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County Seat – founded in 1973, the denim-focused mall retailer expanded in the 1980s to nearly 500 stores. It filed for bankruptcy in 1996 and shuttered stores, and another bankruptcy in 1999 put the company out of business. [55] Cygnet Shops – women's fashion store that closed in 1975
Will County is a county in the northeastern part of the state of Illinois. According to the 2020 census , it had a population of 696,355, an increase of 2.8% from 677,560 in 2010, making it Illinois's fourth-most populous county. [ 1 ]
Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
In an effort to comply with the law and address this dilemma, the Michigan State Supreme Court in March 2023 proposed a rule effectively sealing district court records once a case is bound over to ...
Bankruptcy: Over 340 Big Lots stores set to close: See full list of closures after dozens of locations added Do It Best becomes lead bidder for True Value. Under the agreement with Do It Best, the ...
(The Center Square) – Emergency Medical Service providers in Michigan’s eastern Upper Peninsula now have no way of directly recouping nearly $6 million in unpaid claims after Wellpath Holdings ...
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 ...
Details from the Detroit bankruptcy filing. The city of Detroit, Michigan, filed for Chapter 9 bankruptcy on July 18, 2013. It is the largest municipal bankruptcy filing in U.S. history by debt, estimated at $18–20 billion, exceeding Jefferson County, Alabama's $4-billion filing in 2011. [1]
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