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Stanfill cashed in stock options worth $8 million. [7] Later in 1981, Stanfill tried to fire 20th Century Fox Television head Harris L. Katleman for an irregular $2,500 purchase submitted on his expense account (while overseas at an industry event), [ 8 ] but the decision was overturned by new Fox owner Davis.
On December 1, 2016, Logan's Roadhouse formally exited bankruptcy with a debt load reduced from about $400 million to $100 million. [12] On November 1, 2018, Logan's Roadhouse announced that it was acquired by CraftWorks Restaurants & Breweries. [13] On March 3, 2020, Craftworks filed for Chapter 11 Bankruptcy protection. [14]
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
Declaring bankruptcy isn't your only option. Read on to explore a few other choices that may provide better outcomes for your financial situation. Before You File for Bankruptcy, Consider These 3 ...
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On November 24, 2010, the company was the first to use the marketing term "Red Wednesday Sale," referring to the Wednesday before Thanksgiving as "Black Friday's Impetuous Cousin." In January 2011, the J. Peterman Company received a Job Creation Tax Credit incentive from the state of Ohio valued at $122,000 over a six-year term.
In 2023, after years of dismal sales and numerous failed turnaround plans, Bed Bath & Beyond filed for bankruptcy and closed all 360 named stores and 120 buybuy Baby storefronts.