The NCAA Tournament is almost here and the greatest sporting event is finally returning to normal circumstances. After the 2020 event was canceled amid the arrival of the COVID-19 pandemic and the 2021 tournament was held in a controlled environment with limited fans, we are gearing up for something that …
Read More »Republican National Convention: Milwaukee mayoral candidates excited
MILWAUKEE – VISIT Milwaukee said Wednesday it is hosting a Republican National Convention committee in the city as they consider Milwaukee hosting the 2024 convention. From hotels, bars and restaurants to larger venues like the Fiserv Forum and beyond, VISIT Milwaukee will sell the city’s value. And while their political …
Read More »Indoor farm using refurbished containers, hydroponics
KENOSHA, Wis. (AP) — A new indoor farm has opened in Kenosha, continuing a growing trend of hydroponic farming in Wisconsin. Square Roots is an indoor farming company that started in New York in 2016. Their Kenosha location will be their fourth climate-controlled farm and was built in partnership with …
Read More »A business lawyer will be president of the University of Wisconsin
MADISON, Wis. (AP) — University of Wisconsin system leaders on Friday chose Jay Rothman, a Milwaukee business attorney with no… MADISON, Wis. (AP) — University of Wisconsin system leaders on Friday selected Jay Rothman, a Milwaukee business lawyer with no experience in higher education administration, as the next president to …
Read More »COVID and Milwaukee County Courts; the pandemic creates a backlog of cases
COVID Creates Backlog in Milwaukee County Courts COVID-19 and the pandemic are affecting all parts of society, including the Milwaukee County justice system. As jury trials resumed last summer, courts face a backlog of cases – particularly the criminal variety. MILWAUKEE – COVID-19 and the pandemic are affecting all parts …
Read More »Wisconsin awards $ 60 million for large projects to alleviate workforce challenges
By Erik Gunn, Examiner from Wisconsin December 15, 2021 Programs to train manufacturing skills, expand the health workforce, and provide inmates with job training and post-release support were some of the projects that will share nearly $ 60 million in grants. government grants on Tuesday to meet the workforce challenges …
Read More »Wear full face masks and gloves in bars
Adam Jarchow turns the Attorney General’s race into a Tory trash fire, attacking a Republican colleague with a deranged website. But Jarchow has already backed COVID restrictions on businesses in podcasts. Republican attorney general candidate Adam Jarchow has previously argued in a podcast that “places like bars and restaurants” should …
Read More »I-94 expansion plan in western Milwaukee holds public meetings
A controversial plan to extend I-94 on the west side of Milwaukee will be the subject of two public consultation meetings. The Wisconsin Department of Transportation is hosting the open houses on Wednesday, December 8 at the Tommy Thompson Youth Center in State Fair Park, 640 S. 84th St., and …
Read More »How do you make a 44-year-old animatronic rodent attractive to today’s children?
Chuck E. Cheese has seen a lot in 44 years. The rodent namesake of America’s premier children’s entertainment center and pizza chain has seen generations grow, gaming trends evolve, and video games move from the arcade to the home. He’s even seen his own image change, from a rat at …
Read More »When and where to watch Christmas movies in Milwaukee theaters
Another sign that things are returning to normal: Milwaukee cinemas are hitting the shelves with classic Christmas movies. Not as much as before the COVID-19 pandemic, of course. Two regular attendees of the holiday films, the Rosebud and Times theaters of the Neighborhood Theater Group, have yet to reopen since …
Read More »Roundup Weekend: Lawmakers Continue To Fight To End Racial Disparities In Wisconsin Pregnancies And Birth Rates
In Wisconsin, black women who give birth are five times more likely than white women to die during or within a year of pregnancy. The risk of death for black infants is double the state average, and they are more often born prematurely or with a low birth weight than …
Read More »Milwaukee’s The Starling wedding and event venue planned in the Third Quarter
A new event location, The Starling, is planned in Historic Third District of the former SURG on the Water space, 102 N. Water St. The Starling, set to open in April, is co-owned by Tyler Curran and Ramsey Renno. They also have two event spaces at Walker’s Point: Ivy House, …
Read More »Honeypie owners to reopen Comet Cafe on Milwaukee’s East Side
Comet Café at 1947 N. Farwell Ave. Comet cafe, a longtime staple of Milwaukee’s East Side, will reopen next year under new ownership. Pie Inc., which owns and operates Bay View’s Honey coffee, Honeypie Bakeshop, Palomino, SmallPie and Honeypie, soon to open in Chicago, have taken over the restaurant and …
Read More »Biden appoints political posts in rural Wisconsin
President Joe Biden on Thursday appointed two longtime Wisconsin rural experts to positions in the state offices of the US Department of Agriculture. Rural advocates across the state have applauded the nominations as victories for small farmers across the state. Biden has appointed Eugene Schriefer, a senior outreach specialist at …
Read More »Wisconsin Election Officer: LAB Election Audit Process “Doesn’t Look Right” | Local government
Wolfe Wisconsin Election Commission administrator Meagan Wolfe said on Thursday that the non-partisan decision of the Legislative Audit Office to release its recent report on the 2020 election without giving the agency an opportunity to respond “does not appear not fair”. Wolfe also declined to comment on whether the commission’s …
Read More »Local farmers struggle with shortage of butchers and meat processors
BURLINGTON, Wisconsin – Local farmers say it is currently difficult to fit their cattle into meat traps due to labor shortages caused by the COVID-19 pandemic. The impacts could soon impact everyone who buys beef. At the 4T Acres farm in Burlington, Jean Gruenert sells Scottish Highland cattle directly to …
Read More »Homicides skyrocket in metro Milwaukee-Waukesha
2021-10-10 Homicides are increasing at a record rate in the United States. According to a recent FBI report, a total of 21,570 murders were committed in 2020, the highest number of any year in the past two and a half decades and an increase of almost 30% from 2019 – …
Read More »Parking revenues in Milwaukee to close the budget gap
Parking revenues in Milwaukee to close the budget gap Drivers may soon have to pay to park until 9 p.m. in downtown Milwaukee, and that’s at least in part because of a lack of funding for the Hop Streetcar. MILWAUKEE – Drivers may soon have to pay to park until …
Read More »Milwaukee to DNC: we are ready to welcome in 2024
The city of Milwaukee would love to be remade as host of the 2024 Democratic National Convention. “Our response is an enthusiastic YES!” Milwaukee Mayor Tom Barrett wrote in a letter to Jaime Harrison, chairman of the Democratic National Committee. Milwaukee was chosen in March 2019 rather than Houston and …
Read More »The Portage Canal connects the rivers, history and culture of Wisconsin
PORTAGE – It was a hot, sunny day in early April and one of the first hot spring days when my friend Bob and I went for a run along the Portage Canal, or at least as close as we could get. Our goal was to exercise and soak up …
Read More »Milwaukee Drag Scene Goes Virtual: Online Performances and Social Media Help Audience Grow | WUWM 89.7 FM
On a Friday night at This is It! in downtown Milwaukee, the bar is packed with people waiting for the night’s drag show to start. It’s a big change from how the local drag scene operated just a few months ago. When the city closed due to the COVID-19 pandemic, …
Read More »Fall and Winter Forecast for Downtown Milwaukee Hotels a Mix of Dark Clouds, Rays of Hope
Hilton Milwaukee City Center in downtown Milwaukee. Credit: VISIT Milwaukee Like downtown Milwaukee hotels move from the busy summer season to the fall and winter months, industry experts see a mix of dark clouds and bright spots on the horizon. Milwaukee has not been spared the economic calamity caused by …
Read More »Chicago restaurant and bar opening for fall 2021
Chicago’s hospitality industry continues to pick up the pieces and try to resume some semblance of normal activity as the COVID-19 pandemic continues. The increase in the number of cases, attributed in part to concentrations of unvaccinated people and the highly transmissible delta variant, has prompted city and state officials …
Read More »Nearly $ 400 million is headed to Milwaukee to help city recover from pandemic
MILWAUKEE – In a virtual meeting Thursday, Milwaukee officials outlined their plan to help the city recover from the COVID-19 pandemic. It includes $ 394 million from the federal government, and they want it distributed evenly. “We are committed to making sure we use racial equity to determine how to …
Read More »Milwaukee COVID Vaccine Incentive for Residents
Milwaukee County COVID-19 Briefing Milwaukee County officials, including Milwaukee Health Commissioner Kirsten Johnson, discussed the latest information relating to the COVID-19 pandemic. MILWAUKEE – Mayor Tom Barrett and Health Commissioner Kirsten Johnson on Tuesday, September 21, announced a new COVID-19 vaccine incentive program for residents of the city of Milwaukee. …
Read More »‘Educators have answered the call’: First Lady Dr Jill Biden visits Milwaukee
By Ana Martinez-Ortiz First Lady, Dr Jill Biden Earlier this week, Milwaukee received a special visitor when First Lady Dr Jill Biden visited Milwaukee before continuing on to Des Moines. Biden made an appearance at Marvin Pratt Elementary School, 5131 N. Green Bay Ave., where she made some remarks and …
Read More »Wisconsin Rapids transit utility nears final approval with fees
WISCONSIN RAPIDS – Residents are unlikely to have their voices heard as the city seeks to formalize new funding for utilities and road repairs next month. The Wisconsin Rapids city council has scheduled a public hearing at 6 p.m. on September 21 for a new ordinance that would end the …
Read More »Maker Faire Milwaukee is coming back next weekend
The darkroom at a previous Milwaukee Maker Faire. Maker Faire Milwaukee will be back next weekend. The annual event, which brings together engineers, artists, scientists, artisans and “manufacturers” of all kinds from across the region, will be held September 24-26 at a new location this year, the Milwaukee School of …
Read More »How Wisconsin is ruled by a Republican ghost governor
The speaker insists the measures were primarily aimed at pushing back the growing power of the governor’s office and that he would have sought similar changes even if Walker had been re-elected. “We made a mistake in the first two years after Governor Walker [took office]. We have ceded too …
Read More »Report: Drunk Driving Pandemic | Wisconsin News
MADISON, Wisconsin (AP) – A new report suggests people are buying significantly more alcohol as the COVID-19 pandemic continues. State alcohol excise tax revenue for the fiscal year ended June 30 totaled $ 73.8 million, up almost 17% from $ 63.3 million from the previous year, according to preliminary data …
Read More »3rd Street Market Hall aims to open in mid-October
The long-awaited opening of 3rd Street covered market downtown Milwaukee is almost there. The food hall and entertainment venue, located inside The Avenue development on West Wisconsin Ave., is scheduled to open to the public on October 18, co-developer and restaurateur Omar Shaikh said in an interview with BizTimes. Milwaukee. …
Read More »Businesses in central Wisconsin say they are unaffected by recent wheat shortage
WAUSAU, Wisconsin (WSAW) – A spring wheat shortage in the northern plains of the United States has not affected businesses in central Wisconsin that depend on the harvest. The harvest is found in the grain, the main ingredient in many local pizzerias. The US Department of Agriculture said the crop …
Read More »Food is free The Pantry, Milwaukee, gets a lifeline
It’s a little over a year old, but Milwaukee’s Food is Free pantry has become a staple in the Sherman Park neighborhood, experiencing tremendous growth during the COVID-19 pandemic. However, the start of 2021 seemed to mark the end of the pantry when lead organizer Emma Toth faced a potential …
Read More »Crumbl Cookies on the verge of rapid growth across Wisconsin
Wes Henrie, franchise partner and operator and Court Hanks, manager at Crumbl Cookies. Last updated on June 25, 2021 at 3:16 p.m. Since its launch in 2017, based in Utah Crumbled cookies has taken the nation by storm, and Wisconsin is no different. The fast-growing cookie company – with more …
Read More »Why the celebration of Juneteenth Day has such a strong history in Milwaukee
The celebration of Juneteenth Day, one of the state’s oldest African-American events, will once again take place on North King Drive in Milwaukee on a day highlighting black culture and the opening of the season summer festivals with music, food, contests, vendors and a parade. Juneteenth commemorates June 19, 1865, …
Read More »Milwaukee’s new outdoor gardens, art, restaurants and bars
As residents of the Milwaukee area reemerge after more than a year of confinement, they are faced with new places to eat or drink and new experiences to have. From outdoor gardens to outdoor public art, here are six new local things to discover this summer. 1. Photo op mural …
Read More »WIAA State Soccer returns to Milwaukee June 24-25 | Sports
The Wisconsin Interscholastic Athletic Association will return to Uihlein Soccer Park in Milwaukee as the host site for the State Girls Soccer Tournament on June 24 and 25, pending approval from the control board. The State Girls football tournament and all spring sports were canceled in 2020 amid the COVID-19 …
Read More »Newly Redesigned ARIA at Saint Kate Offers Creative Take on Midwestern Food
After closing for more than a year during the COVID-19 pandemic, the Saint Kate Arts Hotel’s signature dining experience has officially reopened to the public, offering a whole new dining experience for local patrons and visitors to Milwaukee. The former Aria Café & Bar, located on the hotel’s second floor …
Read More »Milwaukee Tool predicts major win for downtown office market
Milwaukee Tool’s expansion in downtown Milwaukee is a generational real estate opportunity that will give a boost to a local office market that is just beginning to emerge from a pandemic-fueled downturn. This is how the city leaders and … Milwaukee Tool’s the expansion into downtown Milwaukee is a generational …
Read More »Weekend roundup: Wausau executives condemn comments by anti-Black Lives Matter group
After a week of diversity controversy in Marathon County, community members are opposing an anti-Black Lives Matter event scheduled to take place in Wausau on Saturday. The group speaking at Saturday’s event is called âEvery Black Life Mattersâ and thinks there is âone raceâ and âevery life countsâ, the Wausau …
Read More »Notre Dame and Wisconsin in Lambeau have reportedly already been postponed // UHND.com
Notre Dame didn’t lose a single game during the 2020 regular season, but they did lose a few big-name games thanks to the reworked 2020 schedule made necessary by the COVID-19 pandemic. One of those flagship games – a showdown with Wisconsin at Lambeau Field has been a fan list …
Read More »Wisconsin Dells Officials: Federal COVID-19 Funds May Help Offset 23% Loss of First Resort Tax | Local government
Wisconsin Dells Administrative Coordinator / Chief Financial Officer Karen Terry explains to the finance committee the possible uses of federal funds from the American Rescue Plan at the committee meeting on May 17th. Terry explained that the money can be used to help offset the 23% loss of the premier …
Read More »Milwaukee Bucks and Milwaukee Brewers to Increase Fan Capacity to 50%
Slowly but surely the fans are coming back. Minutes apart on Tuesday, the Milwaukee Brewers and Milwaukee Bucks announced they would extend their attendance limits to 50% of their venue capacity. The increase will begin Saturday at American Family Field for the Brewers’ game against Atlanta and for the NBA …
Read More »New restaurant planned for the former Original Pancake House location on Downer
The original old creperie at 2621 N. Downer Ave. Photo by Google A new full-service restaurant is planning to take over the old Original Pancake House space on the east side of Milwaukee. Canela Café is targeting an opening July 1 at 2621 N. Downer Ave. It will serve breakfast …
Read More »Century City built on land on the north side of Milwaukee
A long underused building at Century City Business Park on the north side of Milwaukee has landed another growing business. Craft Beverage Warehouse LLC, a Milwaukee-based packaging materials distributor for making craft beverages, has signed a long-term lease for approximately 9,000 square feet in the Century City 1 building, 3945 …
Read More »A first glimpse of Tied House’s new “Elements of Nature” patio
Something exhilaratingly beautiful is in bloom in Third Ward’s new âElements of Natureâ patio concept: Tied House. The new pop-up patio opened to the public last weekend and operates throughout the summer, providing a refreshing tropical escape amid the concrete jungle. X The revamped patio concept is the latest change …
Read More »Milwaukee Nineteenth Day Festival and Parade returns for 50th anniversary
MILWAUKEE – On the occasion of its 50 yearse Anniversary, Milwaukee Nineteenth Day Parade and Celebration will take place on Saturday, June 19.e and Atkinson and will travel to Burleigh and Dr. Martin Luther King Jr. Drive. The parade on June 19, 2021 will be broadcast live on TMJ4 from …
Read More »Milwaukee’s Asian Restaurant Week 1 is May 16-22
Milwaukee will host its first Asian Food Week in May, during what has been a difficult year for restaurants. The week is May 16-22. ElevAsian, a group from Milwaukee, is promoting the week to encourage diners to try restaurants owned by Asian Americans and Pacific Islanders. The name of the …
Read More »Latest: Milwaukee Brewers Achieve 85% Vaccination Rate | Sports
The latest on the effects of the coronavirus epidemic on sports around the world: The Milwaukee Brewers have joined the list of Major League Baseball teams to have at least 85% of Level 1 players, coaches and employees vaccinated. MLB announced ahead of the season that it would relax pandemic-related …
Read More »Beware of bankrupt stocks – CNN
Hertz and JCPenney are two of the most prominent publicly traded companies to have file for chapter 11 protection since the Covid-19 pandemic hit the United States. They have lots of company. But investors should reconsider whether they think now might be a good time to bargain hunt with shares …
Read More »Russia’s Kyrgyzstan ally holds elections on Sunday amid wave of discontent
BISHKEK (Reuters) – Kyrgyzstan, Russia’s closest ally in Central Asia, will vote in parliamentary elections on Sunday amid signs of widespread disaffection with the ruling elite. FILE PHOTO: Russian President Vladimir Putin shakes hands with Kyrgyz President Sooronbay Jeenbekov during a meeting in Sochi, Russia September 28, 2020. Sputnik/Mikhail Klimentyev/Kremlin …
Read More »JC Penney Files for Chapter 11 Bankruptcy Protection
By Mike Spector | Reuters NEW YORK – JC Penney Co. Inc. filed for bankruptcy Friday with plans to permanently close some stores and also explore a possible sale, making it the latest brick-and-mortar retailer to collapse so that extended store closures in response to the COVID-19 pandemic bring one …
Read More »Unit Corp. declares bankruptcy (chapter 11)
A Unit Corp. The company, which employs around 700 people, filed for bankruptcy on Friday evening. (Photo of log recording file) Tulsa-based Unit Corp. has declared Chapter 11 bankruptcy in a move that will reduce the drilling company’s debts by $ 650 million, the company said Friday night. Unit said …
Read More »Chesapeake cuts 220 before coming out of bankruptcy
Chesapeake Energy’s Oklahoma City campus.(Photo of log recording file) OKLAHOMA CITY – Chesapeake Energy on Tuesday laid off 220 other employees – 15% of its workforce – just as the company is emerging from bankruptcy. CEO Doug Lawler called it a “painful decision” to make the company more efficient in …
Read More »Seadrill Suspends Debt Payment As Restructuring Talks Continue
OSLO, Sept. 16 (Reuters) – A group of Seadrill creditors have agreed to let the offshore drilling rig operator suspend interest payments this month as part of an ongoing effort to restructure its debt $ 7.3 billion, the Oslo-listed company said on Wednesday. Seadrill, which has so far failed to …
Read More »2021 Consolidated Credit Act Amends Bankruptcy Code – Part 1: Amendments Clarifying Debtors’ Rights to Other Pandemic Relief | Mintz – Views on Bankruptcy and Restructuring
On December 27, 2020, in response to the economic distress caused by the COVID-19 pandemic and in addition to the CARES law promulgated in March 2020, the 2021 consolidated finance law (the “Law”) was promulgated. In addition to providing $ 900 billion in pandemic relief, the Act benefits both debtors …
Read More »World’s Largest Offshore Platform Owner Valaris Declares Bankruptcy
Through Allison McNeely and Christine Buurma to 08/19/2020 NEW YORK (Bloomberg) – Valaris Plc became the latest victim of falling global oil prices, declaring bankruptcy on Wednesday as the world’s largest offshore platform owner by fleet size seeks to restructure a debt of about $ 7 billion. The Chapter 11 …
Read More »Business bankruptcies delayed until virus carnage is resolved
The Covid-19 pandemic has pushed major consumer brands such as Neiman Marcus, J. Crew and Gold’s Gym into bankruptcy, but a much larger wave of corporate restructuring is still far away. The reason: Unprecedented restrictions combined with government assistance make it difficult to forecast future demand, determine which companies might …
Read More »Opening of bankruptcy proceedings during the COVID-19 pandemic – Commentary
PresentationBankruptcy by way of lawsuitBankruptcy at the request of the companyMore time to initiate restructuring and avoid bankruptcy due to COVID-19 introduction There are two main ways to open bankruptcy proceedings on a Swiss company: a creditor can initiate proceedings by way of prosecution; Where the company can file for …
Read More »Neiman Marcus Executives Claim $ 10 Million In Bankruptcy Bonus
Neiman Marcus is asking a Texas federal bankruptcy court to allow nearly $ 10 million in salary increases for CEO Geoffroy van Raemdonck and seven other executives as the company restructures debt. The proposed compensation plan covers personnel who are “essential to the day-to-day operations” and the financial success of …
Read More »A solution for a broken healthcare system
Santa Barbara residents like me know all too well the consequences of our failing health care system. Since I was diagnosed with ALS four years ago, I have had to fight not only this disease, but also private insurance companies, as my family and I are faced with boxes full …
Read More »Bankrupt women’s clothing retailer
The owner of Ann Taylor and Lane Bryant, who a few years ago was one of the largest retailers of womens and girls’ clothing in the country, filed for bankruptcy on Thursday after falling sales and debt high have been exacerbated by store closings imposed by coronavirus closures. The company, …
Read More »Vegas Golden Knights scramble to change accommodations after iconic San Jose hotel collapses
In the midst of a two-man game against the Sharks, the Vegas Golden Knights had to scramble and change hotels in San Jose because the league-designated accommodation suddenly filed for bankruptcy, according to multiple reports. Citing financial hardship brought on by the COVID-19 pandemic, the Fairmont Hotel, a downtown San …
Read More »Former Art Van Employees Win $ 2 Million Financial Aid Fund From Private Equity Firm
Dive brief: Private equity firm Thomas H. Lee Partners added $ 1 million to a contingency fund for former Art Van employees who lost their jobs in the furniture retailer’s liquidation. This brings the fund total to $ 2 million after a year-long lobbying campaign by workers, according to a …
Read More »2021 consolidated finance law gives homeowners a new tool to challenge debtors
Tuesday, February 2, 2021 As discussed in previous posts, the 2021 Consolidated Finance Law (the “Law”) was enacted on December 27, 2020, largely to address the harsh economic impact of the COVID-19 pandemic. For bankruptcy litigators – or any business that has been frustrated with receiving a demand letter after …
Read More »Bankruptcy court approves Neiman Marcus’ plea to access funding
Signage outside the Neiman Marcus store is seen during the coronavirus disease (COVID-19) outbreak in New York City, United States, April 19, 2020. REUTERS / Jeenah Moon (Reuters) – U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $ 675 million of …
Read More »CARES Act Expands Access to Chapter 11 Bankruptcy Relief
A new law raises the debt threshold of companies to request a simplified reorganization By now, you’ve probably heard – and perhaps benefited from – Federal Coronavirus Assistance, Relief and Economic Security, or CARES. Naturally, much of the law’s focus has been on much-needed loans and other programs to help …
Read More »Puerto Rico’s senior creditors agree to new bankruptcy exit plan that dramatically improves Commonwealth financial flexibility
SAN JUAN, Puerto Rico and NEW YORK – (COMMERCIAL THREAD) – Principal bondholders of Puerto Rico General Obligation (“GO”) and Public Buildings Authority (“PBA”) – including the ad hoc group of constitutional debt holders, the ad hoc group of GO bond holders , the Lawful Constitutional Debt Coalition and the …
Read More »Citigroup helps Revlon rework debt despite $ 900 million payment error
The news that the companies have maintained their relationship comes as Revlon released results for the critical holiday quarter. Although sales have fallen for three consecutive years – a combination of changes in consumption habits, growing competition from startups with a strong social media presence, and the Covid-19 pandemic – …
Read More »Post-Brexit recognition of English insolvency judgments in Luxembourg and its effects on European restructuring – Insolvency / Bankruptcy / Restructuring
Luxembourg: Post-Brexit recognition of English insolvency judgments in Luxembourg and its effects on European restructuring December 03, 2020 Loyens & Loeff To print this article, simply register or connect to Mondaq.com. Struggling European debtors and creditors face uncertainty over UK debt and, more generally, their overall restructuring strategy. This uncertainty …
Read More »Alternatives to Bankruptcy for the Cannabis Industry | The Rodman Legal Group, LLC
As many Americans grapple with the fallout from the COVID-19 pandemic, some business owners are now tasked with blazing a clear path without traditional means of financial aid. Among its many tragic consequences, COVID-19 has left an important mark on the global economy as it puts pressure on thousands of …
Read More »Wave of evictions, bankruptcies and lawsuits approaching
The mystery of the dog that didn’t bark overnight – when it comes to the economic fallout from the COVID-19 pandemic – stands as a statistical absence. Since March, entire industries have been forcibly closed and workers have been placed on leave or sacked or put on reduced hours. It …
Read More »mall owner Hanes plans to file for bankruptcy on October 1 | Local News
Struggles before the pandemic CBL, like most mall and mall operators, saw most of its properties closed from mid-March to the end of May due to the COVID-19 pandemic. However, the Chattanooga, Tenn.-Based company was struggling financially before the pandemic. CBL received a notice of potential delisting from the New …
Read More »UPDATE 3-Abengoa in Spain seeks bankruptcy proceedings after creditors lose patience
Through Nathan Allen, Jesús Aguado * The company voluntarily requests the start of the bankruptcy process * Creditors refuse to extend deadline for restructuring negotiations * Regional government says it is unable to help (Updates with bankruptcy application) MADRID, February 22 (Reuters) – Spanish engineering and renewable energy company Abengoa …
Read More »Report: Owner of Chautauqua Shopping Center May Apply for Bankruptcy Protection | News, Sports, Jobs
According to Bloomberg News, the owner of the Chautauqua shopping center could be forced to file for bankruptcy (Chapter 11). Last month, Washington Prime missed an interest payment of $ 23 million, which triggered a 30-day grace period for the company to negotiate its debt with lenders. Bloomberg News reporters …
Read More »US energy bankruptcy spike continues thanks to credit and squeezing oil prices
FILE PHOTO: A pump jack operates in front of an oil rig at sunset in an oilfield in Midland, Texas, United States August 22, 2018. REUTERS / Nick Oxford / File Photo (Reuters) – 16 other U.S. energy companies filed for creditor protection last month, reflecting crude oil prices below …
Read More »Saul Centers declares quarterly dividends and provides business updates
BETHESDA, MD., March 11, 2021 / PRNewswire / – Enabled March 11, 2021, Saul centers, Inc. (the “Company”, NYSE: BFS) declared a quarterly dividend of $ 0.53 per share on its ordinary shares, payable April 30, 2021, to holders registered with April 15, 2021. The dividend on common shares is …
Read More »Belk comes out of bankruptcy a day after filing for Chapter 11
UPDATE: February 25, 2021: Belk has emerged from chapter 11 bankruptcy a day after filing, the company said in a press release. With the approval of a restructuring deal, the department store retailer said it had $ 225 million in new capital, extended maturities (until 2025) on its term loans …
Read More »Guitar Center files for bankruptcy
UPDATE: November 23, 2020: Guitar Center filed for Chapter 11 bankruptcy Saturday to reach a previously announced deal to refinance its debt, inject new liquidity and get out of court proceedings before the end of the year. The deal includes $ 165 million in new equity investments from Ares Management, …
Read More »Activists say order allows abortions | Local
INDIANAPOLIS – Anti-abortion conservatives are pushing back an executive order issued by Governor Eric Holcomb, calling it too weak to stop abortions during the public health emergency. “In Monday’s executive order, Governor Holcomb left many loopholes for abortionists to continue murdering babies,” said Amy Schlichter, executive director of Hoosiers for …
Read More »Bankruptcy and Credit Problems Facing Retailers During the COVID-19 Crisis
The retail industry is reeling from the fallout from the coronavirus outbreak and the social distancing protocol that has temporarily closed more than 47,000 chain stores while consumers stay at home. While many closed stores have said they will stay open online, consumers are not buying non-essentials because they might …
Read More »The debt ceiling increase in bankruptcy will expire | Kerr russell
In February 2020, Congress created a new subchapter of Chapter 11 of the Bankruptcy Code aimed at alleviating the burden and costs of reorganization for small businesses. This new Subchapter V, enacted under the Small Business Reorganization Act of 2019 (SBRA), has significantly streamlined the regular Chapter 11 process for …
Read More »Speedcast comes out of Chapter 11 bankruptcy debt-free
Speedcast terminals. Photo credit: Speedcast Speedcast has successfully completed its restructuring process and exited Chapter 11 proceedings, the company said Thursday. Speedcast is now the property of Partners Centerbridge, LP and its subsidiaries. Centerbridge has invested $ 500 million of equity in the company and Speedcast now has a healthy …
Read More »Form 8-K SAUL CENTERS, INC. For: March 11
Enter Wall Street with StreetInsider Premium. Claim your 1-week free trial here. EXHIBITION INDEX Exposure The description No. 99.1 Press Release, dated March 11, 2021, from Saul Centers, Inc. Section 2: EX-99.1 (EX-99.1) On March 11, 2021, Saul Centers, Inc. (the “Company”, NYSE: BFS) declared a quarterly dividend of $ …
Read More »Guitar Center Files Chapter 11 to reduce the debt load
Guitar Center, the country’s largest musical instrument retailer, has filed for bankruptcy to reduce its $ 1.3 billion debt amid a liquidity crunch caused by the coronavirus pandemic. The Chapter 11 filing is the “next step” in implementing a restructuring agreement with creditors that will reduce Guitar Center’s debt by …
Read More »Rocket confirmations gain ground – Lexology
In the early evening of February 23, 2021, Belk Inc. and its affiliates (collectively, “Belk”) filed their Chapter 11 bankruptcy claims with the South Texas District Bankruptcy Court. Less than seventeen hours later, Judge Marvin Isgur confirmed the reorganization plan prepared by Belk. Belk is not the first Chapter 11 …
Read More »Xscape Theaters Howell 14 goes bankrupt
The past 12 months have been tough for Jersey Shore businesses, especially those in the entertainment industry. After a year of limited capacity, one of Jersey Shore’s largest theaters has closed. Listen to JB afternoon on 92.7 WOBM and download our free 92.7 WOBM app. If you hear of any …
Read More »World’s Largest Offshore Platform Owner Valaris Goes Bankrupt
[Ensure you have all the info you need in these unprecedented times. Subscribe now.] Valaris Plc became the latest victim of the global drop in oil prices, declaring bankruptcy on August 19 as the world’s largest offshore rig owner by fleet size seeks to restructure approximately $ 7 billion in …
Read More »