Discount retail chain moving to Chapter 7 bankruptcy
Yahoo Finance·2025-11-04 01:03
When a company closed due to to a bankruptcy, it used to mean the brand went away, at least for a little while. There have always been situations where a new owner might step in and save the brand, continuing to operate under its original name. That, for example, is what happened with David's Bridal. In that case, the judge was very reluctant to accept the no-cash offer where the new owner simply took on some of the debt from the former owners. She allowed the deal to go through, however, partially becau ...