Forever 21, the fast fashion clothing retailer and a staple of malls around the country, announced it has filed for bankruptcy and will close hundreds of stores, a move that underscores the struggles brick-and-mortar stores are facing among the rise in e-commerce. The California-based company, which boasts 800 stores worldwide, plans to shutter 350 stores, […]
PG&E Wins Court Case Allowing It to Renegotiate $34B in Renewable Energy Contracts…
Pacific Gas & Electric has won a huge legal decision from the bankruptcy court agreeing with its position that in can proceed to renegotiate $42 billion dollars in costly energy power purchase contract commitments including many renewable energy contracts. This decision will likely be appealed but for the time being the $42 billion dollars in […]
After Mom Posted $500k Bond, Daughters of Lori Loughlin Dropped Out of USC…
The College Admissions Scandal Is a Perfect Example of How Deeply Corrupt America Has Become…
Cancer’s Complications: Confusing Bills, Maddening Errors And Endless Phone Calls…
STUDY: Medical Bankruptcies at Every Income Level…
For many Americans, making their health a priority comes at a terrible cost. According to a new study published in the American Journal of Public Health, medical expenses are the cause of two-thirds of bankruptcy filings. It’s not just those with low incomes; medical expenses can hurt families at all income levels. The study, led […]
STUDY: Two-Thirds of Filers Cite Illness & Medical Bills as Contributors to Financial Ruin…
Bankrupt PG&E Shedding More Than $40B Worth of Green Energy Contracts…
Pacific Gas and Electric (PG&E) may shed more than $40 billion worth of power purchase agreements after the California utility was driven into bankruptcy by liabilities for sparking deadly wildfires, The Wall Street Journal reports. PG&E wants the U.S. Bankruptcy Court in San Francisco to rule whether the company must honor $42 billion worth of […]
REPORT: Boy Scouts of America May File for Bankruptcy…
The Boy Scouts of America are considering filing for bankruptcy, according to a report released Wednesday. The Wall Street Journal states leadership of the youth organization, mired in sexual misconduct litigation, hired the law firm Sidley Austin LLP to explore a wide range of options, including petitioning for relief under Chapter 11. On Wednesday, Boy […]
Union Leader: ‘GM won’t close plants without one hell of a fight’…
The Trump Administration can’t say they weren’t warned. Marry Barra is meeting with Trump Chief Economic Advisor Larry Kudlow on Monday after announcing that the company would lay off as many as 14,700 workers in key swing states that helped elect Trump in 2016. Barra warned the administration over the summer that auto tariffs would […]
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