Posts Tagged: bankruptcy

JC Penney

JC Penney Rescued From Bankruptcy

JC Penney is getting a last-minute buyer who will pull the beleaguered retail chain out of bankruptcy.  The company is negotiating with mall owners Simon Property Group and Brookfield Property Partners to purchase the chain, a move that could save as many as 70,000 jobs.  JC Penney filed for Chapter 11 bankruptcy back in May,… Read more »

Da Brat

Da Brat Files for Bankruptcy Could Face Jail Time

Da Brat files for Bankruptcy.  Sometimes you think people have these glamourous lives and then you see news like this.   Da Brat whose real name is Shawntae  Harris has filed for bankruptcy.  Sources say she is well over $7 million dollars in debt.   Most of that debt comes from a $6.4 million dollar… Read more »