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The Woodlands-based Conn’s HomePlus files for bankruptcy, closing stores nationwide
Read full article: The Woodlands-based Conn’s HomePlus files for bankruptcy, closing stores nationwideConn’s HomePlus, a home good retailer headquartered in The Woodlands, is closing stores across the country after filing for bankruptcy.
11th hour bankruptcy filing cancels auction of secretly stored African Art in Harris County
Read full article: 11th hour bankruptcy filing cancels auction of secretly stored African Art in Harris CountyKPRC 2 Investigates uncovered the secretly stored art in a Harris County maintenance shed. Hundreds of thousands of dollars were spent to makeover the shed and store art under the control of Commissioner Rodney Ellis.
‘Our goal is to make you proud’: Houston’s Turkey Leg Hut owner issues statement after declaring bankruptcy
Read full article: ‘Our goal is to make you proud’: Houston’s Turkey Leg Hut owner issues statement after declaring bankruptcyOwner Nakia Holmes took to social media to announce the company's bankruptcy amid a series of struggles surrounding the restaurant.
Instant Pot and Pyrex parent company files for bankruptcy, but vows to continue sales
Read full article: Instant Pot and Pyrex parent company files for bankruptcy, but vows to continue salesThe parent company of Instant Pot and Pyrex has filed for Chapter 11 bankruptcy protection, citing “global macroeconomic and geopolitical challenges” that have affected its business.
Griddy customers don’t have to pay huge bills from February freeze
Read full article: Griddy customers don’t have to pay huge bills from February freezeFormer customers of Griddy Energy are off the hook. A settlement between the Texas Attorney General and the wholesale electric provider means customers stuck with huge bills from the February freeze won't have to pay a dime.
Boy Scouts get conditional approval of $850M bankruptcy deal
Read full article: Boy Scouts get conditional approval of $850M bankruptcy dealA bankruptcy judge has approved a proposal by the Boy Scouts of America to set up an $850 million fund to compensate tens of thousands of men who say they were sexually abused as youngsters by scout leaders.
Alamo Drafthouse files for Chapter 11 bankruptcy, announces deal to sell assets, reports say
Read full article: Alamo Drafthouse files for Chapter 11 bankruptcy, announces deal to sell assets, reports sayThey say all good things must come to an end, but we are hoping this theater franchise can withstand the harsh effects of the pandemic. Alamo Drafthouse, the theater chain known for its food and drink servicing options while guests enjoy a good film, is filing for Chapter 11 bankruptcy protection, according to The Hollywood Reporter. According to The Hollywood Reporter, the theater franchise is entering into a “restructuring agreement” and plans to sell assets to Altamont Capital and Fortress Investment Group. Tim League, a founder of Alamo Drafthouse and its executive chairman, will also be among the buyers, The Hollywood Reporter said. The deal will hopefully allow the theaters to survive beyond the pandemic.
Closing sales start at some JCPenney stores
Read full article: Closing sales start at some JCPenney stores(CNN) – The end is near for about one out of every six JCPenney stores. With many stores closed because of health concerns in late March and throughout April, some bankruptcy filings were delayed because of the inability to hold store closing sales, according to industry experts. The flood of retail bankrupticies that started in May, as businesses were allowed to reopen, could continue to pick-up steam now that store closing sales are again possible. With the 120 stores reopening Wednesday, JCPenney now has virtually its entire network of stores open again. The widespread store closing sales at JCPenney is further bad news for rivals such as Macy's, Sears and Kohl's, which now must compete with rock-bottom prices at many JCPenney stores.
Bride-to-be spent $12K for Katy venue that shut its doors, putting her wedding day at risk
Read full article: Bride-to-be spent $12K for Katy venue that shut its doors, putting her wedding day at riskThe bride-to-be said Noah’s Event Venue, the location of her wedding, unexpectedly closed without any sort of notification. She said she has paid Noah’s Event Venue about $12,000 for the space and bar, which includes nearly $5,000 two weeks ago. Noah’s Event Venue is a do-it-yourself type of venue, Gonzalez said, meaning they had to find their own vendors. A national bridal issueThis is not the first time Noah’s Event Venue has left brides scrambling. KPRC 2 has reached out to Noah’s Event Venue but has not heard back.