Popular craft chain Joann files for Chapter 11 bankruptcy. Here's what that means
Joann, a once popular craft chain, has filed for voluntary Chapter 11 bankruptcy proceedings, according to a an announcement.
Popular restaurant chain owner files for Chapter 11 bankruptcy
The casual restaurant sector faced financial distress in 2024 with several major chains having no choice but to file for Chapter 11 bankruptcy protection to save their businesses from closing permanently.
Popular craft chain files for bankruptcy; Will another retailer go out of business?
JoAnn, the fabric and crafts retailer, has filed for Chapter 11 bankruptcy for a second time and is now looking for a buyer.
Craft supplies retailer Joann declares bankruptcy for the second time in a year
The craft supplies and fabric retailer Joann filed for bankruptcy for the second time in less than a year, as the chain wrestles with declining sales and inventory shortages, the company said Wednesday.
Another popular burger chain files for Chapter 11 bankruptcy
Financial distress caused by the effects of the Covid-19 pandemic forced several fast-food restaurant chains to file for bankruptcy over the last five years, seeking breathing room to reorganize their businesses.
Iconic craft store files bankruptcy, second time in one year
Once popular craft retailer JOANN Fabrics filed for Chapter 11 bankruptcy earlier this week — marking its second time doing so in the last 10 months. The company first filed for bankruptcy in March 2024, later emerging from bankruptcy as a private company in April.
Diamond Comic Distributors Files Chapter 11 Bankruptcy
Update: Diamond's two largest unsecured creditors are Penguin Random House (a publishing company and distributor for other publishers, including manga ones such as Dark Horse) and Bandai. Diamond owes these two companies US$9,202,181 and US$4,348,743, respectively.
Joann files for bankruptcy for second time within a year, seeks to sell all assets
Joann, a fabric and craft retailer, announced it filed for bankruptcy for the second time within a year due to financial and inventory issues.
Fabrics and crafts chain Joann seeks buyer, files for bankruptcy again
The specialty retail chain, which says it has $615 million in debt and just $8 million in cash, is seeking Chapter 11 protection for the second time in a year.
Crafts retailer Joann files second bankruptcy in a year
Joann has 20 locations in Massachusetts, according to its website, as well 27 outposts across New Hampshire, Vermont, Connecticut, Maine, and Rhode Island.
Joann has filed for bankruptcy again. Are any Wisconsin stores affected?
Joann fabrics and craft store has filed for bankruptcy — again. The craft retailer filed for bankruptcy Wednesday, about nine months after its first bankruptcy filing in March 2024. After last year's filing,
Joann Chapter 11 Again Amid Asset Sale Fears Should No Buyer Be Found
The 82-year-old retailer Joann confirmed in a corporate statement Wednesday that ongoing soft sales and inventory issues had ...
Spirit Airlines cuts 200 jobs amidst bankruptcy scramble
Spirit Airlines announced it will cut 200 jobs in an effort to reduce costs after filing for bankruptcy in November.
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Prospect Medical Holdings Files for Chapter 11, Intends to Sell Pennsylvania, Connecticut, and Rhode Island Hospitals
Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.
Brazil's Gol releases new five-year plan ahead of Chapter 11 exit
Brazilian airline Gol released a revised five-year strategic plan on Wednesday as it prepares to exit Chapter 11 bankruptcy ...
Prospect Medical Holdings, owner of 3 Connecticut hospitals, files for Chapter 11 bankruptcy
Prospect Medical Holdings, which owns Manchester Memorial Hospital, Rockville General Hospital and Waterbury Hospital, has ...