Category Archives: News

Payless Second Bankruptcy in Two Years

Bankruptcy Attorney

For the second time in two years, Payless Shoe Source has filed bankruptcy. Payless Inc., and it’s North American subsidiaries filed for Chapter 11 protection on Monday, one day after they announced a going out of business sale in the North American Stores. In 2017 Payless filed for bankruptcy protection resulting from too much debt […]

Ohio Company Things Remembered to File Bankruptcy

Bankruptcy Attorney

Retail store Things Remembered is preparing to close most of their stores and file for bankruptcy protection. Things Remembered is where you can buy gifts and keepsakes and have them engraved or embroidered, operating for more than 40 years with 450 stores in 43 states and employs approximately 2,500 people. If Things Remembered isn’t successful […]

US Bankruptcy Courts and the Government Shutdown

Bankruptcy Attorney

Since the unprecedented, longest standing government shutdown, many federal employees and citizens alike have had more questions than answers about what the outcome will be or how long the government shutdown will last. So what about consumers seeking protection from creditors at US Bankruptcy Courts around the country? While up to the third week of […]

Red Restaurant Group Files Chapter 11 Ohio Bankruptcy

Bankruptcy Attorney

The parent company of a restaurant holding group based in Ohio has filed for Chapter 11 bankruptcy protection recently in an effort to keep its Beachwood, OH location operational. The company filed its voluntary petition for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the Northern District of Ohio in the last week […]

FirstEnergy’s Ohio Bankruptcy

Bankruptcy Attorney

On March 31st, 2018, one of Ohio’s largest utilities filed for Chapter 11 bankruptcy protection leaving many to wonder what would happen to their electricity providers. FirstEnergy Corp. asked the United States Department of Energy for an emergency order to provide cost recovery in order to combat market conditions. A request that was ultimately denied. […]

E-Recycling Co. Founder Found Guilty of Fraud

Bankruptcy Attorney

The former business owner of Zloop, the electronic recycling company in North Carolina that declared bankruptcy in North Carolina in 2015 found himself in hot water this week. The founders of Zloop found themselves in the target hairs o federal prosecutors who found it curious that Zloop spent more marketing money to sponsor a NASCAR […]

New Ohio Tax Bill Will Extend 529 Plans

Bankruptcy Attorney

Residents of Ohio who are contributing to a tax-deductible college savings plan are one step closer to additional income-tax deductions this week. The Ohio House passed Senate Bill 22 last week, which would expand Ohio’s 529 College Advantage Plan to include private schools, grades K-12. This proposed law is one that many others states in […]