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.
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.
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.
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.
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.