More Hard Times Ahead for Greece
Things aren’t quite looking up for Greece. Ever since the debt crisis of 2009, things have steadily gotten worse. Regular citizens with jobs and homes, who never had a problem finding employment, are now finding themselves sleeping in boxes and under bridges with no sign of hope in the future. Tens of thousands of jobs […]
Sbarro’s Bankruptcy
Sbarro Inc., the iconic Italian mall pizzeria, expects to emerge from bankruptcy protection on November 28, just five short months after filing for Chapter 11. Sbarro Inc. is a Melville, New York based, private-equity-owned pizzeria that was founded in 1956. Originally the restaurant was an Italian grocery store in Brooklyn, which was opened by the […]
Dippin’ Dots files Chapter 11 Bankruptcy
With the economy in crisis, it seems that companies continue to struggle financially. We’ve seen a string of bankruptcies for companies both large and small. With the economy continuing to suffer, we’ve unfortunately dug ourselves into a vicious cycle; many American families are struggling to survive. In turn, they begin hoarding their discretionary incomes that […]
Can a State file for Bankruptcy?
There’s been plenty of news lately about cities going bankrupt. First there was City Falls and now Harrisburg is headed towards bankruptcy, but these aren’t the only cities in trouble. In 2009 and 2010 alone, there have been 15 municipalities in the U.S. that have filed for bankruptcy. So what happens when these cities and […]
Harrisburg, Pennsylvania Files for Bankruptcy
The economy has seen one of the greatest recessions of our time. Businesses, individuals and even entire cities have decided to file for bankruptcy protection to make it through this difficult time. That’s the reality that Harrisburg, Pennsylvania is now facing, as the city filed for Chapter 9 bankruptcy earlier this month. The City of […]