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The early 1980s saw a recession along with high interest rates, which stressed both thrift and other banking institutions considerably. [7] Negative net interest margins, due to the low interest earned on assets with high deposit interest expenses needed to retain deposits, caused a wave of thrift failures between 1981 and 1983. [1]
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
The Bankruptcy Judges, United States Trustees, and Family Farmer Bankruptcy Act of 1986 made substantive changes relating to family farmers and established a permanent United States trustee system. The 1986 Act applies to cases filed since November 26, 1986. The Bankruptcy Reform Act of 1994 is effective as to cases filed on or after October 22 ...
It expanded quickly, though, increasing to $761 million insured in 1980. [7] It continued to grow through the 1980s, enabled by loosened state and federal laws. [7] Between the mid-1970s and early-1990s, several state-chartered, privately operated insurance entities failed, beginning with Mississippi in 1976, then Nebraska and California in ...
That year A&P filed for Chapter 11 bankruptcy, and all stores closed. ... that was one of the stores that was closed in april or may of 2017. picture is from the late 1980s or early 90s.
US budget carrier Spirit Airlines has filed for bankruptcy protection after a long run of financial losses and a series of failed merger attempts. ... which pivoted to aviation in the early 1980s ...
For many, the cost of life-saving care is too high, and medical debt is the No. 1 cause of bankruptcy in America. That is to say nothing of the emotional labor of navigating the complex system.
Levee's , closed in the early 1980s [93] Liberty House (became Macy's) H. Liebes (San Francisco), liquidated when its parent company, Beck Industries, filed for bankruptcy in 1970 [94] [95] I. Magnin (San Francisco), converted to Macy's; Joseph Magnin Co., closed 1984; Marston's San Diego, 3 branches, purchased by The Broadway in the 1960s