Category Archives: Bankruptcy

Glencore’s US Unit Sherwin Alumina Files for Bankruptcy

Sherwin Alumina Co., the troubled US unit of commodities company Glencore Plc, filed for chapter 11 bankruptcy¬†Monday as a protracted slump in the price of aluminum and a labor lockout strained the alumina plant operator’s finances. Sherwin entered bankruptcy with … Continue reading

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Paradise Canteena closes, files for bankruptcy

The bar closed at the start of this year and owners Chris and Melanie Fierro have filed for bankruptcy. Their business, over time, built up debt that they couldnt service so they made the decision that it was no longer … Continue reading

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Oil and gas drillers facing bankruptcy as prices crash

The Marcellus Shale boom that once promised hundreds of thousands of jobs in Pennsylvania has created its own bust. Its a very unusual set of circumstances where too much of a good thing is a bad thing, said Fadel Gheit, … Continue reading

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Huge U.S. coal company declares bankruptcy

¬† One of the nation’s largest coal companies, Arch Coal, filed for bankruptcy Monday, making it the second company with large Western mines to seek Chapter 11 restructuring in recent months.¬† The St. Louis-based company announced that it expects to … Continue reading

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Moonachie-based Joyce Leslie files for bankruptcy

Under pressure from a fiercely competitive market and the rise of e-commerce, Moonachie-based womens apparel retailer Joyce Leslie Inc. is looking for a buyer to stave off liquidation, having filed for Chapter 11 bankruptcy after a sharp decline in revenue. … Continue reading

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Lawyer who was sued by clients files for bankruptcy

Jim Humphreys, a Charleston area lawyer who has been sued by his former clients, has announced that his law firm has filed for Chapter 11 bankruptcy. As of Wednesday, James F. Humphreys amp; Associates stated that it was entering bankruptcy … Continue reading

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HealthSpot files for Chapter 7 bankruptcy liquidation

“There were some positive events in the operation of the business, but the company simply did not have enough cash flow to continue to operate and continue to execute on those positive opportunities,” said David Whittaker, the company’s attorney for … Continue reading

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Hancock Fabrics Is Said to Prepare Second Bankruptcy Filing

Hancock Fabrics Inc., a retail chain that sells sewing supplies, is preparing for a second trip to bankruptcy court, according to two people with knowledge of the situation. Barring a last-minute reprieve, the company could take the step as soon … Continue reading

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Bankruptcy lawyer suspended for ‘screwing banks’ ads

Updated: An Indiana bankruptcy lawyer has been suspended for 30 days for ads that said he has been “screwing banks since 1992.” The Indiana Supreme Court suspended the lawyer, Brent Welke of Indianapolis, in a Jan. 7 order (PDF) noted … Continue reading

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Berkeley wine store accused of running pyramid scheme files for bankruptcy

BERKELEY — A high-end wine business that customers claimed would take money for wine futures but never deliver the product has filed for bankruptcy. Premier Cru, a Berkeley wine company that sold wine futures, filed for Chapter 7 bankruptcy Friday … Continue reading

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