If you need to close your company, there are costs involved which often need to be borne by the directors. However better this than waiting for a winding up order and risk being left liable for company debts. If a company needs to be closed because it is unable to pay its creditors and is [...]
N.J. Senate Passes Measures to Close Pension Deficit (Update2)
New Jersey’s Senate passed a package of bills aimed at closing a $34.4 billion hole in the state pension by excluding part-time workers from the system, reducing benefits and forcing teachers to pay more for health care.
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4 former Penn Traffic supermarkets to close
SYRACUSE – Four former Penn Traffic supermarkets in three states will soon be closed under the new owner, Tops Friendly Markets.
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Warehouse 11 Close to Chapter 11
It’s a Warehouse sale in williamsburg’s Northside, but it’s not vintage clothes or junk store goods that are getting marked down from their original value.On February 5, a judge with the U.S. Bankruptcy Court Eastern District rejected an initial agreement between the developers of the…
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Hollywood Video locations set to close
Hollywood Video, 1699 Schofield Ave. in Weston, and the Stevens Point store at 3296 Church St., are going out of business according to its Oregon-based parent company. The store closings come on the heels of owner Movie Gallery Inc., filing for Chapter 11 bankruptcy protection Feb. 2. The company is [...]
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