Category Archives: Bankruptcy

Brick & Mortar Retail Meltdown Fueled by Asset Stripping. Details Emerge in Bankruptcy Courts

Brick & Mortar Retail Meltdown Fueled by Asset Stripping. Details Emerge in Bankruptcy Courts | Wolf Street http://wolfstreet.com/2017/07/31/asset-stripping-pe-firms-fuels-brick-mortar-retail-meltdown/ Re-posted from Wolf Street. Geoff Geoff Comments: Lenders with collateral are being fleeced in Bankruptcy court, where is the justice?

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The Amazon Effect: Retail Bankruptcies Surge 110% In First Half Of The Year

The Amazon Effect: Retail Bankruptcies Surge 110% In First Half Of The Year | Zero Hedge http://www.zerohedge.com/news/2017-07-30/amazon-effect-retail-bankruptcies-surge-110-first-half-year Re-posted from Zero Hedge. Geoff Geoff Comments: Traditional bricks & mortar retailers have been given a boost out the door by a pervasive … Continue reading

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“From Horrific To Catastrophic”: Court Ruling Sends Illinois Into Financial Abyss

“From Horrific To Catastrophic”: Court Ruling Sends Illinois Into Financial Abyss | Zero Hedge http://www.zerohedge.com/news/2017-07-01/horrific-catastrophic-court-ruling-send-illinois-financial-abyss Re-posted from Zero Hedge. Geoff

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Illinois Special Legislation Time Spent In Minutes: House vs Senate Graph with Costs

Illinois Special Legislation Time Spent In Minutes: House vs Senate Graph with Costs | MishTalk https://mishtalk.com/2017/06/30/illinois-special-legislation-time-spent-in-minutes-house-vs-senate-graph/ Re-posted from MishTalk. Geoff Geoff Comments: Take a look at Illinois government in action (inaction?), to see our Congress under the bright light of … Continue reading

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Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor

Japanese airbag maker Takata files for bankruptcy, gets U.S. sponsor http://www.reuters.com/article/us-takata-bankruptcy-japan-idUSKBN19G0ZG?feedType=RSS&feedName=topNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FtopNews+%28News+%2F+US+%2F+Top+News%29 Re-posted from Reuters. Geoff Geoff Comments: Takata has taken too long to remedy the airbag problem, causing the problem to escalate out of control. A quicker, comprehensive response would … Continue reading

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Illinois Too Broke to Fix: Chicago Police Pension Fund Broke by 2021 at the Latest

Illinois Too Broke to Fix: Chicago Police Pension Fund Broke by 2021 at the Latest | MishTalk https://mishtalk.com/2017/06/23/illinois-too-broke-to-fix/ Re-posted from MishTalk. Geoff Geoff Comments: As previously discussed, Illinois is now paying the price of decades of fiscal irresponsibility, without a … Continue reading

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Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A “Banana Republic”

Canary In The Coal Mine: Unfunded Liabilities Have Turned Illinois Into A “Banana Republic” | Zero Hedge http://www.zerohedge.com/news/2017-06-23/canary-coal-mine-unfunded-liabilities-have-turned-illinois-banana-republic Re-posted from Zero Hedge. Geoff Geoff Comments: Illinois politicians have conducted themselves irresponsibly for decades, now, all those bad choices have created … Continue reading

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Illinois careens into financial meltdown – and not even the lottery is safe

Illinois careens into financial meltdown – and not even the lottery is safe | Fox News http://www.foxnews.com/politics/2017/06/20/illinois-careens-into-financial-meltdown-and-not-even-lottery-is-safe.html Re-posted from Fox News. Geoff Geoff Comments: Illinois finances have gotten so bad that they cannot continue funding the Lottery? We all knew … Continue reading

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Air bag maker Takata is planning to file for bankruptcy

Air bag maker Takata is planning to file for bankruptcy – Business Insider http://www.businessinsider.com/air-bag-maker-takata-is-planning-to-file-for-bankruptcy-2017-6?utm_source=feedburner&amp%3Butm_medium=referral&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29&utm_content=FeedBurner+user+view Re-posted from Business Insider. Geoff Geoff Comments: If Takata declares bankruptcy before the settlement is completed and executed, not funds will be set aside to pay … Continue reading

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To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy

To Be The Worst Retail Apocalypse In U.S. History – More Than 300 Retailers Have Already Filed For Bankruptcy http://theeconomiccollapseblog.com/archives/2017-is-going-to-be-the-worst-retail-apocalypse-in-u-s-history-more-than-300-retailers-have-already-filed-for-bankruptcy Re-posted from The Economic Collapse Blog. Geoff Geoff Comment: We have been warning about the impending collapse of bricks & … Continue reading

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