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Before the Energy Conversion Devices bankruptcy, it was a major player in the commercial and industrial rooftop solar market, achieving over $1 billion in sales employing more than 2,500 people before February 2012 when the company sought bankruptcy protection and ultimately was forced to liquidate.
Learn the top reasons why small businesses end up in bankruptcy and what you can do to prevent that from happening to you. You must have more money coming in than is going out, or you're on the express train to bankruptcy. Poor cash flow Not bringing enough money in is the main reason why businesses fail.
Last month, one of the world's most well-known retailers filed for bankruptcy. Barneys is among dozens of other retailers filing for bankruptcy this year. Barneys is almost 100 years old and will close 15 of its 22 stores as part of a major restructure, and they aren’t alone. The solution lies in repurposing existing square footage.
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is auctioning a wide range of assets on October 30 from plumbing and pipeline contractor RCR Plumbing & Mechanical, which filed for Chapter 11 bankruptcy protection last year. Tiger Group’s Remarketing Services division, in cooperation with Hackman Capital’s Equipment Acquisition Co., read more.
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According to the fall 2009 issue of Development magazine, while hotels and retail properties are the most problematic in terms of default, foreclosure or bankruptcy, office distress is up 118 percent year-to-date in 2009 versus 2008.
After more than 15 years of work, the nonprofit design group Architecture for Humanity has closed its San Francisco office and plans to file for Chapter 7 bankruptcy protection, The New York Times reported. As of Jan. 1, all of its roughly 30-employee staff was laid off. An official announcement is yet to be made.
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CCA Chairman and CEO Yan Wei stated that "the record is clear that BML Properties losses were entirely the result of its own gross mismanagement and irresponsible actions."
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The Crash of ’29 forced the savings institution to declare bankruptcy. Completed in May 1929 as the headquarters for Home National Bank and Home National Savings and Trust, the 15-story Elgin Tower has had a tumultuous history.
UK levies penalty for firm's misleading regulators into the quality of its financial audit of British contractor before its unexpected collapse under huge debt in 2018.
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