Format Update on August 18, 2018
Last week I wrote that Toys “R” Us was filing for bankruptcy, but, now after not being able to find a buyer, it is likely every store will be closed.
Initially, it was believed less than two hundred stores would be closed, but that seems inevitable at this point.
IHeartMedia, Inc. is likely to file for bankruptcy within the next couple of weeks since it has been unable to make their debt payments.
Three Catholic institutions in Minnesota have filed for bankruptcy due to sexual abuse claims and now there is a fourth: the Catholic Diocese of St. Cloud.
Multiple media outlets are reporting that the Weinstein Company will be filing for bankruptcy after being unable to obtain financing.
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