Remington Outdoor, Co. (remington Arms) Set to File Chapter 11 Bankruptcy

Iconic arms manufacturer Remington Outdoor Company (operated for nearly two hundred years as the Remington Arms Company) is on the brink of filing a voluntary petition for Chapter 11 bankruptcy. Remington Outdoor is headquartered in Madison, NC. The company’s original intent was to begin solicitation for the plan on March 5, 2018, with the bankruptcy filing to follow on March 7th. Those dates were set back one week (March 12th for start of solicitation and March 14th for filing for Chapter 11 protection) after Bank Read More +

Bon-ton Stores, Inc. – Demise or New Lease on Life After Chapter 11 Bankruptcy Filing?

Earlier this week, The Bon-Ton Stores, Inc. took its multi-chain brand of department stores into Chapter 11 bankruptcy. The action makes the regional chain of department stores the largest retailer to seek such protection this year. CNBC reported, in the immediate aftermath of the Chapter 11 filing,that the chain “…has been burdened with massive debt as it has struggled to grow sales and move operations online in the face of Amazon”. In 2017, approximately twenty major retail chains, including The Limited, Radio Shack, Hhgregg, Gordman’s, Read More +

Gibson Guitar & Bankruptcy: Something to ‘fret’ About?

Numerous reports circulating in the past several days point to ominous signs for the future of iconic guitar maker The Gibson Guitar Company(known since 2013 by its current corporate name, Gibson Brands, Inc.). Many of the recent reports center on the company’s bond and loan debt that carry significant payments that are imminently due in 2018. The Nashville, TN companywas founded by Orville Gibson toward the end of the 19th century. Initially, Orville Gibson built and sold single-piece mandolins – on which he held a Read More +

Chapter 9 Bankruptcy: Hartford, Detroit, Et Al

The mayor of Hartford, Connecticut, Luke Bronin has been intimating for a number of months that the city may need to file Chapter 9 bankruptcy. Chapter 9 bankruptcy is a form of bankruptcy where a municipality can seek to reorganize its debts, and arrange such debts in a reduced payment over a period of years. According to reports, Hartford currently has a $65 million dollar deficit and has problems meeting its obligations, including upcoming shortfalls in revenue of $7 million in November, 2017 and $39.2 Read More +

A Brief Introduction to Lakeland, Florida

LAKELAND, FLORIDA EARLY HISTORY The Paleo-Indians came to the area known as central Florida and what is today known as Lakeland, Florida around the time of the end of the last ice age, according to Wikipedia.  It is estimated that such pre Colombian cultures existed in the Lakeland area almost 12,000 years ago.  According to this source, the Indians came to this area because they were searching for hunting and game opportunities.  The Indians stayed and their communities grew. According to such sources, when the Read More +

University of Minnesota Eeoc Report on Football Players’ Rape Allegations

The University of Minnesota conducted its own investigation of the football players who are alleged to have participated in the sexual assault of the 22 year old female college student, on September 2, 2016.  The University’s Office of Equal Opportunity and Affirmative Action (EOAA) after a federally mandated investigation, compiled an 82 page report, which aggregates the accusations against the players alleged to have participated in the sexual assault. The EEOA report varies dramatically from the report delivered by the Minneapolis Police Department, which found, Read More +