Popular craft chain Joann files for Chapter 11 bankruptcy. Here's what that means
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement.
Joann craft chain, with 11 NJ stores, files second bankruptcy in a year
Joann Fabrics announced it was declaring Chapter 11 bankruptcy for the second time within a 12-month period as it seeks a buyer to rescue the beleaguered chain. Chapter 11 bankruptcies provide businesses with some breathing room to get their finances in order without liquidating all their assets and effectively go out of business.
St. Louis trucking company, affiliate file for Chapter 11 bankruptcy
A St. Louis trucking company and its equipment leasing affiliate recently filed for Chapter 11 bankruptcy, citing the “challenges of the freight market” as one of the main reasons they are seeking to reorganize.
Popular sporting goods retailer files for Chapter 11 bankruptcy
Sporting goods retailers have battled to stay afloat after the Covid-19 pandemic rocked the nation, forcing retailers in most sectors to shut down operations for long periods in 2020. Aside from closing stores and reducing customer occupancy in stores to promote physical distancing measures,
Diamond Comic Distributors Files Chapter 11 Bankruptcy
Update: Diamond's two largest unsecured creditors are Penguin Random House (a publishing company and distributor for other publishers, including manga ones such as Dark Horse) and Bandai. Diamond owes these two companies US$9,202,181 and US$4,348,743, respectively.
Fabrics and crafts chain Joann seeks buyer, files for bankruptcy again
In the latest sign of trouble for specialty retailers, Joann is seeking Chapter 11 protection for the second time in less than a year.
Major crafts retailer files for bankruptcy
Joann filed for Chapter 11 bankruptcy protection for the second time in less than a year as it contending with a difficult retail environment. The company is also trying to sell itself.
Joann Chapter 11 Again Amid Asset Sale Fears Should No Buyer Be Found
The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had ...
Brazil's Gol releases new five-year plan ahead of Chapter 11 exit
SAO PAULO (Reuters) -Brazilian airline Gol released a revised five-year strategic plan on Wednesday as it prepares to exit ...
norran17h
Expert views: What's next for Northvolt under chapter 11
Northvolt filed for restructuring under the American chapter 11 process. In December, negotiations began in a court in Texas, ...
JOANN to Remain Open as Company Initiates Voluntary Chapter 11 Process to Maximize Business Value
Gordon Brothers to Serve as “Stalking Horse” Bidder in Court-Supervised Sale ProcessCompany Continues to Serve Customers In-Store and Online ...
Travel Weekly1d
Air ticket consolidator Mondee Holdings files Chapter 11
The company, whose consolidator brands include Hari World, Transam, Skylink, Cosmopolitan and C&H, plans to continue normal ...
Fierce Healthcare2d
Prospect Medical Holdings files for Chapter 11 amid criticisms of prior PE ownership
Prospect Medical Holdings filed for bankruptcy protections late Saturday, a move the financially strapped health system said ...
Commercial Chapter 11 Filings Increase 20 Percent in Calendar Year 2024
Commercial chapter 11 filings increased 20 percent in calendar year 2024 to 7,879 from 6,583 filings the previous year, according to data provided by Epiq AACER, the leading provider of U.S.
usaherald13h
Joann Inc. Files for Chapter 11 Protection Amid Struggles with Debt and Inventory Issues
Fabrics and crafts retailer Joann Inc. filed for Chapter 11 protection in Delaware bankruptcy court on Wednesday, marking its ...