bankruptcy Archives - Harlem World Magazine

Attorney General James Helps Secure $4.5 Billion From Sackler Family for Role in Fueling Opioid Crisis

New York Attorney General Letitia James today announced that she has secured more than $4.5 billion from the Sackler family and foundations that they control for their role in fueling the opioid crisis. Continue reading

Attorney General Letitia James’ Responds To NRA Dropping Countersuit

New York Attorney General Letitia James today released the following statement after the National Rifle Association (NRA) dropped a countersuit filed.Continue reading

Can You Get Out Of Debt Without Filing Bankruptcy?

Whether you are employed or you earn an income from doing business, there comes a time where borrowing is inevitable.Continue reading

Harlem Buildings Owned By Isaac Kassirer Moving Towards Bankruptcy

The year of the coronavirus has taken its toll on the real estate industry in ways that often seem unimaginable. Continue reading

AMC Secures $100 Million Investment, But It Says It Will Need More To Avoid Bankruptcy

AMC Theatres which has a Theatre on 124th Street West Harlem has secured a $100 million investment.Continue reading

The Best How To Skills In Launching A Business In A Crisis

The World Bank predicts the global economy will decline by more than 5.5% in 2020. Unemployment is at staggering levels. Continue reading

The Business Of Milk, The Legendary Borden Milk Company In Harlem NY 1899-1930’s

Back in the day, when you thought of Borden’s Milk Company, you may have thought of Elsie the cow, Elmer’s glue, Cracker Jacks, egg nog, Eagle Brand, and other products.Continue reading

The COVID Crisis: Ouch, Dunkin’ To Close 800 U.S. Locations In 2020

Dunkin’ announced on Thursday that it plans to permanently close approximately 800 U.S. locations based on the effects of the COVID crisis.Continue reading

With A Store In Harlem Lane Bryant And Others Files For Chapter 11 Bankruptcy

The parent company of Lane Bryant, Ann Taylor, LOFT, Justice, Catherines, and Lou & Grey -- ascena retail group, inc. -- is the latest retailer to take a fall from the COVID-19 pandemic and file for Chapter 11 bankruptcy protection.Continue reading

Food Bazaar Owner Makes Last-Minute Bid To Buy Harlem Fairway And Others

The owner of the supermarket chain Food Bazaar made a last-minute bid for Fairway Market's Douglaston location, which is on the brink of closing after going unclaimed at a bankruptcy auction earlier this year.Continue reading

GNC Files For Bankruptcy Due To COVID-19 And Declining Sales

Vitamin and dietary supplement company GNC has filed for bankruptcy. GNC cited, among other reasons, the financial toll of the COVID-19 pandemic. Continue reading

Report Says That Fairway Market In West Harlem Will Close This Fall 2020

The Harlem location of Fairway Market will close soon after a deal to buy the grocery store from its bankrupt parent company fell through, according to reports and public filings.Continue reading

Pier 1 Imports Wants To Close All Its Stores From Harlem To Hollywood For Good

The last we heard from home goods chain Pier 1 Imports was in February when the retailer filed for Chapter 11 bankruptcy and announced it would shutter 450 of its 942 stores. Continue reading

Statement From New York City Senator Brad Hoylman On The Boy Scouts Of America

Today, the Boy Scouts of America announced plans to file for Chapter 11 bankruptcy.Continue reading

From Harlem To Kips Bay Fairway Files For Bankruptcy And Starts Selling Its Stores

Fairway will begin selling off its grocery stores after declaring bankruptcy Thursday, court records show.Continue reading