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"Progress has been made by Borders Group over recent quarters within the challenging economy to reduce debt, improve cash flow, cut expenses, enhance inventory productivity, and improve margins, but it is imperative that the company more aggressively attack these initiatives to address its long-term future," chairman Larry Pollock says.
[Source: internetretailer] Goody's to liquidate -- No longer able to keep its head above water after a tough holiday season, Goody's Family Clothing Inc.
Court decisions have been inconsistent as to whether a debtor is required to pay “stub rent” under Section 365(d)(3) or any other provision of the Bankruptcy Code.
Over the course of the last several years, two schools of thought have emerged regarding the payment of “stub rent." The first approach courts have followed regarding the payment of “stub rent” is the “proration” approach.
She said she came to buy the TV after she heard that the stores were closing.
Borders announces new CEO -- Following a disappointing season in which holiday sales fell 12 percent, Borders Group Inc.
The Delaware Bankruptcy Insider is a premier blog designed to bring its readers a comprehensive analysis of the latest Delaware corporate bankruptcy news and rulings. The IRS did not file a proof of claim related to the pre-petition liability and thus, according to the debtors, the confirmed plan barred the IRS’s application and collection.
Federal Courts App (i Tunes) Federal Courts App (Google Play) The Bankruptcy Code Delaware Bankruptcy Court Delaware Bankruptcy Court - Local Rules and Orders Delaware District Court Third Circuit Court of Appeals U. Supreme Court The United States Courts Office of the United States Trustee for the Third Circuit Delaware Bankruptcy American Inn of Court Karen B. The debtors objected to the IRS’s application of the Withheld Amounts to the Employer Liability.
Circuit City became the largest retailer to fall victim to the expanding financial crisis Friday, announcing it will shut down its remaining 567 U. stores at the cost of 34,000 more jobs after failing to sell the business. Wurtzel and himself a former chief executive of Circuit City.For example, under the “billing date” approach, if a debtor files a bankruptcy case on the fifth day of a month, but the lease provides that rent is on the first day of each month, only the rent due for each successive month after the filing would have to be paid under Section 365(d)(3).The payment of “stub rent” is a particularly significant issue in jurisdictions which follow the “billing date” rule. You may give out your own numbers among yourselves and we will follow yours when we show up. Please be kind and do not wreak the house when searching. More photos going up in a few days when we set up tables . To maintain civil order customers will need a number to get inside the house. Sale has been moved to SUNDAY please make a note of this.