Keyword: bankruptcy
-
Brown claims his assets are worth just $50,000 or less, according to court documents Former NFL star wide receiver Antonio Brown has filed for bankruptcy. According to the Times Union, Brown owes nearly $3 million to eight different creditors as stated by paperwork filed on May 15 in the U.S. Bankruptcy Court of the Southern District of Florida. He reportedly filed for Chapter 11 bankruptcy, which involves the court-supervised reorganization of a debtor's assets and liabilities. That amount includes a $1.2 million court judgment to Anton Tumanov -- a moving-truck driver who sued Brown for assault and battery during an...
-
Red Lobster has filed for bankruptcy just days after closing dozens of its restaurants.In its bankruptcy petition filed on Sunday, May 19, the company listed assets of $1 billion and liabilities of $10 billion. The filing stated that the company "intends to use the proceedings to drive operational improvements, simplify the business through a reduction in locations, and pursue a sale of substantially all of its assets as a going concern." The company said restaurants not listed as "temporarily closed" on its website will remain "open and operating as usual during the Chapter 11 process." Founded in 1968, Red Lobster...
-
Red Lobster has filed for Chapter 11 bankruptcy protection days after shuttering nearly 100 restaurants across America. The seafood chain, which has closed restaurants in 27 states, has been struggling with rising lease and labor costs in recent years and also promotions like its iconic all-you-can-eat shrimp deal that backfired. Demand for one such recent promotion overwhelmed restaurants, reportedly contributing to hundreds of millions in losses.
-
Restaurant chain Red Lobster could file for bankruptcy protection as early as next week, The Wall Street Journal reported on Tuesday. People familiar with the matter told the Journal that the company, overwhelmed with hundreds of millions in debt, plans to file a Chapter 11 bankruptcy petition in Orlando before Memorial Day. Bloomberg previously reported in April that the restaurant company was considering filing for Chapter 11 bankruptcy protection.
-
As of today, select Red Lobster locations are CLOSED. On our Restaurant Equipment marketplace, we are auctioning off 50+ locations across the country. These auctions are WINNER TAKES ALL – meaning, each winner will receive the ENTIRE contents of the Red Lobster location they bid on. Auctions are live and will end periodically on Thursday, May 16, 2024. LIST AT LINK....................
-
Timothy Bundren must have heard wrong. The sun wasn’t up yet. He was still groggy from starting his morning routine of walking through chicken barns. His phone rang and his contact with the global meat company headquartered in Springdale, Arkansas, just two hours south of his farm, started telling him he would no longer be raising chickens. Bundren, 52, didn’t believe him at first. Just hours later, he was supposed to meet with the bank about another loan to buy the farm down the road. Bundren waited an hour and then called the man back. The news didn’t change, but...
-
This week in an interview with CNN's Erin Burnett, President Biden dismissed the 30% rise in food prices since he took office, saying "people can afford it. Thanks to Bidenomics, they have the money to spend. I've personally canceled billions of dollars in student debt. We're putting newly arrived immigrants up in hotels and feeding them. We're subsidizing electric vehicles so drivers don't have to pay high gas prices. Most of us have credit cards, savings, or EBTs. Many of our cities have effectively legalized shoplifting items of less than a thousand dollars. There's no crisis. The Republicans are gas-lighting...
-
New details about Jim Biden’s foreign fundraising efforts are spilling out in a Kentucky bankruptcy court, where recent testimony indicates that President Joe Biden’s brother partnered with Qatari government officials in his quest to find money for U.S. health care ventures. The sworn testimony by fund manager Michael Lewitt, a former business partner of Jim Biden’s, attests that two companies that facilitated the efforts were part-owned by “members of the Qatari government.” One company named in the testimony partnered directly with Jim Biden in the multi-year fundraising efforts. The second company provided financial backing for a series of loans that...
-
April 24, 2024 A message from our Founder: TGP Communications, the parent company of The Gateway Pundit, recently made the decision to seek protection under Chapter 11 of the United States Bankruptcy Code in the Southern District of Florida as a result of the progressive liberal lawfare attacks against our media outlet. This is not an admission of fault or culpability. This is a common tool for reorganization and to consolidate litigation when attacks are coming from all sides. It allows TGP to consolidate this lawfare in one court for ultimate resolution. Despite the radical left’s efforts to silence The...
-
Fashion retailer Express filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday. The retailer whose portfolio includes brands such as Express, Bonobos and UpWest Express, listed assets and liabilities in the range of $1 billion to $10 billion, according to a filing with the bankruptcy court in Delaware. ... As part of the bankruptcy process, the company will close approximately 95 Express retail stores and all of its UpWest stores, starting Tuesday, it said, without specifying the locations.
-
Red Lobster is reportedly considering filing for bankruptcy to relieve financial pressures that have weighed on the company. According to a report by Bloomberg citing people familiar with the discussions, Red Lobster is weighing a Chapter 11 bankruptcy filing to renegotiate burdensome leases and address other long-term contracts as well as rising labor costs. The outlet reported that the seafood restaurant chain is being advised by law firm King & Spalding on the subject, and that while discussions about restructuring are ongoing and that no final decisions have been made about a bankruptcy filing. By filing for Chapter 11 bankruptcy,...
-
Yet another leftist media outlet may be on the brink of collapse. The Intercept, which was founded by left-libertarian journalist Glenn Greenwald back in 2014, is said to be in serious financial difficulty amid an escalating power struggle between warring factions. Semafor reports:The Intercept, the left-wing U.S. newsroom that’s been a thorn in Joe Biden’s side and a hub for pro-Palestinian coverage, is nearly out of money and facing its own bitter civil war, with multiple feuding factions battling for power and two star journalists trying to take control.At the heart of the crisis is a nonprofit whose founding donor,...
-
A Roman Catholic diocese based in California has announced that it is filing for bankruptcy due to the expenses related to numerous lawsuits centered on priest abuse. The Diocese of Sacramento released a statement on Monday confirming that Bishop Jaime Soto had “filed for reorganization of the Diocese of Sacramento’s debts in U.S. Bankruptcy Court.” The filing comes as the diocese faced over 250 lawsuits related to sex abuse of minors by clergy and lay employees, stemming from incidents that go as far back as the 1950s. “This wave of new claims followed a 2019 law allowing victim-survivors to file...
-
LOS ANGELES - Many Southern California customers are frustrated and confused to learn that they might not be receiving their expensive appliance orders, purchased through the luxury appliance store Pirch, when all locations suddenly closed this week. "Are we getting our merchandise? Are we getting a refund?" asked one customer, Maribell Rodriguez. Rodriguez told FOX 11 that she has yet to receive any answers from Pirch regarding her order since the company's abrupt closure Wednesday. She is in the middle of a home renovation and just took out a $20,000 loan to pay for the appliances. "I really feel that...
-
The startup electric car company Fisker said this week that it is halting the production of its vehicles to raise $150 million in emergency funds as it grapples with a cash crunch spurred by a low demand for electric vehicles. The California-based company, which says its mission is to “create the world’s most emotional and sustainable electric vehicles,” has barely produced over a thousand electric vehicles worldwide for the year. “The company has approximately 4,700 vehicles in its currently inventory, carried over from 2023 and including 2024 production,” the company said. “While it has not completed an NRV analysis for...
-
(WJET/WFXP) — Crafts retailer JOANN filed for Chapter 11 bankruptcy early Monday morning. The company, with over 800 stores nationwide, is best known for selling craft supplies, home decor and sewing supplies. The filing allows JOANN to continue to operate while it repays its debts, meaning no stores or online shopping is expected to be affected by the filing, according to a press release. Additionally, any obligations to employees, vendors, landlords and other trade creditors will be paid or otherwise satisfied in full. According to court documents, JOANN cited increasing interest rates and decreasing sales after a spike in sales...
-
Electric vehicle start-up Fisker is exploring bankruptcy, The Wall Street Journal reported this week. Fisker’s stock plunged this week as investors worry about the company’s ability to survive amid a cash crunch. The auto company also said it would slash 15% of its workforce. The Wall Street Journal reported: Electric-vehicle startup Fisker FSR -55.88%decrease; red down pointing triangle has hired restructuring advisers to assist with a possible bankruptcy filing, according to people familiar with the matter. Fisker, which recently warned that it risked running out of cash this year, hired financial adviser FTI Consulting and the law firm Davis Polk...
-
America won’t go bankrupt - well, it won’t officially go bankrupt. The numbers look bad, and fiscal conservatives are hyperventilating, but the debt is in our own currency and is just a claim on future tax revenues. The Fed, the Treasury and everyone at the top of the monetary system can agree on a painful inflate the debt away process. America is technically in it right now. Inflation that feels like +10% is not happening by accident, and is helping all debtors right now. Buying a home right now is tough for new buyers, but everyone who purchased from 2009...
-
History demonstrates that attempts to “cure” a problem by exceeding the federal government’s constitutional powers generally lead to more and worse problems... “A rage ... for an abolition of debts ... or for any other improper or wicked project ....” — James Madison, Federalist No. 10.. The courts, in the exercise of what is called “equity jurisdiction,” have long excused borrowers from obligations incurred through fraud, duress, and other forms of creditor unfairness.. In addition, federal bankruptcy laws (authorized in the Constitution by Article I, Section 8, Clause 4) offer a path to safety for debtors who get in over...
-
Jim Biden used Joe Biden's name in his efforts to back Americore.. least three .. relatives were employed by the medical company .. Americore, a healthcare company that has been accused in $100million Medicare fraud case, revealed that Jim used his brother's clout as vice president to advance the company. Jim worked as a consultant for Americore in 2017 after his brother served eight years as vice president. Former executives from Americore .. that Jim had also planned for Joe to serve on the board and suggested his brother could promote the company during a future presidential run ... Jim...
|
|
|