chapter 11: August 2008 Archives

The slow arm of the law

| | Comments (0) | TrackBacks (0)

The Bombay Company, which filed for chapter 11 bankruptcy last September, had its reorganization plans approved by a judge Thursday.

Bombay began liquidating shortly after the initial filing; only now, a year later, will the final assets be distributed and the company's stock delisted. Creditors will receive between 16 and 28 percent of their claims, meaning Bombay is shorting its debts by as much as 84 cents on the dollar.

Alongside bombay is Domain Home, which also filed for Chapter 11 bankruptcy, in January, and liquidated its stores in the spring.

In Manhattan Domain and Bombay occupied parallel corner storefronts on Broadway one block apart. Both stores now stand empty, their For Rent signs a stark testimony to the retail and real estate landscapes in New York.

Ascendia Brands

| | Comments (0) | TrackBacks (0)

The parent company of Calgon and Mr. Bubble, Ascendia Brands, filed for Chapter 11 bankruptcy protection in early August. The company hopes to sell itself by the end of September.

Mrs. Fields Cookies

| | Comments (0) | TrackBacks (0)

Mrs. Fields Famous Brands LLC is planning a Chapter 11 bankruptcy filing and is asking creditors for input

The company, which dates to 1977, is having difficulty managing fuel and ingredient costs. Any restructuring plans will affect both Mrs. Fields Cookies and TCBY outlets.


| | Comments (0) | TrackBacks (0)

Regional department store chain Boscov's filed for bankruptcy protectionAugust 4. The chain was a victim of boom-time financing mistakes, leveraging itself in too many directions without a fallback plan for an economic downturn.

The 89-year-old retailer plans to liquidate 10 stores as part of its restructuring. Affiliate companies like Boscov's Business Travel are being consolidated.

Timely Demise tracks the retail industry as it changes with our unprecedented economic environment. By David Wertheimer. Did I miss something? Drop me a line.

About this Archive

This page is a archive of entries in the chapter 11 category from August 2008.

chapter 11: September 2008 is the next archive.

Find recent content on the main index or look in the archives to find all content.