Category: Bankruptcy

Celebrity Bankruptcy

Actor and reality show star Gary Busey has filed for Chapter 7 bankruptcy in California. Aside from listing more than $500,000 in estimated personal debts, and a dozen creditors Busey’s bankruptcy filing leaves few details. Gary is known for his roles in movies such as; “Point Break” and “Lethal Weapon,” but in recent years he […]

American Restaurant Chain Bankruptcies Part 2

Big Boy Restaurant Chain Possibly the most well known restaurant chain on our list is Big Boy restaurants. The chain is famous for the double-decker hamburgers they specialize in, and the little boy on their logo. The owner of the chain, the Elias Bros. Corp., filed for bankruptcy after experiencing financial difficulties, and money issues […]

American Restaurant Chain Bankruptcies Part 1

In the past decade, many of America’s most loved restaurant chains have closed. There is a saying that states that in the restaurant business you always have customers, because people need to eat. However, with the poor economical climate a lot of restaurant chains in America, are filing for bankruptcy, and closing many of their […]

Hostess Bankruptcy

Hostess Brands, the manufacturer of tasty treats, such as Twinkies, Wonderbread, Ding Dongs, Ho hos, Sno Balls, and more has filed for Chapter 11 bankruptcy protection in the Southern District of New York. Old-fashioned union agreements, legacy obligations, and work rules, have been listed as the main culprits responsible for the Texas company’s bankruptcy filing. […]

Eastman Kodak Bankruptcy

The Rochester, N.Y.-based company, Eastman Kodak Co. filed for Chapter 11 bankruptcy on Thursday. The company is known for being a pioneer in film and camera development. The 132-year-old company’s bankruptcy filing will effect hundreds of local Kodak employees, contractors, suppliers and retirees. Their Chapter 11 bankruptcy filing, will offer the company protection from their […]

Famous Corporate Bankruptcies Part 4

The Tribune Group In2008, The Tribune Group, a newspaper and television chain that publishes The Chicago Tribune, and The Los Angeles Times filed for Chapter 11 bankruptcy protection. A drop in advertising revenue brought on by the recession, as well as a shift with internet advertising, were noted as the Tribune Group’s main financial problems. […]