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Several Restaurants in Amarillo Have Filed for Bankruptcy

It seems that some restaurants here in the area are struggling and have been struggling.  In fact, two restaurant companies in Amarillo have filed for bankruptcy.

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Hastings changes store policies
Photo: Justin Massoud, Townsquare Media Lubbock
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Hastings to Close All Stores by October 31

It's official: Amarillo-based retailer Hastings will be liquidated and all 126 of its stores will shutter by October 31, 2016.

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kiss fm
kiss fm
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Hastings Entertainment To Stop Accepting Store Credit

As we heard not long ago, Hastings Entertainment has filed for bankruptcy.  That means a lot of changes will be happening, like being unable to use store credit or gift cards.

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Hastings changes store policies
Photo: Justin Massoud, Townsquare Media Lubbock
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Hastings President Speaks Out About Bankruptcy

The economy of Amarillo could be greatly affected.

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Hastings in Lubbock
Photo: Justin Massoud, Townsquare Media Lubbock
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Hastings Stores May Close as Company Files Chapter 11 Bankruptcy

Amarillo-based Hastings may shutter all 126 of its stores if the company can't locate additional investors or a buyer.

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First Female Chelsea Pensioner To Live On The Long Wards
Photo by Rob Stothard/Getty Images
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Owners Of Retirement Communities The Craig & The Canyons Files For Chapter 11

The owner's of The Craig and The Canyons retirement communities has filed for Chapter 11 bankruptcy.

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Sen. Rand Paul Speaks To The Detroit Economic Club
Photo by Bill Pugliano/Getty Images
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Detroit Bankrupcy Proceedings Reach Deal On Some Bonds

DETROIT (AP) — The city of Detroit has reached a deal on over $388 million in bonds — one component of the largest municipal bankruptcy filing in U.S. history.

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Supreme Court Hears Arguments On Case Involving Donor Limits To Political Campaigns
Photo by Drew Angerer/Getty Images
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Supreme Court Rules Bankruptcy Court Cannot Go After Certain Funds

WASHINGTON (AP) — The Supreme Court says a bankruptcy court may not go after property or funds that are legally exempt from creditors.

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Detroit Bus Drivers Hold Work Stoppage, Protest Working Conditions
Photo by Joshua Lott/Getty Images
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Detroit Manager Denies Bankruptcy Was In The Bag

DETROIT (AP) — Detroit's emergency manager is back in the witness chair in the city's bankruptcy trial, taking questions about emails that suggest lawyers were talking about a Chapter 9 filing months before it occurred.

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Detroit Bus Drivers Hold Work Stoppage, Protest Working Conditions
Photo by Joshua Lott/Getty Images
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Detroit EM Says Bankruptcy Filing Unavoidable

DETROIT (AP) — Detroit's state-appointed emergency manager says that a month before the city filed for bankruptcy he thought it could be avoided but only with concessions from creditors that never came.

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