Walt Disney Bankruptcy

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In the world of entrepreneurs there are legendary men and women who pioneered their industries and built empires that last to this very day. One of these legends is Walt Disney, father of the leading multimillion dollar multinational entertainment conglomerate. Not everyone knows about Walt Disney’s first company Laugh o Gram Film whose studios were located in Kansas City, Missouri. In the early Nineteenth Century […] Read more »

Oreck Corporation Files Chapter 11 Bankruptcy

Oreck, a nationally known vacuum company founded in in 1963 by David Oreck has filed for Chapter 11 bankruptcy protection, and could reach an agreement to sell its assets in a matter of days, according to court filings. Oreck sells its products in hundreds of Oreck Clean Home Centers, through major retailers, and through phone and online direct sales. The company distributes products in the […] Read more »

Chapter 11 Bankruptcy

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Chapter 11 permits reorganization under the bankruptcy laws of the United States. Chapter 11 bankruptcy is available to every business, whether organized as a corporation or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. When a business is unable to service its debt or pay its creditors, the business or its creditors can file with a federal bankruptcy court […] Read more »