Japan sees first business failure linked to coronavirus

Business / Corporate Feb 25, 2020

Japan sees first business failure linked to coronavirus

A hotel in Aichi Prefecture will file for bankruptcy due to a steep fall in customers amid the coronavirus outbreak, Tokyo Shoko Research Ltd. said Tuesday. It marks the first business failure in Japan linked to the COVID-19 outbreak, officials at the credit agency said. The ...

Boy Scouts file for bankruptcy due to sex-abuse lawsuits

World / Crime & Legal Feb 18, 2020

Boy Scouts file for bankruptcy due to sex-abuse lawsuits

Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on. The Chapter 11 filing in federal bankruptcy court ...

Forever 21 files for bankruptcy, adding to retail apocalypse

Business Sep 30, 2019

Forever 21 files for bankruptcy, adding to retail apocalypse

Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition. Court papers filed in the Bankruptcy Court for the District of Delaware show Forever 21 has estimated liabilities ...