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The company, which operates four mills in Eastern N.C., filed for Chapter 11 bankruptcy last week, stating that it had debts of more than $2.6 billion.
On August 31, 2023, The Stephens Group put Mitchell Gold + Bob Williams into Chapter 11 bankruptcy in the United States District Court for the District of Delaware after the closure announcement. [5] [6] On October 7, 2023, a court judge ordered Mitchell Gold + Bob Williams to convert its Chapter 11 bankruptcy into a Chapter 7 bankruptcy ...
This was the largest permanent layoff in the history of the state of North Carolina. The bankruptcy announcement also included an agreement for Pillowtex assets to be sold to GGST LLC, a joint venture of four liquidation companies (SB Capital Group, Gibbs International, Gordon Brothers Retail Partners and Tiger Capital Group), for $56 million ...
A Durham, North Carolina-based logistics company filed for Chapter 11 bankruptcy reorganization on June 13. C. Brent Smith, owner of Crystal Transportation Services of NC, doing business as ...
At its peak in 1990, Brendle's operated 58 showrooms in North Carolina, South Carolina, Virginia, Georgia, and Tennessee. [ 1 ] [ 2 ] The company announced it was closing in 1996 a few months after filing for Chapter 11 bankruptcy protection for a second time.
Carolina Place’s original 2013 loan was for $175 million at a fixed interest rate of 3.83%, the CMBS report shows. ... The Pineville location was among 142 nationwide store closures following ...
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