Consumer bankruptcy rates expected to drop in 2011

2011-10-05T16:24:11+00:00

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 [...]

Consumer bankruptcy rates expected to drop in 20112011-10-05T16:24:11+00:00

Northwest Ohio sees decrease in banckruptcy filings

2011-09-13T15:18:10+00:00

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 [...]

Northwest Ohio sees decrease in banckruptcy filings2011-09-13T15:18:10+00:00

Ohio-based NewPage considers bankruptcy

2011-08-22T16:48:40+00:00

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 [...]

Ohio-based NewPage considers bankruptcy2011-08-22T16:48:40+00:00

Borders to start liquidating stores this week

2011-07-20T20:46:05+00:00

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 [...]

Borders to start liquidating stores this week2011-07-20T20:46:05+00:00

Food company cuts jobs at manufacturing plant

2011-06-30T16:32:13+00:00

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 [...]

Food company cuts jobs at manufacturing plant2011-06-30T16:32:13+00:00

Forum Health’s bankruptcy fees near $26 million

2011-06-21T13:30:10+00:00

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. [...]

Forum Health’s bankruptcy fees near $26 million2011-06-21T13:30:10+00:00

Bankruptcy filings down from last year

2011-05-25T13:59:01+00:00

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 [...]

Bankruptcy filings down from last year2011-05-25T13:59:01+00:00

Seasonal workers to be hired by Harry & David even though bankruptcy has been filed

2011-05-06T13:39:22+00:00

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 [...]

Seasonal workers to be hired by Harry & David even though bankruptcy has been filed2011-05-06T13:39:22+00:00

Gift cards to Blockbuster not worth any money after bankruptcy filing

2011-04-25T21:11:24+00:00

If you have a Blockbuster gift card, it may now be worthless because of the bankruptcy filing done by the company. One woman, a customer at Blockbuster for 20 years, attempted to use her gift card to pay for videos and found out that it was completely worthless. The bankruptcy filing discontinued the gift card [...]

Gift cards to Blockbuster not worth any money after bankruptcy filing2011-04-25T21:11:24+00:00

Florida’s Maronda Homes files for bankruptcy

2011-04-22T15:42:25+00:00

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 [...]

Florida’s Maronda Homes files for bankruptcy2011-04-22T15:42:25+00:00

Sbarro Inc. has filed for bankruptcy

2011-04-11T18:55:42+00:00

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, [...]

Sbarro Inc. has filed for bankruptcy2011-04-11T18:55:42+00:00

Apartment complex in Ohio files for bankruptcy

2011-04-04T17:44:04+00:00

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 [...]

Apartment complex in Ohio files for bankruptcy2011-04-04T17:44:04+00:00

Fruit basket seller files for bankruptcy

2011-03-28T18:25:50+00:00

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. [...]

Fruit basket seller files for bankruptcy2011-03-28T18:25:50+00:00

Eight Blockbusters close in Ohio

2011-02-25T16:03:04+00:00

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 [...]

Eight Blockbusters close in Ohio2011-02-25T16:03:04+00:00

Borders Inc. announces store closures as part of bankruptcy plan

2011-02-18T16:36:14+00:00

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 [...]

Borders Inc. announces store closures as part of bankruptcy plan2011-02-18T16:36:14+00:00
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