Chapter 11 Plan Better Than Bids for Toys ‘R’ Us

The top lenders of Toys ‘R’ Us have decided to cancel the bankruptcy auction of its brand name and other intellectual property assets and instead plan to revive the Toys ‘R’ Us and Babies ‘R’ Us brand names, a court filing on Monday showed. Toys “R” Us had filed for Chapter 11 bankruptcy protection in … Continue reading Chapter 11 Plan Better Than Bids for Toys ‘R’ Us

From Trump to 50 Cent, Bankruptcy Protection has been Quite a Useful Tool

Donald Trump isn’t the only one (though he has probably been the most politically vilified) who has taken advantage of the bankruptcy courts in the United States.  Actually, that’s not exactly correct.  Trump himself has never filed for bankruptcy.  His corporations have filed for Chapter 11 bankruptcy four times. In 1991, for example, Trump's Taj … Continue reading From Trump to 50 Cent, Bankruptcy Protection has been Quite a Useful Tool