Just like many Americans, the maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat.
Saab has filed for bankruptcy, now that the company’s last hope to nail down financing from a Chinese company fell apart.
While not unexpected, the Chapter 11 bankruptcy filing by American Airlines is a jolt to the aviation industry and airports in New England.
Filene’s Basement has filed for Chapter 11 bankruptcy protection and plans to liquidate their operations.
On the heels of Solyndra’s bankruptcy, a Massachusetts-based alternative energy company is also filing for Chapter 11.
Facing mounting debt, the Friendly’s ice cream chain headquartered in Wilbraham has filed for Chapter 11 bankruptcy protection.
Friendly’s filed for Chapter 11 bankruptcy Wednesday morning and it’s shutting down several restaurants in Massachusetts.
In all, there will be 63 Friendly’s restaurants closed down across the country.
Friendly’s is reportedly in talks with Wells Fargo bank for about $70 million in financing that would keep the chain of 500 restaurants operating during its bankruptcy.
Central Falls, Rhode Island is on the cusp of declaring bankruptcy.