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Scarinci Hollenbeck remains committed not only to providing top-tier legal services but also to regularly providing information and resources to our client base and internet following. Client Alerts provided by our attorneys supply businesses, municipalities, and more with the latest and relevant legal updates that may impact them and how they might be able to proceed.

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IT Firm Ciber Inc. files for Chapter 11 Bankruptcy

Information technology consulting firm Ciber Inc. filed for Chapter 11 bankruptcy April 9, 2017, according to The Wall Street Journal. 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 […]

Author: Joel R. Glucksman

May 30, 2017

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 among many other sporting goods and fashion retailers who have also declined in sales in past years, likely due to a shift in shopping patterns. More people are interested in online shopping than heading out […]

Author: Joel R. Glucksman

May 16, 2017

RadioShack Files For Chapter 11 Bankruptcy Again

General Wireless Operations Inc., best known as wireless and electronic store chain RadioShack, filed for Chapter 11 bankruptcy for the second time on March 8, 2017. The Fort Worth, a Texas-based company first filed for protection in 2015, which led to the reorganization of business and the closing of nearly 2,400 of its stores, according […]

Author: Joel R. Glucksman

May 11, 2017

Payless Inc 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 filed for Chapter 11 bankruptcy protection on April 4, 2017. However, this footwear business isn’t alone. According to CNBC, the number of retailers filing for protection is on its way to reaching the highest since the […]

Author: Joel R. Glucksman

May 9, 2017

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 other major department store chains are familiar with, and internet shopping is likely to blame. Another department store bites the dust According to Bloomberg Markets, Gordmans Stores Inc. plans to liquidate all of its stores. […]

Author: Joel R. Glucksman

March 28, 2017

Will Transtar Holding Co's Bankruptcy Affect the Automotive Industry?

The automotive industry has a complex supply chain. General Motors, Toyota and other original equipment manufacturers (OEMs) The automotive industry has a complex supply chain. General Motors, Toyota and other original equipment manufacturers (OEMs) do not produce the tires, coil springs and hundreds of other components that go into their vehicles. Rather, they contract with […]

Author: Joel R. Glucksman

December 15, 2016

In Wake of Restructure, Nasty Gal Files for Bankruptcy

Nasty Gal, a homegrown fashion outfitter based in Los Angeles, has an interesting story. Its founder, Sophia Amoruso, started the company in 2006 with nothing more than a laptop, an eBay account and her passion for developing vintage clothing. The business prides itself on designing and producing its own clothes, shoes and accessories on the […]

Author: Joel R. Glucksman

December 14, 2016

Renewable Energy Company SunEdison Finds Buyer in Wake of Bankruptcy

After filing for chapter 11 bankruptcy earlier this year, renewable energy developer SunEdison recently found a buyer for some of its assets. In a recent blog post, NRG Energy announced it had purchased 1,500 megawatts worth of assets from SunEdison. Those properties consist of utility-scale wind and solar-photovoltaic projects that are either currently in operation or […]

Author: Joel R. Glucksman

December 13, 2016

Major Oil Transporter, Murphy Energy, Files Chapter 11

Murphy Energy Corp., one of the largest oil and natural gas transporters in the nation, recently announced it had filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, the company’s financial struggles are due in large part to the collapse of oil prices. Currently, Murphy Energy is looking for potential buyers for […]

Author: Joel R. Glucksman

December 6, 2016

Black-Eyed Pea Restaurants Announce Chapter 11 Bankruptcy Filing

Recently, Black-eyed Pea restaurants announced that it had filed for Chapter 11 bankruptcy protection. According to National Restaurant News, the company plans to close a portion of its casual dining chain locations. Black-eyed Pea falls into insolvency The restaurant chain’s financial struggles have mounted over the last year. WFAA reported that 12 of the company’s restaurants […]

Author: Joel R. Glucksman

November 22, 2016

Medical Tech Firm, Sotera Wireless, Announces Chapter 11 Bankruptcy Protection

Sotera Wireless, the medical technology firm known for the development of its wireless patient monitoring software, recently announced that it had filed for Chapter 11 bankruptcy protection. According to a Mass Device report, the company accumulated mounting debt recently. Sotera Wireless’ recent financial struggles In its court documents, the company cited the $13.1 million debt […]

Author: Joel R. Glucksman

November 17, 2016

Major Mexican Restaurant Chain, Rita Restaurant Corp, files Chapter 11

Recently, Rita Restaurant Corp, the owner of Don Pablo’s Mexican Kitchen, one of the largest Mexican food chains in the country, announced it filed for Chapter 11 bankruptcy protection. According to The Wall Street Journal, while the restructuring plan is not set yet, the company could close a substantial portion of its 16 chain locations […]

Author: Joel R. Glucksman

November 15, 2016

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