Corporate Bankruptcies... rolling count of American companies going "BELLY -UP" 2008

[HOLLYWOOD]

Updated a bunch bankruptcies... and bank failures from the past 2 weeks

Gesus this thread has been a lot of work!

 

[Sarge]

Polaroid files for bankruptcy,

http://www.bloomberg.com/apps/news?pid=20601087&sid=afOdWSvgMXtM&refer=home

Note the alleged 2 or 3 billion Poniz scam by the Petter's Group going on.

 

[Sarge]

Keep an eye out on this,

http://www.dallasnews.com/sharedcontent/dws/bus/stories/122008DNBUScommercial.772c78a5.html

This comments on the potential also,

http://www.propertywire.com/news/no...-billions-in-us-in-distress-200812192281.html

We are going to see many of these go under when they can't get the big re financing of their leveraged debt.

 

[fedup100]

Whoa! Be careful what you post. I think you got the wrong company.

Bed Bath and Beyond is not going down in retail. They have no debt and a billion or more in cash.
While they may experience a slow down in sales, they will be the survivor.

Linens and Things is likely to declare bankruptcy Tuesday if they can't work anything out.

Just got Madoff'd!

 

[ihsv]

 

[ihsv]

Thacher Proffitt Law Firm

http://www.bloomberg.com/apps/news?pid=20601087&sid=aTGR1ZHkMawU&refer=home

 

[HOLLYWOOD]

Updated with Thacher Profitt

and rumors have it: Sports Chalet and their 60 stores to close their doors.

stock is at 48 cents... lost a buck a share down from 52 week high of $11.39 Sports Chalet also shutdown their Online Purchasing Website... probably going to be one of the first failures for our 2009 bankruptcies.

http://www.sportchalet.com/docs/SC_Annual08.pdf

http://www.answers.com/topic/sport-supply-group-inc

If you have GIFT CARDS... I recommend using them immediately, IF, not protected by state and federal laws. Look at the annual report of details...

 

[Agent CSL]

Can I get some information on the commercial real estate market on the teetering edge? I heard loans aren't going to be paid next year for the coming due of the Adj.R. financing for malls and the like, and I'd like to know who is threatened.

 

[Sandra]

A great way to find out is to hit malls the day after Christmas and observe individual stores. If they appear to be boxing up inventory or selling newer inventory at near cost, that's bad. Another bad sign is mall floorspace that wes empty before will now be used as a discount outlet for several stores, I'm betting that's what will draw shoppers in. Bon Marche Mall in Baton Rouge did that beffore closing.

 

[s35wf]

on 12-22-08 Westgate Resorts in Orlando laidoff/fired 80% of its sales & marketing staff. Im so upset because all of the sale & marketing people basicly Starve all winter (sept, oct, nov, & dec) waiting for the two weeks of xmas & new years to earn their fall/winter incomes. Now 2 days before xmas they do this; the rug has been pulled out from underneath our feet at the very last minute with no oppertunity to find either another job or another resort to market for for the xmas holidays. Im so sad & upset at David Siegal, If he was going to do this, it should have been done weeks ago; NOT two days before xmas.

PS if anyone needs any attraction tickets my # 407-230-2757 Helena

 

[2orb]

B. Moss Clothing Co.

In PA it was there last weekend - another hole in the mall today.

69 years, 70 stores, 16 states...

http://www.wwd.com/business-news/b-moss-clothing-files-for-bankruptcy-1876670?gnewsid=db1c5a3920711da680ba744ef86a23c6

 

[Sarge]

Another one files,

http://www3.signonsandiego.com/stor...arratt-files-chapter-11-reorgan/?zIndex=28443

Our friends son owns a beauty shop. If what he told us Friday, is right, it looks like one in four businesses might go belly up next year. He hears all what is going on with the clients, and it is not looking good he said.

The Fed will not be able to stop what is likely coming down the pike. January could be an ugly month for filings.

 

[HOLLYWOOD]

Nationwide - Interstate/Highway famous: Flying J's Truckstops/Fuel Startions, Refineries, country stores... files bankruptcy

http://www.flyingj.com/flyingjPortalWebProject/flyingjPortal.portal;jsessionid=T6jvJXpLGh2t1dcZbpVhrfGHKvKQL2QkBYsLhfZYQWG8yrWh2CT7!1241961857!NONE?_nfpb=true&_pageLabel=flyingjPortal_portal_page_98

http://www.ttnews.com/articles/basetemplate.aspx?storyid=21023


Added other posted bankruptcies since last post

 

[Agent CSL]

Bump.

 

[DFF]

Flying J. I've stopped by there many times during road treks.

 

[amonasro]

on 12-22-08 Westgate Resorts in Orlando laidoff/fired 80% of its sales & marketing staff. Im so upset because all of the sale & marketing people basicly Starve all winter (sept, oct, nov, & dec) waiting for the two weeks of xmas & new years to earn their fall/winter incomes. Now 2 days before xmas they do this; the rug has been pulled out from underneath our feet at the very last minute with no oppertunity to find either another job or another resort to market for for the xmas holidays. Im so sad & upset at David Siegal, If he was going to do this, it should have been done weeks ago; NOT two days before xmas.

PS if anyone needs any attraction tickets my # 407-230-2757 Helena

So sorry to hear this Helena. My brother-in-law just had his health care cut from the cement truck company he works for during the summer. They have 2 young children. He's laid off in the winter, and now he gets this cheery news. Who knows how long the company will stay afloat as he lives near Detroit. I keep telling everyone that it doesn't feel like Christmas this year... I guess I know the reason why

 

[Agent CSL]

My job is based on keeping commercial buildings running (commercial HVAC). Looks like I'll lose my job in a few months when the rolling mall closures come.

 

[slacker921]

Constar International

http://www.bloomberg.com/apps/news?pid=20601087&sid=aBL16I9jOPWI&refer=home

Dec. 30 (Bloomberg) -- Constar International Inc., the Philadelphia-based plastic-bottle manufacturer, sought bankruptcy protection as part of a pre-arranged debt for equity exchange.

The company listed debt of $538 million and assets of $420 million in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware.

 

[HOLLYWOOD]

Updated the latest bankruptcies...

I presume we can put Bernie Madoff's company in the lot.

Last day for 2008!

Get your bankruptcies posted!

 

[jdmyprez_deo_vindice]

A Maryland based retail outfit that deals with jackets and sports coats is going belly up. I cannot remember the name of the company right off hand but they have been running some going out of business commercials with up to 90% of their stuff.