Jennifer Convertibles files for Ch. 11
Jennifer Convertibles has filed for Chapter 11 bankruptcy protection following liquidity problems. The sofabed retailer has agreed with its largest creditor and foreign supplier Haining Mengnu Co. to...
View ArticleCourt OKs A&P’s $800M financing
A New York court has approved $800 million in financing that will allow the Great Atlantic & Pacific Tea Co. to continue operating while under Chapter 11 bankruptcy protection. Once the nation’s...
View ArticleBankrupt, not broke
Maybe there’s a reason the word “bank” is in “bankruptcy.” It’s too expensive a procedure to go through if you’re short on cash. It’s an understatement to say filing for Chapter 11 protection can be...
View ArticleHarry & David files plan to emerge from bankruptcy
Fruit basket and gifts retailer Harry & David Holdings Inc. plans to exit bankruptcy protection in late summer, the company said in a reorganization plan filed on Monday. The company, which entered...
View ArticleFriendly’s files for Ch. 11 protection
The parent of the Friendly’s restaurant chain is filing for Chapter 11 bankruptcy protection and says it has already closed 63 of its stores. The 76-year-old company known for its ice cream and...
View ArticleSbarro eyes exit from bankruptcy
Melville-based Sbarro will offer a plan to get out of bankruptcy at a court hearing Tuesday, according to published reports. Lenders would assume partial ownership of the reorganized restaurant chain...
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