Tag Archives: Bankruptcy

The National Rifle Association has remained a primary focus in some of the country’s most heated debates regarding weapons rights and has now filed Chapter 11 bankruptcy. According to USA Today, the powerful gun lobby filed in Texas following New York attorney general Letitia James’ lawsuit seeking to dissolve the …

Over 74,000 sex abuse accusers have come forward to seek their portion of money from the Boy Scouts of America before the Monday bankruptcy court deadline. According to attorney Andrew Van Arsdale, who will help represent the group Abused in Scouting, the number of accusers alleging sexual abuse claims against …

Friendly’s is filing chapter 11 bankruptcy. The restaurant, like many others, has been struggling during the pandemic. “Unfortunately, like many restaurant businesses, our progress was suddenly interrupted by the catastrophic impact of COVID-19, which caused a decline in revenue as dine-in operations ceased for months and re-opened with limited capacity,” …

The teenage clothing powerhouse Forever 21 has filed for bankruptcy. According to CNN, the chain said it’s planning to overhaul the global business, closing between 300 and 350 stores, including as many as 178 in the United States. In addition to “most of its international locations in Asia and Europe.” …