Senator Proposes for Students Loans to be Discharged in Bankruptcy

It’s a debate that may not seem one-sided to someone swimming in $100K of student loans with no end in sight. Nevertheless, there are at least two sides to the argument. Is allowing former students the ability to discharge their…


10 Years Since the Fontainebleau Went Bankrupt

The state of the U.S. economy in 2009 was not happy news for many individuals or companies, and the Las Vegas hotel/casino Fontainebleau was not immune to the looming financial woes. In the spring of 2009, the developers of the…


Cannabis Company CWNevada Faces 6 Lawsuits and Files for Bankruptcy

It seemed to outsiders that the marijuana industry in Las Vegas would be nothing but a BOOM – with the lucky dispensary license holders sure to make millions off locals and tourists alike, looking for a welcomed ‘high.’ However, despite…


Payless ShoeSource Files for Bankruptcy Again

Less than two years after Payless emerged from its 2017 bankruptcy, the 63-year-old shoe retailer is filing for Chapter 11 bankruptcy again. The going-out-of-business liquidation sales began at over 2,500 stores in the US and Canada. Sixteen thousand employees will…


Colleen’s Consignment Files for Bankruptcy Leaving Customers Enraged

Customers who placed furniture for sale in Colleen’s Consignment Stores are disgruntled at the fact that the stores have declared bankruptcy – leaving their belongings in limbo, yet to be rightfully returned. Las Vegas bankruptcy lawyers agree that this situation…


Sears Given a New Lease on Life after Bankruptcy Judge Approves Plan

Sears was lucky to receive the green light on a $5.2 billion plan, proposed by Sears chairman and biggest shareholder, Eddie Lampert. This restructuring plan is meant to give Sears a second chance on life and hopefully keep the historical,…


PG&E Files Chapter 11 Bankruptcy; CEO Resigns after Fires

The San-Francisco-based company PG&E is set to reorganize under a Chapter 11 Bankruptcy filing, due to the potential liabilities of over $30 billion caused by the wildfires. The sheer magnitude of this filing means the company will have to work…


USA Gymnastics Files for Chapter 11 Bankruptcy Following Sex Scandal

Over 265 young women have come forward with sexual misconduct allegations against Larry Nassar, former USA Gymnastics national team osteopathic physician. Hundreds of lawsuits have been filed by these women, claiming Nassar sexually abused them while under the pretense of…


David’s Bridal Considers Bankruptcy

The nation’s leading wedding retailer is considering a marriage of its own – a marriage to bankruptcy. Online Shopping Continues to Hurt Retailers Like many other retailers who struggled to innovate in the digital age, David’s Bridal has seen its…


Mattress Firm & Other Retailers Filing Bankruptcy in 2018

Over a dozen major retailers have filed for bankruptcy so far in 2018, closing down the majority of their stores, if not all of them. These retailers include clothing chains, department stores, and shoe stores that will likely be household…