Bankruptcies

Joe’s Crab Shack Owner To File For Bankruptcy

bankruptcy

The once robust and ubiquitous American restaurant industry continues to slowly disappear. The operator of Joe’s Crab Shack and Brick House Tavern restaurant chains is preparing to file for bankruptcy. The quick and casual dining sector has been facing major decreases in customer traffic, and Ignite Restaurant Group is no exception.

U.S. Retailer Marsh Supermarkets Files for Bankruptcy

Bankruptcy

Marsh Supermarkets, Inc., a retail food chain with stores throughout Indiana and parts of Ohio, filed for Chapter 11 bankruptcy in May, as it looks to sell off its remaining 44 stores. Founded in 1931 by Ermal Marsh, the business was running 116 supermarkets and 154 convenience stores in 2006 when Sun Capital took the (more…)

President Trump’s Proposed Budget Could Bankrupt Cities and Towns

Bankruptcy

President Trump’s Proposed Budget Could Bankrupt Cities and Towns On May 23, 2017, the Donald Trump administration sent its budget proposal to U.S. Congress. The budget, which White House Budget Director Mick Mulvaney says should be called “A Taxpayer First Budget,” is aimed at respecting taxpayers, balancing the budget, and returning the country to sustainable (more…)