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A newly closed Mattress Firm store in Oceanside is among 99 locations in the retailer’s second round of closures as part of its bankruptcy protection filing. The 4,000-square-foot store, which was once a Sleepy's — the Hicksville-based mattress retail chain was acquired for $780 million by Mattress Firm two years ago — was located on 3150 Long Beach Rd. The property is [...]

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A Tennessee coal mining company that filed for bankruptcy this week is the second coal company to go bankrupt during Donald Trump's pro-coal presidency. It's also the fifth U.S. coal industry bankruptcy in the last three years as competitors in the energy market continue to drive coal into the dust pile. Mission Coal, an operator of three mines in West Virginia and [...]

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The nation's leading wedding retailer is flirting with the possibility of bankruptcy protection, which often involves some store closures, after skipping a key debt payment. David's Bridal, whose tight grip on the wedding business has loosened in recent years amid digital competition and declining marriage rates, failed to make a key loan payment Monday. That move served as a warning to creditors [...]

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New York (CNN Business)Sears, the once-dominant retail chain that changed how Americans shopped and lived, has filed for bankruptcy. The 132-year-old company has been struggling for several years and is drowning in debt. The final straw was a $134 million debt payment due Monday that it could not afford. Sears Holdings (SHLD), the parent company of Sears and Kmart, is among dozens [...]

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Clinton Portis filed for Chapter 11 bankruptcy in November. And the filings, published by Deadspin, reveal that the former NFL running back owes a lot of money to a lot of people including his mom. Portis's debt to creditors, in total, adds up to $4,857,659.50 — a number equivalent to more than 11 percent of Portis's total earnings in a nine-year, NFL [...]

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To see the Photo Gallery of Athletes who went Bankrupt please click HERE [...]

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Troubled teen apparel retailer American Apparel Inc filed for bankruptcy protection on Monday and said it had reached a restructuring support agreement with 95 percent of its secured lenders. "This restructuring will enable American Apparel to become a stronger, more vibrant company," Chief Executive Paula Schneider said in a statement. The company listed assets and liabilities of between $100 million and $500 [...]

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