Just three short years after exiting bankruptcy, Hostess Brands Inc. files for Chapter 11 bankruptcy, again. The maker of treats such as Twinkies and Wonder Bread, Hostess found itself in bankruptcy protection between 2004 and 2009. Having emerged relatively organized, the snack maker is once again in deep water. Troubling Times For Sweet Treats The  … Read more

The Swedish automaker Saab filed for bankruptcy as a last resort option for managing its financial troubles. Having been owned and operated by General Motors for quite some time, the once foreign car manufacturer now stands to reclaim its international roots through a buyout by a different foreign company. All Eyes On Saab Since the  … Read more

There are many misconceptions in the bankruptcy world and the line only gets further blurred when we start talking about a business bankruptcy. While there are key differences in personal bankruptcy versus a business bankruptcy, one thing is clear: many people have very little understanding of how the process actually works. While you may have  … Read more

A nationally recognized furniture retailer has filed for Chapter 11 bankruptcy. The RoomStore operates many locations around the United States offering consumers the promise “We don’t cut corners. We cut prices.” Despite the company’s best efforts to carve out their share in a highly competitive market, the company faces tough debt reorganization efforts if it  … Read more

The American Airlines bankruptcy court battle begins today and will mark one of the largest Chapter 11 filings in airline history. After announcing its plans to file last week, American has lost five of its top company officials. As the Fort Worth bankruptcy court opens its doors to airline board members, many will be watching  … Read more

As one of the leading active retirement communities in the United States, The Village at Penn State has long offered bountiful amenities to its residents. Residents can take college courses, attend University activities, participate in sports and outdoor recreation and even receive personalized house care services. While The Village has maintained its upscale reputation, economic  … Read more

After American Airlines announced that they would be filing for bankruptcy earlier this week, a wave of uncertainty has hit many. American Airlines is one of the largest airline carriers for several international hubs around the United States, providing a  main source of revenue for many airports. Further, American employs thousands of workers at each  … Read more

After years of profit loss and months of denying the inevitable bankruptcy filing, American Airlines has filed for Chapter 11 bankruptcy protection. While executives are left worrying about how the financial details will be reorganized, American Airline employees and customers are left wondering how they will be affected by the filing. Big Shoes To Fill  … Read more

After months of time spent in a Dallas bankruptcy court, Tom Gaglardi won the court’s approval to ownership of The Dallas Stars hockey team. Originally, no interest in ownership was apparent and the team feared the worst. Having once been a championship team, the Stars franchise became concerned it was headed for dissolution. Now, with  … Read more

A Memphis based restaurant chain has felt the pressure from the tightening of financial belts. The home-style dining chain, Perkins, began losing money when the recession hit. The Perkins company found itself in the midst of a financial crisis when several states  that are home to many of their franchise locations became the hardest hit  … Read more