Iconic 98-year-old candy brand files for Chapter 11 bankruptcy

Iconic 98-year-old candy brand files for Chapter 11 bankruptcy

Everyone has a favorite from their childhood that maybe they haven’t seen for a few years. For me, not so much a personal favorite, but Coffee Nips remind me of my grandparents house, as my grandmother always had a stock of them. That’s not a product you see on store shelves very often, but they … Read more

Famous designer fashion retailer files for Chapter 11 bankruptcy

Famous designer fashion retailer files for Chapter 11 bankruptcy

Back in 1993, Shoshanna Lonstein Gruss, then just Shoshanna Lonstein, became a tabloid darling for dating Jerry Seinfeld at the height of his sitcom fame. This was before she could be famous on social media, but essentially, she was one of the first influencers, parlaying the fame of her four-year relationship into a successful career … Read more

All 89 stores to close as 78-year-old furniture chain goes into liquidation

All 89 stores to close as 78-year-old furniture chain goes into liquidation

When you buy something from a chain that has filed for Chapter 11 bankruptcy, it’s important to take possession of that item before you hand over any cash. When Badcock Furniture filed for Chapter 11 bankruptcy, my wife and I went looking at couches and found one we liked. They would not, however, sell us … Read more

Chipotle’s rival Mexican chain has closed all its restaurants

Chipotle’s rival Mexican chain has closed all its restaurants

In many cases, a Chapter 11 bankruptcy does not mean the end for a restaurant chain. This is at least in part because brand names have value, and as long as the finances can be worked out with creditors, there are usually more investors willing to get behind a Red Lobster comeback than those who … Read more

Another airline files for Chapter 7 bankruptcy, all flights cancelled

Another airline files for Chapter 7 bankruptcy, all flights cancelled

Along with the sudden closure of commercial airlines such as Play and Blue Islands, a number of charter and fractional carriers have also filed for bankruptcy in 2025. Florida-based Verijet and Montana charter carrier Corporate Air both began bankruptcy proceedings at the same time in October while Alaska-based Kenai Aviation followed just weeks later with … Read more