Category Archives: Business Bankruptcy


Payless ShoeShource May Close an Additional 400 Stores

Payless ShoeSource may be on track to close 408 additional stores as part of their bankruptcy plan in light of the chain’s increasing financial difficulty. The chain had filed for chapter 11 bankruptcy only in April with the plan of closing 400 physical locations with plans to focus their efforts towards online sales. As their……
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New Jersey Chemical Outpour Puts Strain on U.S. Argentine Liaisons

The President of Argentina, Mauricio Macri, came to Washington recently to try and forge business connections for Argentina, a country attempting to bounce back after recently being steeped in debt. The major thing standing in his way, however, is the controversy behind the major lawsuit against the Argentinian oil company, YPF SA. A subsidiary of……
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Children’s Clothing Store Gymboree Filing for Bankruptcy

Joining the ranks of other clothing stores around the country, Gymboree Corp., the popular children’s clothing store, is reportedly filing for bankruptcy. According to a report by Bloomberg, the company has not seen a profit since 2011. In the process, the company has lost well over $800 million. The bankruptcy move is in the face……
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Payless to Close 400 Stores as the Company Enters Bankruptcy

Affordable shoe store and national chain Payless Shoe Source announced that, like other retailers currently experiencing the same, the company is currently seeking out bankruptcy. The company filed a petition for Chapter 11 bankruptcy in a St. Louis court. Payless details over $10 billion in liabilities and only $1 billion in assets. Their strategy is……
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Declaring Bankruptcy for Your Business

It’s not uncommon for a small business to struggle. Unfortunately, it happens pretty often. A bankruptcy for your business may be in order if you find that it has accrued a significant amount of debt. Under the right circumstances, declaring bankruptcy may save your business, eliminate your personal liability in terms of business debts and……
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