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There is a 16 percent rise in commercial bankruptcy filings from September 2022 to September 2023, according to the American Bankruptcy Institute, and a 29 percent rise in Chapter 11 bankruptcies.
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 ...
Soon, the community land trust intends to start a public campaign to enlist Maui real estate agents to help preserve future Lahaina housing stock for local households through the nonprofit in lieu ...
Liberty House went into bankruptcy in 1998 (it was later acquired by Federated Department Stores and now carries the Macy's brand name). The Pioneer Mill in Lahaina closed in 1999, and the Kekaha Sugar Mill and Lihue Plantation closed in 2000. [9] [8] West Maui Land acquired the former Pioneer Mill fields above Launiupoko Beach Park. [10]
In 2002, Amfac declared Chapter 11 bankruptcy and emerged as Kaanapali Land, LLC. It owns 5,000 acres (20 km²) in West Maui. Its department store, Liberty House, was sold to Federated Department Stores and is now part of the Macy's chain. Alexander & Baldwin diversified and remains in business. Today it owns about 91,000 acres (370 km²) of ...
When the Territory of Hawaii was formed in 1900, jurisdiction was placed in the Ninth Circuit. On March 18, 1959, when the District of Hawaii was formed, the district had two judgeships for the court. On July 10, 1984, a third judgeship was added, and a fourth was added on December 1, 1990. [5]
NEW YORK (Reuters) -A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company ...
In a declaration filed with the court, Tolley said the company’s retained real-estate advisor is actively negotiating with over 400 landlords to amend leases on office buildings.