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Bankruptcy

Is Mom Broke?

According to the National Council on Aging, more than 13 million older adults are considered economically insecure, living on less than $22,000 a year.

WBZ NewsRadio 1030–2013/05/08

Mihos Files For Bankruptcy On Behalf Of Christy’s

A company owned by former Massachusetts candidate for governor and convenience store magnate Christy Mihos has filed for bankruptcy after racking up as much as $10 million in debt.

2013/02/02

Hostess Says Talks To Stave Off Shutdown Fail

The maker of Twinkies and Ding Dongs said late Tuesday that it failed to reach an agreement with its second-biggest union.

2012/11/20

Bankruptcy Judge Delays Hostess Brands’ Attempt To Sell Off Assets

Hostess attorneys wanted permission to close down operations and start laying off more than 18,000 employees across the company.

2012/11/19

300 Hostess Jobs Lost In Massachusetts

About 300 jobs have reportedly been eliminated in Massachusetts as Hostess Brands Inc. goes out of business.

2012/11/16

Hostess, Maker Of Twinkies, Ding Dongs, Wonder Bread, Going Out Of Business

Hostess, the maker of Twinkies and Wonder Bread, is going out of business, closing plants, laying off its 18,500 workers and putting its brands up for sale.

2012/11/16

The Upper Crust (Photo from Facebook page)

Most Upper Crust Restaurants Are Abruptly Closed

The move comes just days after a trustee was appointed to oversee the bankruptcy filing of the company. The decision leaves 170 people without work.

2012/11/13

Several of the items for sale at a Studio 38 auction. (Photo Credit: sjcorio.com)

1800 Items From Schilling’s 38 Studios Set To Be Auctioned Off In Providence

About 1800 items from Curt Schilling’s bankrupt video gaming company 38 Studios are set to be auctioned off on Tuesday in Providence.

2012/10/20

Upper Crust Files For Bankruptcy Protection

Upper Crust filed for Chapter 11 protection, after defaulting on a bank loan of more than $3 million.

2012/10/09

Worcester Tornadoes Booted From Can-Am League

After several weeks where the Worcester Tornadoes’ financial troubles had become increasingly publicized, the team’s membership with the Can-Am League has been terminated until it can find more financially stable ownership.

2012/08/31

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