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On June 10, 2016, Ziff Davis proposed a stalking-horse bid of under US$90 million after Gawker Media announced it was filing for Chapter 11 bankruptcy protection. [14] [15] [16] On March 7, 2017, Extreme Networks entered into a stalking horse arrangement for a portion of assets held by Avaya, [17] which was in Chapter 11 bankruptcy protection ...
Fred's Inc. (stylized in all caps) was a retail store chain headquartered in Memphis, Tennessee, operating in 15 states in the southeastern United States. As of June, 2019 Fred's operated 396 locations, of which 155 were pharmacies, and the remainder discount general merchandise stores.
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.
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.
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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 ...
In bankruptcy, some regions will interpret it as an executory contract that can be rejected, while others will treat it as a debt to be paid out of the bankruptcy trust. That and a wide variety of other legal ambiguities has led to a trend toward eliminating the use of land contracts to remove any incentives, and as a result, the disadvantages ...
Dayco filed for bankruptcy protection in April 2009, and emerged from bankruptcy approximately 6 months later. It eliminated about $750 million in debt during the bankruptcy. [ 1 ] In 2015, Dayco attracted controversy when it announced it would be closing its two Distribution Centers in North Carolina and one in Nevada. [ 2 ]
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