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 [...]

FirstEnergy Corp. announced Wednesday that they may be selling its Freemont Energy Center that is located in Fremont, Ohio, to American Municipal Power Inc. The company has entered a nonbinding memorandum where the parties will participate in exclusive negotiations with American Municipal Power Inc. and will make an agreement by March 11 whether or not [...]

Allcare Dental is preparing to file for bankruptcy after the chain closed abruptly. The company is closed while the prepare to file for bankruptcy, but there are so many offices that it will take time. Allcare Dental has offices in 13 states and ended their operations in Dec. 31 after citing financial difficulty. The president [...]