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Tag Archive | "bankruptcy"

Forever 21 Files for Chapter 11 Bankruptcy, Declares Decisive Step to a Successful Track in the Future

Forever 21, a Los Angeles-based fast fashion retailer for teen shoppers, announced on September 29, 2019 that the privately-held company was filing for Chapter 11 bankruptcy protection, and that the company was ceasing operations in 40 countries. Forever 21 will be closing most of its international stores and 178 of its U.S. stores. Forever 21 […]

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Toys “R” Us Considering Closing All of its Stores, According to Industry Reports

According to the Wall Street Journal, the store is preparing to abandon efforts at restructuring after filing for Chapter 11 bankruptcy in September, and will liquidate all of its stores. The Wall Street Journal reports that the announcement could come as soon as Monday as there is a bankruptcy hearing in Virginia. According to the […]

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Sports Authority Closing Schaumburg Store, 10 Other Illinois Stores, and About 140 Stores Nationwide with Bankruptcy

Sports Authority Inc., is closing about 140 of its stores nationwide (11 in Illinois) after filing for bankruptcy reorganization. The Randhurst Village store, which moved a few years ago from their previous location on Rand Road just west of Arlington Heights, is set to stay open. Nearby stores scheduled for closing are … 1015 E. […]

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Elite Defeat: Attack Athletics Owner Tim Grover Owes Over $12.2 Million to Creditors

Attack Athletics, an elite West Side athletic/basketball training facility built by Michael Jordan’s trainer, Tim Grover, might fail to get lead creditor Michael Jordan his $1.5 million. Attack Athletics opened in 2007 at 2641 W. Harrison St. with a 65,000 square foot facility, including four full-sized basketball courts, a 10,000-square-foot weight room, four NBA-sized basketball […]

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