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Stories Tagged as

Bankruptcy

Divided Decade

A view from the center of the Lehman Brothers collapse

by Sabri Ben-Achour
Sep 14, 2018
Tom Russo, former general counsel at Lehman Brothers and AIG, talked to us about how the fall of Lehman Brothers could have been stopped.
Kiyoshi Ota/Getty Images
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Brookstone saves airport-based stores from the chopping block. Here’s why.

by Reema Khrais
Aug 2, 2018
Brookstone, the specialty retailer that sells eye masks, massage chairs and other gadgets, filed for bankruptcy protection for the second time Thursday. The company says it’s going to shut down its roughly 100 mall-based stores. They’ve become less of an attraction as more shopping moves online. The company’s 35 airport-based stores are doing much better. […]
A Brookstone store is seen at Rockefeller Center October 29, 2003 in New York City. 
Mario Tama/Getty Images
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How companies like Toys R Us get approval to pay executive bonuses during bankruptcy

by Marielle Segarra
Apr 10, 2018
Payments, once justified as a way to retain leaders during the crisis, are now tied to performance metrics.
Leon Neal/Getty Images
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How Elizabeth Warren learned personal bankruptcy isn't a rich people problem

by Jana Kasperkevic
Apr 10, 2018
Personal bankruptcy is a middle-class problem, says Sen. Elizabeth Warren.
Sen. Elizabeth Warren (D-MA) listens to testimony from witnesses during a Senate Banking, Housing and Urban Affairs Committee hearing.
Drew Angerer/Getty Images
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Puerto Rico austerity plan faces hurdles

by Aaron Schrank
Mar 29, 2018
Six months after Hurricane Maria, Puerto Rico’s governor is pushing an austerity plan he hopes will turn things around in the bankrupt U.S. commonwealth. He reckons the plan would allow the bankrupt U.S. commonwealth to pay back half of the principal on its debt — which includes more than $70 billion in bond debt and $50 […]
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What a Chapter 11 retail bankruptcy looks like on the ground

by Marielle Segarra
Mar 23, 2018
Multibillion-dollar retailers are enormous machines, with a complex network of suppliers and tens of thousands of workers around the country. Chapter 11 puts them in limbo.
Toys R Us filed for liquidation in a U.S. Bankruptcy court and plans to close 735 stores, leaving 33,000 workers out of jobs. Above, a Toys R Us store in Emeryville, California.
Justin Sullivan/Getty Images
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All the stores you shopped at as a teen are going bankrupt

by Jana Kasperkevic
Mar 20, 2018
Kids these days. They don't shop at the stores like you used to.
Aeropostale is one company that has plans to move away from "on-call" scheduling.
KAREN BLEIER/AFP/Getty Images
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The big money NFL players earn may not last into retirement unless they make a plan

by Marketplace Contributor
Sep 4, 2017
Around 15 percent of professional football players file for bankruptcy a dozen years after retirement.
The West Lafayette, Indiana Stacked Pickle location is one of a chain of nine such restaurants owned by former NFL player Gary Brackett.
Stan Jastrzebski/ for Marketplace
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What corporate bankruptcy can teach us about morality

by David Brancaccio
Jun 27, 2017
'The Wisdom of Finance' aims to discover the humanity at the heart of high finance.
Greek tragedies — like that of, say, Orestes — can teach us a lot about bankruptcy.
Punch Magazine circa 1858/Hulton Archive/Getty Images
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Retailer Gymboree files for bankruptcy to restructure nearly $1 billion in debt

by Aaron Schrank
Jun 13, 2017
Children’s clothing chain Gymboree announced Sunday it’s filing for Chapter 11 bankruptcy. The retailer will close about 400 of its 1,300 stores and restructure debt in a bid to stay alive. Gymboree views its troubles as part of the larger challenges facing the retail industry as customers move their business online, but some of its […]
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