March 2021

Student loan borrowers in the United States collectively owe nearly $ 1.5 trillion in student debt and, according to the Brookings Institute, nearly 40% of borrowers will default on their student loans by 2023.Right now, it's nearly…

The car is idle in the Hertz Rent-A-Car rental lot at San Francisco International Airport on April 30, 2020 in San Francisco, California.Justin Sullivan | Getty ImagesHertz on Monday raised doubts about the going concern of the car rental…

AMC Entertainment, the world's largest movie theater chain, has raised $ 917 million "to get through this dark coronavirus-hit winter," in the company's (dramatic) words. As a result, President and CEO Adam Aron said Monday that "any…

The bonds backed by Hertz Global Holdings Inc.'s rental car fleet had the same credit rating as the U.S. government just a few weeks ago. Today, the company's financial difficulties raise concerns that investors are heading for a loss. The…

The word “bankruptcy” comes with dark undertones: J.Crew announced that he was filing for Chapter 11 bankruptcy last week, for example, and immediately received instant praise, ours included. During the weekend, my mother lamented that she…

PREIT CEO Joseph Coradino and CBL Properties Founder Charles B. Lebovitz with the Fashion District in downtown Philadelphia and the Burnsville Center Mall in Minneapolis (Google Maps) The Covid-accelerated retail apocalypse has claimed…

Mayor Fischer's office said Louisville was "not at all close to declaring bankruptcy" and was dependent on help from the federal government. LOUISVILLE, Ky. - The city of Derby can't wait to move on to a new…

How to fly got so horrible…

The new chairman of the Federal Reserve has asked why troubled borrowers cannot pay off their student loans in bankruptcy. "Alone among all kinds of debt, we do not allow student loan debt to be discharged in…

It has been nearly two months since most of California's non-essential businesses were closed, and everything from national retail chains to beloved local restaurants are being forced to make tough decisions. Last week Gold's Gym announced…