bankruptcy

Lord & Taylor, who is has been known for years for their designer clothing, shoes, handbags, and accessories for men, women, and kids, has filed for bankruptcy. Lord & Taylor has become the latest retailer to declare bankruptcy amid the coronavirus pandemic, filing for Chapter 11 bankruptcy protection on Sunday (August 2nd). The luxury department […]

Stores will remain open for now but will parents feel comfortable enough to go to parties?

J.C. Penney is the latest retailer to file for bankruptcy amid the pandemic. The Plano, Texas, retailer said Monday that it plans to close about 192 stores by February 2021, and then 50 additional stores in the year after that.   According to NBCNewYork, J.C. Penney said Monday (May 18th) that as part of its […]

The Boy Scouts of America has officially filed for bankruptcy after thousands of lawsuits due to claims of sexual abuse. According to CBSNews.com, the Chapter 11 filing in federal bankruptcy court sets into motion what could be one of the largest, most complicated bankruptcies ever seen. Tons of lawyers are seeking settlements on behalf of […]

Dairy company Borden, one of the oldest and largest milk producers in the U.S., filed for Chapter 11 bankruptcy yesterday (January 6th). According to Pulse of Radio, the company is  citing falling demand for milk, rising costs for raw milk, and debt and pension obligations. Borden, whose iconic mascot is Elsie the Cow, goes back […]

Americans aren’t drinking milk like they used to. The milk industry has been declining steadily for years now and it has caused the number one milk company in America to declare bankruptcy.   According to the Associated Press, America’s biggest milk processor, Dean Foods, filed for bankruptcy amid a steep, decades-long drop-off in U.S. milk […]

  If you’re looking to come up on some HEAVILY discounted new kicks, now might be the time to go shopping.  According to several reports, long time shoe retailer Payless Shoesource is closing all of it’s remaining 2,100 stores and online shop in the United States.  Liquidation sales are reportedly beginning on Sunday. Payless has […]

Damn, Gina!   Things aren’t looking financially good for the Martin family. Tisha Campbell-Martin and her husband Duane Martin have filed for Chapter 7 bankruptcy, The Daily Mail reports. Though the couple allegedly brings in almost $8K a month, their monthly expenses come out to $16,953 a month. While their on hand cash may be light, […]

Earlier today, E! reported Duane Martin and wife Tisha Campbell filed for bankruptcy.

Rapper Biggie said “Mo Money Mo Problems” and we are starting to believe that! 50 Cent has now join Donald Trump, Toni Braxton and more big name celebrities by filling for bankruptcy! Now let’s get this right…. 50 isn’t broke but he’s broke for rich people. 50 Cent, known legally as Curtis Jackson, filled in Connecticut […]

  Every time DMX seems like he’s getting his life together, something happens to knock him back a few steps. After being arrested earlier in the week, the former platinum-selling rapper filed for Chapter 11 bankruptcy in a New York City court July 29. According to reports from The Wall Street Journal, the man known as Earl Simmons […]

I’m angered that Kevyn Orr, Detroit’s emergency manager, would approve the city’s plans to spend $400 million to build a new hockey arena when the…