Faraday Future founder files for Chapter 11 Bankruptcy; owes China $3.6 Billion

The founder and former CEO of Faraday Future, Jia Yueting, filed for Chapter 11 bankruptcy in a Delaware court in an attempt to tackle his long list of debts in his home country: China. The mega-wealthy businessman owes over $3…


Forever 21 Owes Over $20 Million to Mall Owners

Forever 21 may or may not be so “forever.” The teenage mall staple just filed for Chapter 11 bankruptcy and is beginning the tedious process of restructuring after a fateful past few years. Experienced Las Vegas bankruptcy lawyers say they…


Major Retailers Heading for Bankruptcy A Growing Trend

Earlier this month, Fred’s announced its decision to file for Chapter 11 bankruptcy and the shutting down of all its retail stores. The trend continues in an increasingly digital retail world: retailer after retailer can’t adapt to the growing world…


Iconic High-End Retailer Barneys Files for Chapter 11 Bankruptcy

Barneys New York, founded nearly a century ago, is fighting to keep open its 10-story flagship Madison Avenue store, after securing $75 million in financing to pay employees and vendors, all the while seeking a buyer. Their filing for Chapter…


Las Vegas Monorail Secures New Loans

The Las Vegas Monorail project has not had an easy past. Over seven years ago, The Las Vegas Monorail Co. filed for Chapter 11 bankruptcy, wiping out 98 percent of bondholder’s money. However, as of this month, the LV Monorail…


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…