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On March 3, 2020, Craftworks filed for Chapter 11 Bankruptcy protection. [14] On March 19, 2020, all open Logan's locations were temporarily closed amid the COVID-19 pandemic. [ 15 ] On April 4, 2020, Craftworks announced that all the Logan's Roadhouse locations would remain closed indefinitely, and that all 18,000 employees would be laid off.
Rax Roast Beef is a regional U.S. fast food restaurant chain specializing in roast beef sandwiches. The company has been through many iterations, declaring bankruptcy more than once, rising to as many as 504 locations in 38 U.S. states in the 1980s and falling to fewer than 20 locations on more than one occasion.
It is a court-ordered form of debt enforcement proceedings that applies, in general, to registered commercial entities only. In a bankruptcy, all assets of the debtor are liquidated under the administration of the creditors, although the law provides for debt restructuring options similar to those under Chapter 11 of the U.S. Bankruptcy code.
However, many bankruptcy attorneys advise against filing for bankruptcy if you have less than $10,000 in dischargeable debt because the legal fees and filing costs could outweigh any potential ...
An attorney can go over your options and let you know if bankruptcy is a viable option for your situation. Decide if you will file for Chapter 7 or Chapter 13 bankruptcy.
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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.
The company mentioned at that time that it was considering many options including a prepackaged bankruptcy filing. On May 20, 2011, the extension expired and the company had yet to file for bankruptcy protection or to announce another extension of its debt. On May 7, 2011, Jackson Hewitt ceased being traded on the New York Stock Exchange. The ...
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