Files Confirmable Amended Plan of Reorganization and Disclosure Statement With Support of Major Stakeholders; Seeks to Emerge from Chapter 11 in Fall 2017
Have hired restructuring expert Houlihan Lokey as advisor, per Bloomberg
PenAir recently announced the termination of the Portland area regional routes as part of an immediate cost-cutting plan in the Pacific Northwest. All, but the EAS route in Crescent City, Portland, will be shut down effective close of business on Monday, August 7.
"The Chapter 7 Trustee greatly regrets the upset that Alfred Angelo’s July 14th bankruptcy filing has caused its customers," reads the statement on AlfredAngelo.com. "While we have been successful in obtaining customer records and delivering many dresses and accessories for customers all over the country, even after the bankruptcy filing date, it has now become apparent that the logistical and financial strain of fulfilling each and every open order makes continuing that course of action no longer possible. Thus, to the extent any order has not been fully delivered to a customer, it shall have to remain unfilled."
Pretty much everyone in media that sells advertising is struggling -- but tech giants like Google continue to rake in cash.
New filing today - 2 NYC medallions securing $1.24MM claim
Amazon Prime has room to grow with lower-income shoppers, which hold the smallest percentage of memberships today
The meal-kit company is spending more than $400 to recruit each new customer, despite making only $236 a customer a quarter
The acquisition follows the company's resurgence out of bankruptcy earlier this year