Bankruptcy

Nothing is for sure yet, but this can't be good.

J.C. Penney announced that they would be permanently closing 242 stores as part of their recent bankruptcy.

We now have a glimpse of what went wrong for the once-proud, family-run business.

Another major mall giant is going under and if you are young, hip and frugal this one's gonna hurt.

The chain has 16 stores throughout Michigan, including one in Flint Township at the mall.

On Thursday, the Michigan House of Representatives approved a package worth just under $195 million that would aid Detroit in its attempt to emerge from bankruptcy.

Michigan's largest city has filed for Chapter Nine bankruptcy protection. Struggling with billions of dollars in debt after decades of mismanagement, Detroit is the largest city in the history of the United States to file.

It's an iconic brand name and a staple in every school kid's lunch box, but stock up now because production has been called to a halt as of today!

We could be getting near the end of the road for a few of our old time favorite American snack cakes.

Another iconic American brand is navigating troubled financial waters as Kodak has filed Chapter 11 bankruptcy. Despite $4 billion in annual sales, Kodak is struggling with legacy costs and low-cost digital competition. For many decades Kodak was THE name for film and photographic paper. Chances are good that you have some old snapshots in an album at home on Kodak paper.

According to the Wall Street Journal, the company that makes Twinkies and Wonder Bread is preparing to file for Chapter 11 bankruptcy protection as early as this week. This would be the second time that Hostess Brands, Inc. has filed for bankruptcy in less than a decade.