Bankruptcy

Reports–Sears Preparing to File Chapter 11 Bankruptcy
Tuesday night, the Wall Street Journal reported Sears Holdings (the parent company of Sears and K-Mart) has hired a firm to being bankruptcy proceedings.
The report, which came after the markets closed on Wall Street, says Sears has hired M-III Partners to prepare the move, which could come as early …
Save Our Twinkies! Hostess Files Chapter 11
First Kodak, and now another American legend files for bankruptcy.  According to the Wall Street Journal if the Hostess Company and Unions can't come to a compromise those cream filled Twinkies and other delicious products could be a thing of the past.