MAG Files for Chapter The Motorsports Aftermarket Group, known as MAG, a conglomerate of multiple brands, retail and distribution channels within the motorsport industry, has filed for Chapter. Bankruptcies in the United States increased to Companies in the first quarter of from Companies in the fourth quarter of Bankruptcies in the United States averaged Companies from until , reaching an all time high of Companies in the fourth quarter of and a record low of Companies in the fourth quarter of As of Monday, more than 4, companies have filed for bankruptcy in , according to karacto.xyz By comparison, 6, companies sought Chapter 11 protection all of last year.
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Capital Markets. Class Action. Commercial Contracts. Consumer Protection. Government Contracts. Intellectual Property. International Arbitration. International Trade. Law In-Depth. Neiman Marcus : After years of building an unsustainable debt burden, Neiman Marcus was brutalized by the coronavirus, which caused all of its 43 stores to temporarily close.
Penney : Prior to coronavirus, the footprint of the once-iconic mall retailer had fallen to less than a quarter of what it was in The company is planning to shutter stores.
Hertz : If no one is traveling, no one needs to rent a car. GNC : The year-old vitamin retailer saw 30 percent of its stores in the U. Roughly 20 percent, or 1, of its 5, retail stores will close. Chuck E. Cheese and Peter Piper Pizza locations, reopened venues, it also filed for bankruptcy.
The lawsuit seeks a temporary restraining order and preliminary and permanent injunctive relief to bar the U. Brooks Brothers — pioneer of the polo and uniform of the polished prepster — filed for bankruptcy on Wednesday, as it continues to search for a buyer. Early to the office-casual look, it became known for its crisp oxfords and jaunty sports jackets. But rent had become a burden, and the pandemic torpedoed a sale process that began in As a high school student in Queens, Ms.
The high score the proxy earned for him, Ms. Trump adds, helped the young Mr. Already a subscriber? Log in or link your magazine subscription. Account Profile. Sign Out. Cheese filed for Chapter 11 protection. Tags: coronavirus business bankruptcy.
Most Viewed Stories. Vindman to retire from the military. Most Popular. A significant victory for the Trump administration and some religious institutions. BREAKING: Supreme Court upholds Trump administration rule that gives employers and universities broad right to opt out on religious grounds from Obamacare requirement to offer free birth control through their health-care plans.
One of the closely watched religious-liberty cases from this term has been decided.