PC Rebuilders & Recyclers Files For Bankruptcy, Shutters Doors


PC Rebuilders & Recyclers, LLC (PCRR), an Illinois-based reuse and recycling company, has filed for bankruptcy and has shut its doors. The company filed for Chapter 7 earlier this month, indicting its plans to sell of its assets and pay creditors. The more well-known Chapter 11 bankruptcy means a company is looking to reorganize, create (more…)

Liquidation Begins for Central Grocers – 550 Out of Work


After almost a century in business, Joliet, Illinois-based Central Grocers is having a liquidation sale at its one-million-square-foot warehouse and distribution center. The facility was previously used by independent member-owners of the Central Grocers cooperative. Central Grocers is winding down operations after filing Chapter 11 back in May, two days following the filing of an (more…)

Business Bankruptcies in May Up 40% Compared to 2015


Bankruptcy Frequency Increases as New Industries Suffer Commercial and consumer bankruptcies are up all across the U.S. as industries like retail are taking the brunt of the bankruptcy hit. Total U.S. business bankruptcies in May grew by 4.7% compared to May 2016. With 3,572 filings, according to the American Bankruptcy Institute, that represents a 40% (more…)

Sunset Partners Inc. Files for Chapter 11


Sunset Partners Inc., the parent company of popular Boston University eateries Sunset Cantina and Sunset Grill & Tap, filed for bankruptcy. The restaurants will continue to pour beer and sling food for hungry university students while the company reorganizes its debt.