Brooks Brothers’ Previous Owner Sued Over Bankruptcy

Reuters reports that the previous billionaire owners of Brooks Brothers are being sued for driving Brooks Brothers into the ground rather than selling it in order to avoid paying millions of dollars to one of their investors. The investor, Tal Apparel, claims Claudio Del Vecchio and his son Mateo pressured Tal Apparel to invest [...]

By |2021-06-21T11:39:13-05:00June 22nd, 2021|Bankruptcy, Bankruptcy Fraud, Chapter 11 Bankruptcy, High-Profile Bankruptcies, News|Comments Off on Brooks Brothers’ Previous Owner Sued Over Bankruptcy

Alamo Drafthouse Back After Successful Chapter 11 Bankruptcy

The Hollywood Reporter reports that just months after having to close two beloved locations, the Alamo Drafthouse has emerged from Chapter 11 bankruptcy and will be opening 5 new theaters within the next two years! Back in March 2021, the Alamo Drafthouse had to file for bankruptcy. Just three months later, the chain now [...]

By |2021-07-12T11:50:47-05:00June 21st, 2021|After Bankruptcy, Chapter 11 Bankruptcy, Economy, High-Profile Bankruptcies|Comments Off on Alamo Drafthouse Back After Successful Chapter 11 Bankruptcy

How 7-Eleven Became Better Than Ever After Filing For Bankruptcy

CNBC reports on the growing success of the first convenience store, 7-Eleven. The 90-year-old convenience store launched its first Evolution store, a bigger and better version of the everyday convenience store. The Evolution store features a growler station with craft beer and a taco restaurant, along with the normal everyday items that convenience stores [...]

By |2021-06-03T09:49:01-05:00June 16th, 2021|After Bankruptcy, Chapter 11 Bankruptcy, High-Profile Bankruptcies|Comments Off on How 7-Eleven Became Better Than Ever After Filing For Bankruptcy

The 20 Biggest Companies That Filed for Bankruptcy Amid The COVID-19 Pandemic

Businesses have been hit hard on account of the COVID-19 pandemic. While many people have had protection & help through stimulus checks, eviction moratoriums, and extended employment benefits, businesses- both large and small- have not had as much help. Many businesses and corporations have filed for Chapter 11 bankruptcy amid the COVID-19 pandemic. Although [...]

By |2021-05-10T13:26:46-05:00May 24th, 2021|Chapter 11 Bankruptcy, News|Comments Off on The 20 Biggest Companies That Filed for Bankruptcy Amid The COVID-19 Pandemic

Alamo Drafthouse Files for Bankruptcy, Two Texas Theaters Will Close

KXAN Austin reports the the popular Austin, TX based theater chain is closing two locations in the State of Texas in response to their recent Chapter 11 Bankruptcy filing. The two locations are in Austin, TX and San Antonio, TX. From the article: Alamo Drafthouse has 41 theaters in 10 states, including six theaters [...]

By |2021-04-15T10:17:41-05:00April 15th, 2021|Bankruptcy, Chapter 11 Bankruptcy, Economy, Unemployment - Job Loss|Comments Off on Alamo Drafthouse Files for Bankruptcy, Two Texas Theaters Will Close

Understanding Your Plan of Reorganization for a Chapter 11 Bankruptcy

Chapter 11 bankruptcy, also known as "reorganization bankruptcy," is a bankruptcy plan that allows corporations, partnerships and individuals to reorganize their finances and restructure their debt. Unlike Chapter 13 bankruptcy cases, Chapter 11 bankruptcy has no debt ceiling. This plan is popular with both large and small businesses that need to restructure their debt. The [...]

By |2018-11-19T20:25:39-06:00August 7th, 2017|Bankruptcy, Chapter 11 Bankruptcy|Comments Off on Understanding Your Plan of Reorganization for a Chapter 11 Bankruptcy

Deciding to File a Personal Bankruptcy as a Business Owner

With the economy still struggling to bounce back, many people have decided to start their own business when they were unable to gain employment. Having an entrepreneurial attitude during an economic downturn can be beneficial with proper planning. Yet, even self-employed individuals and those with a business run into financial problems and wonder if bankruptcy [...]

By |2019-01-23T08:50:23-06:00January 31st, 2014|Chapter 11 Bankruptcy|Comments Off on Deciding to File a Personal Bankruptcy as a Business Owner

Chapter 11 Bankruptcy Repayment Plan Must Meet Trustee Standards – Dallas Law Firm

In the Chapter 11 bankruptcy case, In re Charles R. Livecchi, Sr., the pro se debtor was forced into a Chapter 7 bankruptcy after he failed to present a realistic and repayment plan. On April 8, 2009, Appellant filed a voluntary Chapter 11 bankruptcy petition. On January 21, 2010, the United States Trustee filed a [...]

By |2018-12-13T09:05:11-06:00November 25th, 2010|Bankruptcy, Chapter 11 Bankruptcy, Managing Your Finances|Comments Off on Chapter 11 Bankruptcy Repayment Plan Must Meet Trustee Standards – Dallas Law Firm

Texas Rangers Chapter 11 Bankruptcy Filing Reveals Lavish Spending And Bidding War

According to Texas Rangers' Chapter 11 bankruptcy filing, the MLB baseball team spent lavishly on its employees before the team was forced into bankruptcy when Tom Hicks' Hicks Sports Group defaulted on $524 million in loans. Each of the Texas Rangers' 320 full-time employees gets 120 game ticket vouchers a season. Twenty-two thousand Lexus vehicles [...]

By |2018-11-08T17:29:12-06:00June 19th, 2010|Bankruptcy, Chapter 11 Bankruptcy|Comments Off on Texas Rangers Chapter 11 Bankruptcy Filing Reveals Lavish Spending And Bidding War

The Absolute Priority Rule And Individual Chapter 11 Bankruptcy Debtors

Before 2005 Bankruptcy reform, individuals filing Chapter 11 bankruptcy were subject to a rule known as the Absolute Priority Rule which stated that all debtors filing Chapter 11 bankruptcy have to repay all of their debts in full. Specifically, if the shareholders are going to retain any interest in the reorganized company, then they must [...]

By |2018-11-12T22:55:58-06:00June 18th, 2010|Bankruptcy, Chapter 11 Bankruptcy|Comments Off on The Absolute Priority Rule And Individual Chapter 11 Bankruptcy Debtors
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