Will Quiznos Face Chapter 11 Bankruptcy?

Quiznos has long been known for their hot subs and crazy commercials, but as the economy took a hit and consumer’s wallets tightened, Quiznos may soon be known for landing on a long list of bankrupt businesses from the recession. As of now, Quiznos is trying its best to restructure its debt to avoid filing […]

The Money Tree Inc., Files for Chapter 11

Money doesn’t really grow on trees, it seems. The Money Tree Inc., a small consumer loan provider filed for bankruptcy protection in Alabama last week. The Georgia-based company was left with no other options, as the economy left many of their customers (debtors) unable to pay back their loans. Filing for Chapter 11 will allow […]

Will Detroit need to file for Chapter 9?

It’s no secret that Detroit has taken a major hit in the recession. The former car manufacturing mecca of the western world, Detroit has now crumbled after the fall of the automotive industry. Unemployment rates are at an all-time high while the housing market remains sluggish. So what options are left for this capital city? […]

Chicago Nuns Go to Bankruptcy Court

The recession has been tough on just about everyone. Businesses, hospitals, even entire cities have been filing for bankruptcy protection to try to save their assets. The newest headline in bankruptcy, however, is “More Nuns in Bankruptcy Court.” This headline is referring to a story reported by Business Week, concerning a retirement community in Chicago. […]

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 […]

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