marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
bankruptcy
12/06/2024
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By Ethan Huff
HALF of all U.S. states going BANKRUPT, financial report finds
The future of America hangs in the balance as the country’s financial state is not exactly strong. A recent report from Truth in Accounting has revealed that 27 states across America, more than half, ended fiscal year 2023 with a deficit, meaning they did not have enough money on hand to cover their financial obligations. […]
11/06/2024
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By Ava Grace
Casual restaurant chain TGI Fridays files for BANKRUPTCY
Casual restaurant chain TGI Fridays has filed for Chapter 11 bankruptcy, the latest of many restaurants raising the white flag. The Associated Press (AP) reported that the Dallas-based chain filed for bankruptcy in a Texas federal court on Saturday, Nov. 2. TGI Fridays Executive Chairman Rohit Manocha said in a statement that the restaurant’s financial […]
10/25/2024
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By Laura Harris
Rising costs, shrinking consumer spending and changing customer habits push more restaurants into bankruptcy
At least 10 major restaurant chains have filed for Chapter 11 bankruptcy this year due to rising costs, shrinking consumer spending and the disappearance of pandemic-era financial support. In August alone, three notable restaurant chains sought bankruptcy protections. Mediterranean fast-casual chain Roti filed on Aug. 23, citing challenges from high operating costs and decreasing foot […]
10/18/2024
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By Ava Grace
Hardware store True Value files for BANKRUPTCY, sells business to rival Do It Best
Hardware store True Value has filed for bankruptcy and has agreed to sell its business to rival chain Do It Best. True Value filed for bankruptcy on Oct. 14, indicating total liabilities between $500 million and $1 billion. The company said in court filings that it has succumbed to slumping sales that have affected other […]
09/30/2024
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By Ava Grace
127 Pizza Hut branches to close down as franchisee files for bankruptcy
The franchisee of some 127 branches of Pizza Hut across five states in the South and Midwest has put them up for sale after filing for bankruptcy in July due to mounting debts. Those branches are now at risk of closing for good. Moreover, some 15 locations of the pizza parlor in Indiana and Ohio were […]
09/05/2024
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By Olivia Cook
Big Lots reportedly faces possible bankruptcy amid plummeting stock prices
Big Lots, Inc., a prominent discount retailer in the United States, is reportedly on the brink of filing for Chapter 11 bankruptcy protections due to several years of declining sales. The company is expected to follow through by asking for bankruptcy protection in the coming weeks if it can’t secure new investors. The Ohio-based chain revealed […]
09/03/2024
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By News Editors
The final depressing chapters for the late, great U.S. economy
It is incredibly sad to watch the U.S. economy slowly but surely come apart at the seams all around us. For most of our history, the rest of the world marveled at our economic performance, and that is because we embraced economic values that led to great blessing. In recent decades, we have abandoned those […]
08/23/2024
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By Ava Grace
Pharmacy chain Rite Aid suddenly SHUTTING DOWN ALL STORES in Ohio and Michigan
Pharmacy chain Rite Aid has announced plans to close all its stores in Ohio and Michigan, sending customers scrambling to transfer their prescriptions as a result. The drugstore chain once boasted of having more outlets in the country than its rivals, having operated 4,000 drugstores coast to coast in 1999. But 25 years on, Rite […]
08/19/2024
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By Ava Grace
Major U.S. flooring supplier files for BANKRUPTCY and plans to close 94 stores nationwide
A major flooring materials supplier in the U.S. has filed for bankruptcy and plans to close 94 of its locations across the country. The Daily Mail reported that LL Flooring filed for Chapter 11 bankruptcy protection in Delaware on Aug. 11. A Chapter 11 filing allows companies to continue running their business while they work […]
08/19/2024
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By Belle Carter
Solar panel giant SunPower files for bankruptcy as Biden’s economy unravels
One of the country’s largest residential solar installers has just declared Chapter 11 bankruptcy, marking the end of the 39-year-old business. The green energy company cited a “severe liquidity crisis caused by a sharp decline in demand in the solar market and SunPower’s inability to obtain new capital.” “In light of the challenges SunPower has […]
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