Tag Archives: Business Bankruptcy Florida
Toys ‘R Us Bankruptcy Hit Toys for Tots Program
The recent bankruptcy filing and closure of giant retailer Toys ‘R Us made it harder for parents to find toys for their children this holiday season. The bankruptcy filing also hammered the famous Toys for Tots program, hampering the charity’s ability to obtain the toys it needs to distribute to needy families. Toys for… Read More »
Florida Companies File for Bankruptcy
Although giant retailers like Sears and Toys R Us get all the attention, smaller Florida businesses have also been filing for bankruptcy protection recently. Whether these companies can reorganize their debts successfully remains to be seen, but if your small business is struggling, realize that you are not alone. Promise Healthcare Group Seeks Chapter… Read More »
A Bankruptcy Isn’t the End of Your Business Dreams
It’s hard to see bankruptcy as anything but a failure. Most people are able to pay their bills, but here you are, completely swamped. The only light at the end of the tunnel is bankruptcy to help you gain some breathing room. Many people naturally wonder if they will ever find financial success. Forbes… Read More »
First Toys ‘R Us, Now Sears…Who’s Next?
The news that giant retailer Sears had filed for bankruptcy on October 15, 2018 should not have been surprising. For years, Sears and its subsidiary Kmart have been closing stores around the country. However, it is always an unsettling experience to watch one of the nation’s oldest retailers admit that it cannot pay its… Read More »
Harvey Weinstein Bankruptcy Takes Another Odd Turn
As some people know, media mogul Harvey Weinstein faces numerous credible accusations of sexual harassment and sexual assault. In response, his company, The Weinstein Company (TWC), filed for Chapter 11 bankruptcy protection. Whenever a debtor files for bankruptcy, the court enters an automatic stay that halts all collection attempts against the debtor, including lawsuits…. Read More »
Continuing Your Business in Bankruptcy: Is this Possible?
According to news reports, staff at Weinstein Company are continuing to report to work even though the company filed for bankruptcy protection after the exposure of founder Harvey Weinstein’s sexual misconduct. If you are a business owner, you might wonder how this is possible? Actually, a Chapter 11 bankruptcy exists precisely so that businesses… Read More »