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New York, NY 10017

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What causes a business to struggle financially?

There are many reasons why a business may run into financial trouble but it’s always important to remember that a business struggling financially is not necessarily a failed business. In many cases, businesses that are struggling financially can find relief by...

Large fabric company files for Chapter 11, seeks buyer

A fluctuating market and strong competitors can really take a toll on a company, no matter its size. Hancock Fabrics Inc., one of the biggest fabric sellers in the country knows a thing or two about that. It recently filed for Chapter 11 bankruptcy for the second time...