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On November 6, Taco Bueno Restaurants filed for Chapter 11 relief with a prepackaged plan. Taco Bueno, founded in Abilene Texas in 1967 has closed 19 locations in 4 states. One hundred sixty-nine restaurants remain open in...

It was just 2012 when Sears Holdings, which bought Kmart in 2005. Before that, in the 50s and 60s, Sears, Roebuck & Company was one of the largest international department store chains in the world. For the past several...

Retailers all around the country are filing for chapter 11 bankruptcy at an unprecedented rate. This mass of bankruptcies has led to a large number of store closings via liquidations. Liquidation scales may seem like a huge...

There are times where businesses can run into great financial difficulties and have to consider bankruptcy. In these cases it is a Chapter 11 bankruptcy that has to be considered. The Chapter 7 and it Chapter 13 versions of...

Many companies file for Chapter 11 bankruptcy when they get into deep financial trouble, and if they are successful, they can start over with a relatively clean slate. However, if they don’t make changes to the business...