The 98-year-old classic candy brand files for Chapter 11 bankruptcy

The 98-year-old classic candy brand files for Chapter 11 bankruptcy

Everyone has a piece of candy from their childhood that they may not have seen for a few years. Not so much a personal favorite for me, but Coffee Nips remind me of my grandparents’ house as my grandmother always had a stash of them. This is not a product you see very often on … Read more

Renowned designer fashion retailer files for Chapter 11 bankruptcy

Renowned designer fashion retailer files for Chapter 11 bankruptcy

In 1993, Shoshanna Lonstein Gruss, then just Shoshanna Lonstein, became a tabloid darling because she dated Jerry Seinfeld at the height of his sitcom fame. This was before you were famous on social media, but essentially she was one of the first influences and turned the fame of her four-year relationship into a successful career … Read more

The 53-year-old restaurant chain is quietly closing locations nationwide

The 53-year-old restaurant chain is quietly closing locations nationwide

Hearing about restaurant closings has become more common, but the news often hits hardest when old establishments close their doors. These restaurants are much more than places to eat; many have become prominent pieces in their communities, tied to years of local memories and traditions. Even well-established chains have not been immune to this troubling … Read more

All 89 stores to close as 78-year-old furniture chain winds down

All 89 stores to close as 78-year-old furniture chain winds down

When buying something from a chain that has filed for Chapter 11 bankruptcy, it’s important to get possession of the item before handing over any cash. When Badcock Furniture filed for Chapter 11 bankruptcy, my wife and I looked at couches and found one we liked. However, they would not sell us the floor sample … Read more

Rival Mexican chain Chipotle has closed all its restaurants

Rival Mexican chain Chipotle has closed all its restaurants

In many cases, a Chapter 11 bankruptcy does not mean the end of a restaurant chain. That’s at least in part because brand names have value, and as long as the finances can be worked out with lenders, there will usually be more investors willing to get behind a Red Lobster comeback than those who … Read more

As Trump takes two hard swings at Americans with student loan debt, some are discovering a surprising way out

As Trump takes two hard swings at Americans with student loan debt, some are discovering a surprising way out

The Trump administration is taking a tougher stance on Americans with student loan debt, and borrowers are feeling it from both sides. On the one hand, the US Department of Education has curbed income-based reimbursements (1). In August alone, 327,955 applications were denied, according to a December 15 court filing (2). For borrowers who counted … Read more

The 46-year-old bankrupt Italian chain is closing most of its restaurants

The 46-year-old bankrupt Italian chain is closing most of its restaurants

In 1981, pizzerias that also served more sophisticated Italian food were somewhat rare. In Boston, you could go to the upscale traditional Italian restaurants in the city’s famous North End, but pizza was generally not on their menus. Yes, that neighborhood had some fabulous pizza places that I visited with friends and family in the … Read more