Business News
Major Frozen Custard Franchisee Files for Bankruptcy, Blames ‘Toxic’ Chicago Regulations
M&M Custard says 31 Freddy's Frozen Custard locations put them in the red.
Bankruptcy
Business Accounting
A ‘Trusted’ Employee Stole $90,000 From a Company Now on The Brink of Collapse. Here’s 1 Simple Thing You Can Do to Avoid a Similar Fate.
An Oregon newspaper learns the hard way why it's so important to require time off for employees.
By Gene Marks
Business News
SmileDirectClub Customers Speak Out After Company Ends Operations Without Warning
The telehealth orthodontics company filed for Chapter 11 bankruptcy in September.
Business News
Hostess Brands Finds a New Owner in Jam Giant J.M. Smucker in $5.6 Billion Deal
Hostess Brands is known as the maker of Twinkies, Ding Dongs, and other packaged treats.
Business News
You Haven’t Seen the Last of Bed Bath & Beyond, Actually — Here’s Why
The retailer's products won't be disappearing off shelves just yet.
By Amanda Breen
Business News
Bankrupt Wine Company Owes Millions In Bottles, Customers Left Wondering What Went Wrong and Where the Wine Went
Underground Cellar aimed to revolutionize how wine enthusiasts purchased and stored wine. However, the company's abrupt shutdown has customers seething with questions — and anger — about millions of dollars owed in wine.
Business Accounting
Facing Financial Trouble? Understand the Difference Between Insolvency, Liquidation, Bankruptcy and Administration
Learn the differences between insolvency, liquidation, bankruptcy and administration.
By Shoaib Aslam
Business News
The Manufacturer of a Staple American Home Brand Might Be Going Out of Business
The company cited "substantial doubt" in its ability to continue operating in a recent SEC filing.
Business News
‘Angry and in Shock’: Fashion Label Orders Former Sales Reps to Return Commissions in Wake of Bankruptcy
The once upscale NYC-based fashion label went under in 2020. Now, former stylists are being ordered to return commissions earned prior to the company's collapse.
Business Accounting
How to Rebuild Credit After Bankruptcy
Rebuilding credit after bankruptcy as an entrepreneur can be challenging — but it is not impossible if you know how.
Business News
Bed Bath & Beyond Plans to Raise Over $1 Billion to Pay Debts and Avoid Bankruptcy
An 11th-hour deal could help the retailer avoid bankruptcy.
Business Ideas
Bed, Bath, and Goodbye: Home Goods Company Says It Could Go Bankrupt. And Inventory Is Low.
The popular retail chain is staring down financial failure.
Business News
Why You Should Avoid Carvana Even if it Avoids Bankruptcy
Carvana Co. shares are crashing as investors fear the company is headed for bankruptcy. This article explains why you should avoid CVNA stock even if it's not
Business Accounting
FTX’s Sam Bankman-Fried Gave Away His Flawed Decision-Making Philosophy Months Ago. A Behavioral Economist Explains.
In March 2022, FTX's Sam Bankman-Fried revealed his dangerous outlook that could have served as a foreboding sign for the devastation to come.
Business News
Celsius Ex-CEO Withdrew $10 Million Weeks Before Company Froze Customer Accounts
The crypto lender filed for bankruptcy in July — with a $1.2 billion hole in its balance sheet.
By Amanda Breen
Business News
Federal Judge Signs Plan to Resolve Puerto Rico’s Bankruptcy in a Record-Setting Move
The plan comes nearly five years after Puerto Rico filed for the largest municipal bankruptcy in U.S. history.
Business News
Sears Announces It’s Shutting Last Store in Home State of Illinois
The store, located in Woodfield Mall, is scheduled to shut its doors on Nov. 14.
Building a Business
Is Now the Time to Sell Your Business?
Heed these signals, says M&A advisor Michelle Seiler Tucker
Business News
Friendly’s Parent Files for Bankruptcy, But Restaurants to Remain Open
Economic conditions force yet another familiar chain to reorder finances and sell its assets.
By Kenny Herzog
Business News
Mega-Mall Operator CBL the Latest to File for Bankruptcy
The retail nightmare of 2020 continues.
Business News
Richard Branson’s Virgin Atlantic Is Seeking Chapter 15 Bankruptcy Protection in the U.S. While It Scrambles to Finalize a Rescue Plan
Richard Branson's Virgin Atlantic airline filed for Chapter 15 bankruptcy protection in New York on Tuesday.
Business News
The Most Notable Major Chains That Have Filed for Bankruptcy During the Pandemic
Some have been able to file for Chapter 11 and reorganize, while others have liquidated and closed stores for good.
By Kenny Herzog
Business News
The Rise and Fall of Chuck E. Cheese, Which Just Filed for Bankruptcy
The chain's parent company, CEC Entertainment, filed for Chapter 11 on Thursday, citing pandemic-related reasons.
By Kate Taylor
Building a Business
From Bankruptcy to $87 Million in Funding: How Tamara Mellon Saved Her Namesake Brand
The Jimmy Choo co-founder has faced plenty of hurdles as an entrepreneur. But now, she's clinging tight to her vision -- and finding new levels of success.
Thought Leaders
9 Multimillionaires Who Lost It All but Came Back
You're never so rich you can't go broke and you're never so broke you can't get rich.
By Deep Patel
Tech
Apple Acknowledges FaceTime Bug, PG&E Files for Bankruptcy and NFL History Will be Made at the Super Bowl
Here are three things entrepreneurs should know today.
Building a Business
RadioShack Is Now Selling in Unexpected Places. Will Anyone Buy?
After hanging on through two bankruptcies, RadioShack struck a deal to open small locations inside a franchise called HobbyTown. Now, the question: Will this help or hurt both brands?
By Clint Carter