21st Century Oncology Seeks Bankruptcy Court Protection America’s largest operator of cancer treatment centers, 21st Century Oncology, has filed for bankruptcy as its debt burden runs out of control. The Florida-based healthcare company sought bankruptcy protection at a New York bankruptcy court in May.
Another Retailer Faces Closures rue21 is set to close approximately 400 of its 1,179 stores as it files for Chapter 11 Bankruptcy. The retail clothing store joins a growing list of formerly successful brick-and-mortar retail stores that have fallen on hard times.
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.
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 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…)
Another City Edges Closer to Defaulting A City of Hartford bankruptcy has become more likely, as municipal defaulting in the United States becomes more common.
An increasingly large number of U.S. cities and states are facing a looming crisis after a funding hold in public pension systems soared by $432.0 billion. This is raising fears that some of America’s biggest cities and most populous states could face a Detroit-style bankruptcy.