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BlueHippo Can't Pay Bills, Switches To Chapter 7, May Finally Die
A chain of events over the last month does not bode well for the continued existence of the no-credit-check, allegedly scammy computer purveyor BlueHippo. When the FTC found the company in contempt of...
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Experts Answer Credit Questions From Average Americans
Henry Unger at the Atlanta Journal-Constitution has put together a multi-part series of questions and answers from readers. The detailed answers are provided by Consumer Credit Counseling Service of...
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Uno Chicago Grill Files For Chapter 11 Bankruptcy
Uno Chicago Grill, the Boston-based chain of Chicago-esque deep dish pizzerias, has filed for Chapter 11 bankruptcy after closing 16 restaurants last week. From their press release: “The Uno brand is...
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US Fidelis Files Chapter 11, No Longer Sells Warranty-Like Objects
Extended car warranty company US Fidelis already stopped selling new car service contracts and laid off over half of their staff at the end of 2009, and has now filed for Chapter 11 bankruptcy...
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American Apparel Isn't Doing Too Well
It’s been a while since we’ve had a good bankruptcy rumor floating around. Jezebel says thong superstore American Apparel is just asking for it: “[The retailer] has experienced declining year-on-year...
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Blockbuster Filing For Bankruptcy In September
Blockbuster told Hollywood studios that it’s planning to file for bankruptcy in mid-September. The home video rental retail chain wants to use the time to restructure its $1 billion debt and get out of...
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E-Trade, Borders And Frontier May Vanish This Year
Get ready to say goodbye to the E-Trade baby and Frontier Airlines. According to 24/7 Wall Street, the two businesses are among their 10 picks for companies that will not survive the year. Others that...
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Ultimate Electronics To Liquidate, Close All Stores
Ultimate Electronics, a Colorado-based chain, took on a nationwide expansion in 2010, opening new stores, entering new markets, and taking over a lot of empty retail space abandoned by Circuit City....
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Sbarro Pizza Preheats Oven For Chapter 11 Bankruptcy
Lovers of lukewarm pizza, despair. Troubled pizza chain Sbarro is getting ready to file for Chapter 11 Bankruptcy. The slice slingers are $365 million in debt and made the move after missing their...
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Borders Gets No Love From Bidders, Forced To Liquidate
Though Borders had received a tentative “stalking horse” bid earlier this month for around $215 million, that deal has since fallen apart and no one else has stepped up to the bidder’s box. Thus, the...
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4 Things You Should Know About The Ongoing Retail Apocalypse
To say that the retail industry has been having a tough go of it in 2017 would be a huge understatement, what with scores of retailers shuttering stores or closing up completely. It’s already been a...
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Retail Apocalypse Is Not All Bad News For Surviving Mall Stores
With retail chains going bankrupt or closing stores at a record pace, mall landlords have empty slots that need filling. That’s good news for the retailers who remain and are able to negotiate better...
View ArticleAmerican Airlines CEO Predicts Industry Is Never “Going To Lose Money Again”
In words that will most surely never come back to haunt him, American Airlines CEO Doug Parker boldly declared this week that the U.S. airline industry is in such a solid place right now that he...
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