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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles

Displaying items 23-33
  • Maryland lawmakers, child advocates seek probe into oversight of troubled group home

    Maryland lawmakers, child advocates seek probe into oversight of troubled group home
    Maryland lawmakers and child advocates called Monday for an investigation into regulators' oversight of a troubled group home operator, asking why the state continued to give the company millions in taxpayer dollars despite long-standing financial and...
  • Group home for disabled children struggled to provide adequate care

    Group home for disabled children struggled to provide adequate care
    The recent death of a 10-year-old disabled foster child at an Anne Arundel County group home was just the latest in a series of problems at LifeLine, the state contractor that has been paid millions in taxpayer funds to care for "medically fragile"...
  • Brewzzi files for Chapter 11 bankruptcy protection

    Brewzzi files for Chapter 11 bankruptcy  protection
    Brewzzi, the award-winning brewpubs in Boca Raton and West Palm Beach, has filed for Chapter 11 bankruptcy protection. Meanwhile, the pub in Boca remains open, and the West Palm location — forced to close for falling behind on rent — hopes...
  • CNBC star Marcus Lemonis plans to revive Crumbs cupcake chain

    CNBC star Marcus Lemonis plans to revive Crumbs cupcake chain
    Days after closing all its stores amid financial struggles, Crumbs Bake Shop Inc. could get a second chance after an investor group said it plans to revive the brand and expand its offerings. Marcus Lemonis — who heads Camping World and Good Sam...
  • Stake in Sparrows Point could be sold to local group

    Stake in Sparrows Point could be sold to local group
    The owner of the closed Sparrows Point steel mill is working on selling a "significant percentage" of its stake in the property to local buyers, raising hopes for its eventual redevelopment. An attorney disclosed the potential sale this week in a court...
  • Weak housing and remodeling market causes Lumber Liquidators to revise sales forecast

    Weak housing and remodeling market causes Lumber Liquidators to revise sales forecast
    Toano-based Lumber Liquidators revised its outlook for 2014 after comparable store sales dropped 7 percent in the second quarter. Last year, same-store sales for the hardwood and laminate flooring retailer increased 15 percent in the second quarter,...
  • States hit the brakes on road projects as federal fund goes broke

    WASHINGTON Instead of shifting into high gear during what is normally the peak of construction season, state transportation departments around the country are easing off the gas pedal as the federal Highway Trust Fund barrels toward insolvency sometime...
  • Consider filing for bankruptcy if debt repayment would take five years

    Dear Liz: I'm a 33-year-old mother who lost my full-time job during the recession in 2009. I may have my "stuff" together again, but am considering filing bankruptcy. Each month I'm spending almost half (yes half!) of my income on debt payments to...
  • Report reveals 34 percent recovery for Detroit limited-tax GO bonds

    (Reuters) - Holders of Detroit's $164 million of unsecured, limited-tax general obligation bonds would only get 34 percent of their investment back under the city's debt adjustment plan, according to a consultant's report released on Thursday. The 34...
  • Innovative sewage plant in Sanford closes, lays off 15

    Innovative sewage plant in Sanford closes, lays off 15
    An innovative sewage-processing company in Sanford has closed its doors suddenly and filed for bankruptcy, leaving the cities of Sanford, Ocoee and Winter Springs to find new disposal methods. Since 2009, Maxwest Environmental Systems had been...
  • American Apparel lender Lion Capital demands $10-million loan be paid

    American Apparel lender Lion Capital demands $10-million loan be paid
    The wealthy playboy behind American Apparel Inc.'s latest crisis isn't ousted Chief Executive Dov Charney. It's a London financier named Lyndon Lea. American Apparel told securities regulators Tuesday that Lea's private equity firm, Lion Capital, has...