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Results for chapter 11 articles
IT Firm Ciber Inc. files for Chapter 11 Bankruptcy
Author: Joel R. GlucksmanDate: May 30, 2017
The company took a buyout offer of $50 million for its North American and India assets from France's Capgemini. The bankruptcy filing is an effort to begin the intended process to make room for the sale of the business' operations.
The company was founded in 1974 and operates in the U.S., U.K. and Denmark. It also has centers in India, Vietnam and Poland, according to the Denver Post. After growing through acquisitions, Ciber employed nearly 8,600 people at one point. However, due to the decline in IT demand and performance in the European market, Ciber took a shot financially, which lead to its request for bankruptcy protection.
Gander Mountain Co. files for Chapter 11 Bankruptcy
Outdoor gear retailer Gander Mountain Co. filed for Chapter 11 bankruptcy protection as of March 11, 2017. This company is...
RadioShack Files For Chapter 11 Bankruptcy For The Second Time
General Wireless Operations Inc., best known as wireless and electronic store chain RadioShack, filed for Chapter 11 bankruptcy for the...
Payless Inc Officially Files for Chapter 11 Bankruptcy
The rumors that predicted Payless ShoeSource would go bankrupt in the near future are true: the major shoe retailer officially...
Gordmans Stores Inc. Files for Chapter 11 Bankruptcy
Gordmans, a chain of Midwestern discounted department stores, filed for Chapter 11 bankruptcy March 13, 2017. It continues a trend...
Will Transtar Holding Co's Bankruptcy Affect the Automotive Industry?
December 15, 2016
The automotive industry has a complex supply chain. General Motors, Toyota and other original equipment manufacturers (OEMs) The automotive industry...
In Wake of Restructure, Nasty Gal Files for Bankruptcy
December 14, 2016
Nasty Gal, a homegrown fashion outfitter based in Los Angeles, has an interesting story. Its founder, Sophia Amoruso, started the...
Renewable Energy Company SunEdison Finds Buyer in Wake of Bankruptcy
December 13, 2016
After filing for chapter 11 bankruptcy earlier this year, renewable energy developer SunEdison recently found a buyer for some of its...
Major Oil Transporter, Murphy Energy, Files Chapter 11
December 6, 2016
Murphy Energy Corp., one of the largest oil and natural gas transporters in the nation, recently announced it had filed...
Black-Eyed Pea Restaurants Announce Chapter 11 Bankruptcy Filing
November 22, 2016
Recently, Black-eyed Pea restaurants announced that it had filed for Chapter 11 bankruptcy protection. According to National Restaurant News, the...