The consumer bankruptcy rate in 2011 in expected to be lower than the total number in 2010. In September 2011, the number of bankruptcies fell to 108,517 from 130, 329, which was the rate in September 2010. According to the National Bankruptcy Research Center, the number of bankruptcies that have been filed in the first [...]

In August 2011, northwest Ohio has seen a 26 percent decrease in bankruptcy filings compared to August 2010. Last month, there were 579 bankruptcy cases filed in the U.S. Bankruptcy Court of Toledo, a 21-county area. In August 2010, this number was at 785. As of this year there have been 4,767 filings, a 21 [...]

An Ohio-based  company, NewPage, is now considering filing for bankruptcy and deciding how this will affect their Luke Plant that currently employs 870 people. In a filing with the U.S. Securities and Exchange Commission, company officials listed bankruptcy as an option to restructure their debt. They have stated at this time that their plant operations [...]

The Ann Arbor-based bookseller, Borders, that has already closed 399 stores, will now be liquidating their stores on Friday. The bookstore failed to get the bids that would keep the store in business and it is now seeking approval from the courts to sell its assets. As of this week, 10, 700 employees have already [...]

Barber Foods has announced that they will be cutting jobs after being sold to an Ohio-based company late last month. Officials have said that the layoffs do not have anything to do with the acquisition, but because of new processing equipment that has been in development for a year. AdvancePierre were two companies that emerged [...]

Forum Health Inc., which was once one of the largest healthcare providers in certain Ohio areas, t has fees up to $26 million that have been approved by the U.S.  Bankruptcy Court that will be used to compensate those involved in the bankruptcy case. The two-year-old bankruptcy case is now working its way to conclusion. [...]

The number of bankruptcy filings in the northern Ohio area down from last year at this time. Cleveland has seen a decrease of 10 percent from the period of January to April 2010 and Akron has seen a 20 percent decrease from the same time. This is an improvement from last year, but those who [...]

Harry & David, although they have filed for bankruptcy, are looking to hire 1,000 seasonal workers to fill the call center. The company previously closed the call center and began to outsource the company's call center, but this plan did not work out so they are back in Ohio at this time. The company previously [...]

This week, Maronda Homes of Florida has filed for bankruptcy protection in the U.S. Bankruptcy Court. Maronda Homes, Marondo Homes of Florida and Maronda Homes of Ohio all filed for bankruptcy and asked the court to be able to continue operations while the deal with lenders is worked out. According to the company, they owe [...]

Sbarro Inc., the popular pizza chain, has filed for Chapter 11 bankruptcy in order to restructure and cut the company's $200 million debt. The New York-based company is hoping that this will cut their debt to $175 million. The chain has 32 stores in Ohio and has a store in almost every central Ohio Mall, [...]

An apartment community in Ohio has filed for bankruptcy after  on behalf of its owners. The complex is located in City West and is a 686-unit building. The owners, The Community Builders Inc., have reported that they are filing for bankruptcy on behalf of two of their partnerships. The CEO stated that a restructuring is [...]

Harry & David Holdings Inc., have filed for Chapter 11 bankruptcy after a large sales decline in 2010. According to U.S. bankruptcy documents, Harry & David,  has said that they struck a deal with holders for about $160 million. The fruit merchant and fruit basket seller has listed their assets and debts at $500 million. [...]

Blockbuster, the movie and game rental store, will be closing eight stores in Ohio during the month of April as a way for Blockbuster to avoid closing all together. The eight Ohio stores will no longer rent videos as of today and all of their merchandise will be on a liquidation sale. Blockbuster, based in [...]

Borders Group Inc. has announced that they will be closing two stores in Northeast Ohio as part of their bankruptcy reorganization and because of this, nearly 53 jobs will be cut. The director of economic developing is asking that Border's to not close the store in Mentor, which employees nearly 33 people. Borders is the [...]