Feb. 17, 2025 A bankruptcy judge last week approved Joann Inc.’s plan to begin closing 500 of its 800 stores, including one in Brookings. The 500 stores were deemed as “underperforming” by the crafts and fabric retailer and its advisers, according to court filings. The goal of the Ohio-based company, which filed for Chapter 11…
Joann, a major retailer of fabrics and crafts, said in a bankruptcy filing on Wednesday that it intends to close 500 locations and begin going-out-of-business sales. The retailer currently has 800 locations. When it initially filed for bankruptcy in 2024, it said it did not intend to close any locations. The company said at the…
BC.Game responds after reports that company was declared bankrupt Gambling Insider Read the original article here
Ex-interpreter for Shohei Ohtani sentenced to prison and ordered to pay millions in theft scandal NBC Philadelphia Read the original article here
Former glamour model Katie Price is to have one of her two bankruptcies discharged following a hearing at a specialist court in London. The 46-year-old was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019. Bankruptcy orders typically end after…
US debt management firm Oaktree Capital Management is looming as a potential last-minute savior for troubled Australian casino operator Star Entertainment Group after putting forward a debt financing proposal to lenders. Star revealed in a Monday morning ASX filing that the proposal from funds associated with Oaktree – which previously expressed interest in cutting a…
NCLT Approves JSW Energy’s Rs 160 Bn Bid for KSK Mahanadi Power Construction World Read the original article here
A new report shows Americans have more than 1.2 trillion in credit card debt. One nonprofit says they have resources to help. A newly-released report shows credit card debt soaring to record levels, with Americans owing more than $1.2 trilling at the end of 2024. The data, released Thursday by the Federal Reserve Bank of…
Ippei Mizuhara changed his story about Shohei Ohtani’s role in gambling debts MSN Read the original article here
This sounds tempting, especially if you sell them at a knockdown price to the other company. But this action may be a breach of s238 of the Insolvency Act 1986 – Transactions at Undervalue. It sometimes happens that directors overlook or even fail to disclose all the company’s property to a liquidator. Consequently, the Insolvency…