Tag: bankruptcy
Posted in News
Student Debt Dogs Millennials for a Lifetime and Drags Down the Economy
The student debt problem is exploding, growing three times as fast as any other kind of debt, yet the Trump administration is making it more difficult for students to seek debt relief. Ellen Brown of…
Posted in News
Sears Bankruptcy Engineered to Benefit Executives and Stiff Workers
Executives of Sears stand to gain up to $1 million in bonuses, should Sears be liquidated, and $500,000 if it’s restructured. Meanwhile, ordinary workers at Sears are being laid off without severance payments. Bill Black…
Posted in News
Furniture company Mitchell Gold + Bob Williams went bankrupt overnight. Here’s how.
In 1989, Mitchell Gold and Bob Williams founded a furniture store bearing their names. The company became an American success story until last month, when the company went bankrupt. Now, $50 million in customer deposits…
