Articles for Bankruptcy Sale

Everything must go: Busier stores as Blokker starts bankruptcy sale
1 month, 1 week ago

Everything must go: Busier stores as Blokker starts bankruptcy sale

NL Times  

After being declared bankrupt on Wednesday, retail chain Blokker started its bankruptcy sale this past weekend. The 394 branches, most of which are decked with colorful posters saying “everything must go” and “everything discounted,” are already busier than before, RTL Nieuws reports. We can, therefore, not say anything concrete about when and where which discounts apply.” Blokker has been suffering …

Bankruptcy Blokker Bankruptcy Sale
Blink Fitness, an affordable gym operator owned by Equinox, files for Chapter 11 bankruptcy
4 months, 1 week ago

Blink Fitness, an affordable gym operator owned by Equinox, files for Chapter 11 bankruptcy

Associated Press  

NEW YORK — Gym operator Blink Fitness has filed for Chapter 11 bankruptcy protection. The New York-based company added that its gyms remain open — with Blink telling its members that it anticipates “limited impact on day-to-day operations” through the process. Total debts for Blink and its affiliates filing for Chapter 11 amount more than $280 million, according to a …

Fitness Company New York Bankruptcy Gym Chapter 11 Blink
Cineworld shareholders set to be wiped out as firm expects to exit bankruptcy
1 year, 10 months ago

Cineworld shareholders set to be wiped out as firm expects to exit bankruptcy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Cineworld hopes to be back …

Business Company Bankruptcy Bankruptcy Protection Cineworld Shareholders Set
L.A.’s most extravagant mansion sells for less than half its list price
2 years, 9 months ago

L.A.’s most extravagant mansion sells for less than half its list price

LA Times  

After years of construction, a foreclosure and a bankruptcy, the Bel-Air mega-mansion known as ‘The One’ has been sold. More than three dozen prospective buyers toured the 944 Airole Way property over the last couple of months, including billionaires from the Middle East, Asia and California, The One’s listing agents have said. The hilltop home, said to be 105,000 square …

Russia Property Sale Price Auction Bankruptcy House
Fight over ‘The One’ mega-mansion heads to Bankruptcy Court
3 years, 1 month ago

Fight over ‘The One’ mega-mansion heads to Bankruptcy Court

LA Times  

An auction of “The One,” an extravagant Bel-Air mega-mansion, was postponed Wednesday after the developer of the property filed for bankruptcy protection. “The One” mega-mansion was pulled Wednesday from the auction block, one day after the developer’s limited liability company filed for Chapter 11 bankruptcy protection to stop the sale. The 105,000-square-foot Bel-Air mansion was set to go to the …

Property Court Sale Debt Bankruptcy Los Los Angeles
U.S. bankruptcy court approves sale of J.C. Penney
4 years, 1 month ago

U.S. bankruptcy court approves sale of J.C. Penney

Associated Press  

NEW YORK — J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders. The U.S. Bankruptcy Court for the Southern District of Texas approved a purchase agreement, announced earlier this fall, that has substantially all of J.C. …

Bankruptcy Penney