bankruptcy

Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy
Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy
Citing the economic downtown and rising food costs, the parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and closed 63 underperforming stores. The 76-year-old franchise, based in Wilbraham, Massachusetts and known for its ice cream and hamburgers, will continue to operate more than 400 restaurants as it restructures.
Kodak Preps For Bankruptcy
Kodak Preps For Bankruptcy
Historically, changing technology has left many innovative companies in the dark as progress marches on;  It appears that this fate might be waiting for the Kodak film company. Eastman Kodak (EK) has hired law firm Jones Day for restructuring advice as it faces growing concerns from investors over its turnaround prospects, The Wall Street Journal reported this afternoon...