bankruptcy


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A report found that 45 percent of retailer bankruptcies over the past 15 years led to liquidation (Credit: iStock)

For retailers, bankruptcy more likely to end in liquidation

Nearly half of the major retailers that filed for bankruptcy protection over the past 15 years eventually shuttered all...

For retailers, bankruptcy more likely to end in liquidation
Fairway Market (Credit: Getty Images)

Fairway Market files for bankruptcy, plans to sell stores

Fairway Market has filed for Chapter 11 bankruptcy protection, a day after refuting a report that it was planning...

Fairway Market files for bankruptcy, plans to sell stores
Fairway Market (Credit: Getty Images)

Fairway says it isn’t shutting down, despite reports

Fairway Market has disputed an explosive report that it plans to shut down, writing on Twitter that it “has...

Fairway says it isn’t shutting down, despite reports
Ex-Barneys CEO Daniella Vitale (Credit: Getty Images, Google Maps)

Barneys’ lights still on, but workers left in dark

As Barneys rushes to liquidate its assets, the fate of its employees is uncertain. And they are not happy...

Barneys’ lights still on, but workers left in dark
55-59 Chrystie Street and Rosewood Realty's Greg Corbin (Credit: Google Maps)

Chinatown mixed-use building heads to bankruptcy auction

A mixed-use property in Chinatown will be auctioned off at the end of January after its owner failed to...

Chinatown mixed-use building heads to bankruptcy auction
227 Grand Street in Williamsburg and Michael Lichtenstein of Heritage Equity Partners (Credit: Google Maps, Heritage Equity Partners)

It’s bankruptcy time for Michael Lichtenstein LLC in Williamsburg

Michael Lichtenstein has filed for Chapter 11 bankruptcy at an apartment building in Williamsburg, but said he plans to...

It’s bankruptcy time for Michael Lichtenstein LLC in Williamsburg
Barney's at 660 Madison Avenue with Ashkenazy Acquisition Corporation's Daniel Levy (Credit: Getty Images, LinkedIn)

Barneys’ flagship Madison Avenue spot will stay open — but with a smaller footprint

Barneys New York’s iconic location on Madison Avenue will stay open for at least the next 12 months —...

Barneys’ flagship Madison Avenue spot will stay open — but with a smaller footprint
(Credit: iStock)

It’s over for Barneys: Luxury retailer to be sold, stores closed

It’s official: Barneys will be sold to Authentic Brands Group and B. Riley for about $270 million. The deal,...

It’s over for Barneys: Luxury retailer to be sold, stores closed
Forever 21 owes these five mall owners $20.9 million, bankruptcy court records show.

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead

When South Korean immigrants Jin Sook and Do Won Chang landed at Los Angeles International Airport in 1981, they had nothing. The couple eventually...

For mall owners like Simon, Brookfield and Vornado, Forever 21 bankruptcy signals more trouble ahead
Blackstone President and COO Jonathan Gray and Stearns Lending CEO David Schneider (Credit: Getty Images)

Blackstone-backed mortgage lender Stearns files for bankruptcy

Stearns Holdings, the parent company of residential mortgage lender Stearns Lending, filed for Chapter 11 protection Tuesday morning after...

Blackstone-backed mortgage lender Stearns files for bankruptcy
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