Entries by tampa

Appliance World Goes Bust

Well-known appliance retailer, Appliance World stores in Denver, Colorado have been closed because its parent company, GCF Holdings LLC filed for bankruptcy three months ago. This does not only affect its Denver operations but also involve its other metropolitan stores namely those in Arvada, Aurora, Highlands Ranch, Littleton and Colorado Springs. According to the retailer’s […]

Six US Banks Face Bankruptcy

As an indication that the economy is not heading for a recovery anytime soon, six US banks have been identified as on the verge of bankruptcy. According to the Federal Deposit Insurance Corporation (FDIC), these six banks are Florida Community Bank, the First Regional Bank in Los Angeles, the First National Bank of Georgia, Community […]

Tampa Bay Bankruptcy Lawyers Ready to Help

For many years people have had a misguided impression about bankruptcy. There has been a social stigma attached to it that makes it something to avoid, even for those who have crippling debts. But thankfully, this public perception has begun to change. The fact is, the law has provided bankruptcy as a solution for those […]

Harrisburg Fights to Stave Off Bankruptcy

The city of Harrisburg in Pennsylvania currently stands at the verge of bankruptcy, according to consulting firm Management Partners. Harrisburg’s mayor Linda Thompson says the city has an immediate need of $3.8 million. This figure is set to grow to $164 million in five years’ time. A major part of this amount is because of […]

Bankruptcies Everywhere

In these economically challenging times, the number of bankruptcy filings has skyrocketed, to no surprise. Take Wisconsin for example. In 2009, the figure rose by 30% compared to the previous year, which itself had risen 35% compared to the year before that. Nationally, the picture is just as gloomy. More than 1.4 million bankruptcies were […]

JAL Files for Bankruptcy

Under a $10 billion turnaround plan, Japan’s national airline JAL has filed for bankruptcy due to its crippling debt of about $25 billion. The airline plans to continue its operations but will be laying off some of its staff, cancel routes that are not making profit and ground some of its older planes. At present, […]

Philly’s Orchestra Mulls Bankruptcy

The Philadelphia Orchestra needs $15 million to stay afloat. Its newly appointed President and CEO, Allison Vulgamore is faced with the daunting task of increasing ticket sales and finding a new musical director. Verizon Hall, the Orchestra’s home is only 62% full at best this season, even after offering tickets at discounted prices. This is […]