Archive | bankruptcy

Loot Crate Files for Bankruptcy and Lays Off Workers But Promises to Ship Remaining Boxes

Loot Crate was once the go-to company for monthly shipments of geek and gamer gear, but now its stock has run dry. The company is filing for bankruptcy and has laid off dozens of employees, on top of the 150 warehouse workers who were let go last month. Loot Crate plans to ship all remaining […]

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Loot Crate Files for Bankruptcy and Lays Off Workers But Promises to Ship Remaining Boxes

Loot Crate was once the go-to company for monthly shipments of geek and gamer gear, but now its stock has run dry. The company is filing for bankruptcy and has laid off dozens of employees, on top of the 150 warehouse workers who were let go last month. Loot Crate plans to ship all remaining […]

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Fyre documentaries on Hulu & Netflix complicate the festival’s bankruptcy case—potential subpoena is afoot

Fyre Festival‘s bankruptcy trustee, Gregory Messer, is working toward subpoenas for both Netflix and Hulu after both their respective documentaries were revealed to have mysterious exclusive footage. Reports had already been circling around that both streaming platforms had spent large sums in order to use this footage. According to bankruptcy law, if they payments had […]

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Fyre documentaries on Hulu & Netflix complicate the festival’s bankruptcy case—potential subpoena is afoot

Fyre Festival‘s bankruptcy trustee, Gregory Messer, is working toward subpoenas for both Netflix and Hulu after both their respective documentaries were revealed to have mysterious exclusive footage. Reports had already been circling around that both streaming platforms had spent large sums in order to use this footage. According to bankruptcy law, if they payments had […]

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Toys ‘R’ Us, RIP: One Last Trip To Toy Heaven

For nearly two decades, this pressure-washed-to-hell beige building in a strip mall off North Point Parkway in Alpharetta, GA has been one of my favorite places. Soon it will close its doors for good, along with the other 734 Toys ‘R’ Us locations across the United States. So I gathered up one of my children […]

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iHeartMedia officially files for chapter 11 bankruptcy

The largest radio broadcaster in the United States has officially filed for Chapter 11 bankruptcy. The filing comes after recent speculation that iHeartMedia had been preparing for bankruptcy, after shouldering a crippling and irresolvable figure of approximately $20 billion in debt — a sum that had proven problematic for the radio Goliath for a decade. “iHeartMedia […]

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Report: Bankruptcy imminent for iHeartMedia

The largest radio broadcaster in the United States, iHeartMedia will reportedly file for bankruptcy as early as the weekend of March 2-4. The mass media corporation has been preparing documents for the bankruptcy, according to Bloomberg. The bankruptcy arises as the product of iHeartMedia’s staggering debt, a figure that amounts to almost $20 billion. The […]

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Toys’R’Us Files For Chapter 11 Bankruptcy, But It’s Not Dead Yet

Faced with $5 billion in long-term investment debt and fierce competition from a rapidly-changing retail marketplace, toy and children’s goods retailer Toys’R’Us has filed for Chapter 11 bankruptcy. Don’t start mourning and sharing childhood memories just yet—it’s not the shutting down sort of bankruptcy.Read more… Continue Reading at http://kotaku.com

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Pemberton Music Festival unexpectedly announces cancellation with no refund

Pemberton Music Festival didn’t take long to establish itself as one of Canada’s biggest festivals. The British Columbian affair was known for its picturesque surrounding scenery and diverse, Coachella-esque lineup which featured a large roster of artists across the musical spectrum.Despite its incredible look on paper, the event has had a notoriously tattered past, having to […]

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Pemberton Music Festival unexpectedly announces cancellation with no refund

Pemberton Music Festival didn’t take long to establish itself as one of Canada’s biggest festivals. The British Columbian affair was known for its picturesque surrounding scenery and diverse, Coachella-esque lineup which featured a large roster of artists across the musical spectrum.Despite its incredible look on paper, the event has had a notoriously tattered past, having to […]

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