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…


Sears CEO has a Plan to Save the Company from Bankruptcy

The CEO of Sears Holdings Corporation – best known to the public as Sears – has a plan to save his retail chain from bankruptcy. The controversial plan will require the help of highly skilled bankruptcy attorneys to ensure it…


Will the (Un)Lucky Dragon Hotel-Casino End up in Bankruptcy Court?

According to the Lucky Dragon developers, the Lucky Dragon is worth $143 million. However, the lender begs to differ, reporting that the un-successful hotel-casino is worth less than half of that and isn’t earning nearly enough revenue to cover its…


Caesar’s CEO Gets Millions Post Bankruptcy

Caesar’s recently awarded its Chief Executive Officer, Mark Frissora, $29.4 million in compensation for 2017, which is the year the hotel-casino emerged from Chapter 11 Bankruptcy. Post Bankruptcy Earning The $29.4 million breaks down, roughly, as follows: $2 million for…