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Quiznos Goes Bankrupt. Is This Really Surprising?

Quiznos Goes Bankrupt. Is This Really Surprising?

By Toni Matthews-El March 15, 2014

Fast food chain Quiznos announced on Friday that it had filed for Chapter 11 bankruptcy in Delaware. The news comes within a week of pizza chain Sbarro’s filing bankruptcy papers in Manhattan, N.Y. With fast food chains filing for bankruptcy …

Fisker Automotive Files for Bankruptcy Fisker Automotive Files for Bankruptcy
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Fisker Automotive, maker of the “Karma” plug-in electric hybrid luxury sedan, filed for bankruptcy protection last week, marking an end to a chain of failure that began after the company received a $529 million loan commitment from the U.S. Department …

Aaron Carter Has Filed for Bankruptcy Aaron Carter Has Filed for Bankruptcy
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After accruing more than $2 million in debt, Aaron Carter has made the tough decision to file bankruptcy. Bankruptcy never sounds like a good thing, however Carter’s publicist, Steve Honig, says it is a positive step for Carter, and will …

BlockBuster U.K. Enters Administration, Again BlockBuster U.K. Enters Administration, Again

In January of this year, Blockbuster U.K. announced that it was entering administration, the British version of a bankruptcy filing. The company began closing dozens of its stores and laid off hundreds of employees while getting into shape for a …

Arcapita Bahrain US Bankruptcy Exit a 1st for US Arcapita Bahrain US Bankruptcy Exit a 1st for US

Arcapita, an Islamic investment firm in Bahrain, emerged from US bankruptcy today under Chapter 11 rules. It is the first of the Gulf companies to do so. This move may help clarify how Western courts deal with Islamic finance, marking …

Kodak Bankruptcy: Company’s B2B Transition Kodak Bankruptcy: Company’s B2B Transition
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Eastman Kodak Company, in a 20 August decision filed by the US Bankruptcy Court for the Southern District of New York, received approval for a reorganization plan that may eject Kodak from Chapter 11 bankruptcy as soon as 3 September. …

Michigan AG Backs Pensioners in Detroit Case Michigan AG Backs Pensioners in Detroit Case

According to The Daily News, Michigan’s Attorney General has come out on the side of retirees in Detroit who stand to lose big time if the city goes ahead with its bankruptcy plans. Republican Bill Schuette said the state’s constitution …

Man Goes Bankrupt Investing in Beanie Babies Man Goes Bankrupt Investing in Beanie Babies

In an interview with Dazed Digital, one man tells the story of how his father spent all his family’s money to “invest” in the Beanie Baby craze, and in the end lost $100,000 on the crazy market idea. Back in …

Detroit Pension Fund Files Suit to Stop Bankruptcy Detroit Pension Fund Files Suit to Stop Bankruptcy

Detroit has been beaten every which way over the past few years. The economic downturn of 2008 and beyond has left huge parts of the city a shell of its former self. In an effort to get the city out …

Twinkies Are Coming Back! But You’ll Have To Wait Twinkies Are Coming Back! But You’ll Have To Wait

Twinkies are coming back to a grocer’s shelf near you after a brief hiatus that actually felt like an eternity, amirite? Metropoulos & Co., one of the companies that bought the rights to several Hostess items when they went bankrupt …

Sinbad: Bankrupt And $8 Million In Debt Sinbad: Bankrupt And $8 Million In Debt
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Sinbad, the popular ’90s comedian and sitcom star, is reportedly into the IRS for some major money, and filed for bankruptcy in April The 53-year old actor allegedly owes more than $8 million to the IRS and several hundred thousand …

Oreck: Bankruptcy Filed, Buyer Sought Oreck: Bankruptcy Filed, Buyer Sought
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Oreck Corporation, the vacuum cleaner and air purifier manufacturer, has filed for chapter 11 bankruptcy. The Tennessee company announced the bankruptcy on its website, stating that it will be consolidating its assets and restructuring as a part of the move. …

Casey Anthony Mobbed by Media Circus Casey Anthony Mobbed by Media Circus

Casey Anthony, the woman acquitted of the murder of her daughter, Caylee Anthony, in 2011, today arrived at a federal courthouse in Florida to attend a bankruptcy hearing. As soon as she stepped from her car, she was swarmed by …

Casey Anthony Bankruptcy Hearing Being Held Today Casey Anthony Bankruptcy Hearing Being Held Today
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Casey Anthony, the woman famously acquitted of the murder of her daughter, Caylee Anthony, is back in a Florida courtroom, this time to face a bankruptcy case. Anthony has been in hiding since the end of the trial, appearing only …

THQ Sold: Studios, Games Go to Sega, Ubisoft, Others THQ Sold: Studios, Games Go to Sega, Ubisoft, Others

The feeding frenzy over THQ took place yesterday, but no news of the event had leaked out until now. Kotaku has published an internal THQ memo from THQ CEO Brian Farrell and President Jason Rubin that details the sale of …

Atari's U.S. Branch Files For Chapter 11 Bankruptcy Atari's U.S. Branch Files For Chapter 11 Bankruptcy

Atari is one of the most well known brands in the gaming industry. That being said, the company now known as Atari hasn’t been associated with a hit for a long time. The modern gaming industry has not been kind …

Blockbuster U.K. Enters Administration Blockbuster U.K. Enters Administration

Coming just one day after U.K. electronics retailer HMV announced it would seek administration, auditing firm Deloitte has announced that it has been commissioned to administrate Blockbuster U.K. Deloitte was also mentioned as a possible administrator for HMV. Deloitte claims …