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January 2016 Archives

Sports Authority could benefit from Chapter 11 protection

An insider claims the company recently skipped an interest payment and is discussing possible other options with bondholders. This step puts Sports Authority into a 30-day grace period. If the payment is not made within that period, a default will be triggered.

Paper mill files for Chapter 11 protection, hopes for better future

Most companies in New York and throughout the Unites States go through fluctuations. Some years are positive and bring a lot of growth, while others may be a bit stagnant financially or even see some decrease in profits. The main hope is that over time the company sees growth and progresses in its core mission to satisfy customers and to keep employees happy.

New York City Opera works to get reorganization plan approved

There are many songs written about love and its many downfalls and triumphs. It can be an emotional rollercoaster with, hopefully, a positive outcome. While we may not hear many songs written about bankruptcy, the same could be said about the process.