bankruptcy News of 04/01/20
Pier 1 Imports Files For Chapter 11 Bankruptcy Protection
(Bloomberg) — Pier 1 Imports Inc. filed for Chapter 11 bankruptcy protection to facilitate a company sale after the retailer of eclectic home furnishings found itself squeezed by online rivals and crushed under too much debt. The Fort Worth, ...
Reset Button Is Approaching Student Debt From A New Angle
Student loan debt in the U.S. totals $1.5 trillion , and more than 44 million Americans have outstanding student loan debt. According to research by Jason Iuliano , Villanova law professor, a million student loan debtors have filed for ...
YC-Backed Upsolve Is Automating Bankruptcy For Everyone
The popular image of a Chapter 7 bankruptcy might be a large company like Enron failing, or maybe some lazy drifter trying to shirk their financial responsibilities. The reality is anything but those sorts of images. Today in America, the most common ...
PG&E Will File For Bankruptcy In California Due To Costly Wildfires
(Bloomberg) — PG&E Corp. said it will file for bankruptcy in California after the cost of wildfires left it with potential liabilities of $30 billion or more, gutting its share price and prompting the departure of its chief executive ...
This Picture Of Geoffrey The Giraffe Waving Goodbye Is Upsetting Lots Of Toys ‘R’ Us Kids
A picture of Geoffrey the Giraffe leaving Toys “R” Us is pulling on the heartstrings of former Toys “R” Us kids as the chain closes for good Friday. Former employee Rene Johnpiere posted the photo Wednesday of Geoffrey the ...
Someone Paid $18.83 Million For Necco Wafers — And The Rest Of The Company — At Auction
(BOSTON) — The bankrupt 171-year-old candy maker known for its chalky Necco Wafers and those little inscribed hearts that are everywhere on Valentine’s Day got a sweet message from a rival Wednesday: BE MINE. Ohio-based Spangler Candy ...
Medical Bankruptcies Are Not As Common As Previously Thought, Study Finds
Medical bills can push patients over the financial cliff, but a new study says this may not happen as often as previous research suggests. Hospitalizations cause only about 4 percent of personal bankruptcies among non-elderly U.S. adults, according ...