CLEVELAND – After trying to stave off a decade straight of unprofitable years, the inevitable has finally happened: the parent company of Sears and K-Mart filed for Chapter 11 bankruptcy protection Monday morning. As a result, more than 100 stores will shutter at the end of the year, including the Kmart store in Middleburg Heights, […]
The once-great department store was started in 1886 before moving to Chicago a year later. Its catalog was a game changer in the shopping industry, launching in 1896. Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy. The 132-year-old company has been struggling for several years and […]
(RNN) – Toys ‘R’ Us is reportedly closing all its U.S. stores next week after the bankrupt company was not able to find a buyer, according to Bloomberg News. The U.S. branch of the company hoped to find a buyer or work out a debt restructuring deal, and unnamed sources are leaking to business outlets that […]
Damn, Gina! Things aren’t looking financially good for the Martin family. Tisha Campbell-Martin and her husband Duane Martin have filed for Chapter 7 bankruptcy, The Daily Mail reports. Though the couple allegedly brings in almost $8K a month, their monthly expenses come out to $16,953 a month. While their on hand cash may be light, […]
For some reason, 50 Cent is hell-bent on making sure everyone knows he isn’t broke – even after he filed for bankruptcy. The Get Rich Or Die Tryin‘ rapper and entrepreneur has been flashing money all over his Instagram accounts, and now a judge wants to reevaluate his financial situation to see if he was […]
NewsOne’s Top 5 takes a quick look at the stories trending on NewsOne.com that you are talking about. Rapper 50 Cent Files For Chapter 11…
Dionne Warwick arrives at the 1st annual unite4:humanity event at the Sony Pictures Studios in Los Angeles, February 27, 2014 *Dionne Warwick is set to have her debts cleared after filing for bankruptcy last year. The 73-year-old vocalist was declared bankrupt at the U.S. Bankruptcy Court in Newark, New Jersey last year after running up […]
Singer Rihanna is known for making grand purchases, but back in 2009, Rihanna almost found herself in the middle of a bankruptcy case thanks to…
Afeni Shakur, mother of deceased rapper Tupac Shakur, has reached a settlement over the $2.2 million she said her son’s estate is owed in the bankruptcy case of Death Row Records founder Marion “Suge” Knight. Earlier this month, a bankruptcy judge ruled that Afeni will receive a claim of $668,121.76 in Suge Knight’s bankruptcy case. […]
*When DMX got busted last week in South Carolina for driving without a license, dash-cam video showed – and he confirmed when asked by the state trooper what kind of car he was driving – an old beat up 1978 Plymouth station wagon. It’s obvious X has fallen on some hard times. Now, according to […]
I’m angered that Kevyn Orr, Detroit’s emergency manager, would approve the city’s plans to spend $400 million to build a new hockey arena when the…
*Toni Braxton lost ownership of more than two dozen tunes that made her famous because someone acquired them when she filed for bankruptcy, according to TMZ. Braxton struck a deal in her bankruptcy case, in which she settled with her various debtors. Part of the deal allows Toni to buy back 27 songs from her […]