American discount department store Stein Mart has filed for Chapter 11 bankruptcy. It also intends to permanently shut many of their stores. The retailer is the latest to the growing list of businesses that had severely suffered amid the huge blow of pandemic to many industries. Closing shop The Florida-based […]
Read Time : 3 Minutes
Virgin Atlantic Seeks Chapter 15 Bankruptcy as It Restructures Company
Airline company Virgin Atlantic Airways on Tuesday filed for Chapter 15 bankruptcy protection in New York. This is done to allow foreign debtor to protect their assets in the US while they are in the process of restructuring on their homeland. Last month, the company had also announced to secure […]
Read Time : 2 Minutes
Oldest US Dept. Store Lord & Taylor Files for Bankruptcy
The pandemic is a huge blow to many businesses. And even one of the oldest department stores in the US is among the growing number of retailers that are succumbing to bankruptcy filing during these trying times. Bankruptcy protection Lord & Taylor is one of the more recent businesses to […]