was founded in 1952 by brothers John and Gus Rigas; they purchased a cable television franchise based in Coudersport, Pennsylvania for US$300. After 20 years in the business, Rigas incorporated the company under the name "Adelphia" which in the Greek language means "brothers". In the upcoming years, the Rigas ...
After filing for bankruptcy last week, Rite Aid is expected to shutter more than 150 stores across the U.S. — including dozens in Pennsylvania.. The company, which operated more than 2,000 ...
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 ...
The company has around $500 million to $1 billion in total liabilities, as stated in the bankruptcy petition. Do It Best also agreed to take on about $45 million in contracts and other obligations ...
On October 1, 2002, Agway filed for Chapter 11 bankruptcy. [3] [6] After the bankruptcy, the Agway brand name was owned by Southern States Cooperative. On July 5, 2022, Agway Farm & Home Supply also filed for Chapter 11 bankruptcy, and announced that it would begin winding down all remaining assets and would be shutting down. [7]
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