Category Archives: Bankruptcy News

The latest Massachusetts bankruptcy filing involves the once high-flying Evergreen Solar firm, which enetered Chapter 11 yesterday. Evergreen Solar makes silicon wafers for the interior of solar energy panels, and it president blamed cheaper competititve products being made in China for the company’s woes. The chart above shows Evergreen’s stock price falling for $6 to […]

Just a quick update: the Borders bankruptcy liquidation sales could start as early as Friday July 22 at the remaining stores in the Methuen Loop, and the Borders Express in Salem, NH. The Boston Globe has an excellent article on one of the factors that did in the chain bookstore: excessive browsing. Many folks used […]

The Borders bookstore chain got a lot closer to bankruptcy liquidation over the weekend, as no bidders emerged by the bankruptcy court’s deadline. This probably means the eventual shuttering of the Methuen store at the Loop, and the mini-outlet in the Mall at Rockingham Park in Salem, N.H., due to the bankruptcy. There could be […]

Less than a year after the Texas Rangers successfully emerged from Chapter 11 bankruptcy protection, major league baseball has another bankrupt team on its hands. This time it’s one of American sports’ most storied teams, the Los Angeles Dodgers, who filed for bankruptcy protection yesterday. The Dodgers’ bankruptcy petition listed former Boston slugger Manny Ramirez […]

Last week I wrote about how an article in Forbes magazine was spreading mis-information about how bad consumer bankruptcy was. Not surprisingly, the article (by tax attorney Stephen Dunn), garnered more attention. Some leading consumer bankruptcy attorneys got Forbes to publish their rebuttal (in the on-line magazine, but not in the print version). Lead writer […]

There are signs that the bankruptcy of the Borders bookstore chain may be over quickly. Borders has asked the bankruptcy court to approve a July 19th auction of the company, according to Bloomberg News. They would then like the sale completed by July 29th, just about wrapping up their trip through the bankruptcy process. One […]