Pennsylvania Real Estate Trust (PREIT), the owner of malls throughout the eastern region of the United States, including the newly opened Fashion District Mall in Center City Philadelphia, has filed for Chapter 11 bankruptcy. The company describes the filing as a prepackaged restructuring plan … [Read more...] about 10.18.20: PREIT FILES FOR PRE-PACKAGED BANKRUPTCY
2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
Pier 1 Imports declared bankruptcy on Monday in a move aimed at facilitating a sale of the struggling home furnishings company. The publicly listed retailer is in talks with multiple potential buyers, the company said in a statement that did not disclose possible buyers. It also reiterated a … [Read more...] about 2.7.20: PIER 1 IMPORTS LATEST RETAILER TO FILE FOR BANKRUPTCY
2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
Even food stores thought to be immune from the threat of Amazon are at risk. N.Y. supermarket chain Tops Markets filed for bankruptcy citing an unsustainable debt load, falling food prices and stiff competition from Amazon.com and other low-cost rivals forcing the supermarket chain to reorganize. … [Read more...] about 2.26.18: N.Y. Supermarket Chain Files for Bankruptcy
6.28.16: Kroll Reports on John Q. Hammonds’ Bankruptcy Effect on Its CMBS Loans
On June 28, John Q. Hammons Hotels & Resorts announced that the Revocable Trust of John Q. Hammons (JQH Trust) and its related affiliates (the affiliated group) have filed voluntary petitions in order to restructure under Chapter 11 of the U.S. Bankruptcy Code. The affiliated group includes the … [Read more...] about 6.28.16: Kroll Reports on John Q. Hammonds’ Bankruptcy Effect on Its CMBS Loans
3.2.16: Sports Authority Files for Bankruptcy
About one-third of Sports Authority stores will be shut down or sold as the company filed for bankruptcy, the company announced Wednesday morning. Sports Authority plans to close about 140 of its 463 stores over the next three months as it seeks a buyer. Distribution centers in Denver and Chicago … [Read more...] about 3.2.16: Sports Authority Files for Bankruptcy