One of America’s most historic magazines is about to file for bankruptcy. Reader’s Digest has reached a deal with its investors on a restructuring plan that likely see the publication enter into a bankruptcy agreement in order to lower its debt.
What’s unusual is that the popular mag still has one of the biggest circulations in [...]

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Stephen Baldwin has filed for Chapter 11 Bankruptcy in the state of New York.  Court documents reveal that the actor has in excess of $2.3 million in debt and a mere $1.1 million in assets.
The 43-year-old Baldwin owes around $1.2 million on two unpaid mortgages on his property in New York and over $1.1 million [...]

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After our post went live the other day regarding Six Flags filing for bankruptcy, we received a note from Angel Aristone with Six Flags.
Here is that note, in its entirety…
We know that you and many of your readers have been seeing the news reports
about Six Flags’ bankruptcy filing earlier this weekend. We can assure [...]

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The Six Flags amusement park company has filed for chapter 11 bankruptcy in a Delaware court.
Six Flags owns theme parks across the United States, Mexico and Canada. The company has filed for chapter 11 bankruptcy so that it can reorganize and eliminate over $1.8 billion in debt. The company says that the bankruptcy won’t [...]

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If you gotta’ go, go with a bang.
Computer workstation and server company Silicon Graphics, founded in 1982 by Jim Clark, declared bankruptcy earlier today and sold itself to Rackable Systems. The price tag? $25 million. In the official filing, SGI listed debt totaling $526 million.
Aftershocks are already being felt as Rackable’s stock dropped [...]

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The recession of 2009 has claimed another victim.
Ritz Camera has filed for Chapter 11 bankruptcy protection.  The chain says the main reason is that sales were much lower than expected during the 2008 holiday season.
Chapter 11 bankruptcy is actually just a reorganization, which means that Ritz Camera will probably be around a while longer.  However, [...]

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