Chapter 11 business bankruptcy filings increased 26% in the first half of this year as more companies sought protection from creditors during the coronavirus pandemic, according to legal-services firm Epiq Systems Inc.
U.S. courts recorded a total of 3,604 businesses filing for chapter 11 protection in the first six months of 2020, up from 2,855 in the first half of 2019, Epiq said based on data from its Aacer business unit. Commercial chapter 11 filings were up 43% last month from June of last year.
The only successful Penney’s is the Irish one which trades as Primark worldwide!
Duh like this wasn’t known
WSJ, that means there are going to be a lot of UNPAID vendors, suppliers, property managers, etc... they’ll get pennies on the dollar from JC Penny’s... no pun intended
realDonaldTrump GOP POTUS SenSchumer senatemajldr now what?
Unsurprising i suppose but sad. Was awful to see Cirque in trouble too...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Pizza Hut's largest U.S. franchisee files for Chapter 11 bankruptcyNPC joins a host of other companies that filed for bankruptcy during the pandemic, including Chuck E. Cheese's parent company CEC Entertainment, rental car company Hertz and retailers J. Crew and J.C. Penney. They will probably stop advertising because everybody is racist now. Democrats taking down the Economy 😡😡 Oof
Source: CNBC - 🏆 12. / 72 Read more »
Pizza Hut’s largest U.S. franchisee files for Chapter 11 bankruptcyPizza Hut is one of the rare companies to report same-store sales growth during the pandemic, but that follows years of slumping sales. It was terrible pizza That's what happens when you've been making shitty greasy pizza for the last 20 years. Pizza Hut used to be good in the 80s and part of the 90s. I guess this guy is back to looking for a job...
Source: NBCNews - 🏆 10. / 86 Read more »
PG&E emerges from Chapter 11 bankruptcyUtility PG&E Corp said on Wednesday it had emerged from bankruptcy, marking an end to a long-drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. All the people they killed in that fire cam back to life too. Marking an end to long drawn restructuring process which began after its equipment sparked some of the deadliest wildfires in California. They will be back there in a flash....
Source: Reuters - 🏆 2. / 97 Read more »
Stock market outlook, picks for 11 sectors from top-ranked analysts - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. How to do accurate and precision forecast besides using the historical data? anyone who is sleeping on SPCE stock is going to regret it. Huge potential and a steal of a price right now.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock market outlook: BofA bull gauge leaps most in 2 years, 11% upside - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US digital video ad spending committed upfront will grow by 11.0% this year - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Xfinity’s cable service along with DirectTV are going to be dinosaurs. Who has the cash to pay $100 for TV?
Source: BusinessInsider - 🏆 729. / 51 Read more »