It makes sense.
News
1 Panic, Manic Monday: What's Up on Wall Street
consumerism
2 Mrs. Fields Is Bankrupt — No Wonder Mall Mania Is Over!
Quiz
3 What Do You Know About Reader's Digest?
Toms Shoes
4 American Apparel vs. Toms Shoes: Do CEOs Affect Your Buys?
Holiday
5 Linens 'N Things Holiday-Going-Out-of-Business Sales
News
6 Bummer: Blockbuster Going Bust
Money
7 News Flash: Money Is on Everybody's Mind
Celebrity
8 Toni Braxton May Be Drowning Under $50 Million Debt
Quiz
9 What Company Filed the Biggest Bankruptcy in US History?
Blockbuster
10 The Most Shocking Effect of the Recession in 2010
Business
11 Heads Up: Linens 'N Things Liquidations Could Start Today
gift cards
12 Favorite Store Going Out of Business? Follow These Tips
Maxed Out
13 Maxed Out: Single Mom Faces Eviction
Poll
14 Are You Shocked by the Borders Bankruptcy?
Maxed Out
15 Maxed Out: On the Verge of Bankruptcy, Again
Poll
16 Are You Sad About Borders Closing?
consumerism
17 Linens 'n Things Tricky Liquidation Tactics Exposed
Money
18 5 Steps to Take When You're Filing For Bankruptcy
After several years of financial struggles, Hostess Brands Inc. is preparing to file for bankruptcy. Home of the classic Wonder Bread and signature snacks like the Twinkie, Hostess has had trouble holding on to customers who veered toward healthier foods in recent years. The company, first formed in 1930 under the name Interstate Baking Co., joins a growing list of companies that filed for Read more
Hearing about firms going bust is always sad, since a lot of us can become really attached to brands. However, filing for bankruptcy doesn't always mean that you're never going to see the entity again — it actually depends on the type of bankruptcy they're filing for. Many companies rebound after filing for Chapter 11 bankruptcy, which just means they need a little time off for some financial Read more
There's always a feeling of confusion when a major retailer goes bust, but what we really want to know is what it means for us and how we'll be affected. American Airlines announced it was filing for bankruptcy this morning, which leaves loyal customers wondering what's going to happen to their miles and if it's going to be harder to book a flight with them. Here's a quick roundup of burning Read more
Bankruptcy may sound scary and it should be. Filing for it should always be looked at as the last resort. It's a difficult and emotionally exhausting process, which requires the aid and expertise of an attorney. The legal costs can run up to thousands of dollars, and the effect on your credit score is quite damaging. Read on to see if bankruptcy is right for you. Alternatives to bankruptcy. Are Read more
Borders CEO, Mike Edwards, sent out a goodbye email to Borders Rewards Members last night which made made me kind of bummed. In the heartfelt email, Edwards said, "For decades, Borders stores have been destinations within communities — places where people have sought knowledge, entertainment and enlightenment and connected with others who share their passions . . . My sincerest hope is that we Read more
It's official: Borders has filed for bankruptcy today. This downfall has come about due to its inability to keep up with the times and transition toward the online space like its competitor Barnes and Nobles. The company is planning on closing 200 stores and cutting a lot of its staff. We've given yousavvy tips to prep for Borders going out of business, but it's always hard to digest when the Read more
It began with the closing of local Borders stores in cities around the country, and now the bookstore is inching closer to filing bankruptcy every day. It's never good news when you find out your favorite company is going out of business, but the silver lining can be those amazing deals you hope to score on items you've been coveting. But before you start envisioning deep price slashing and Read more
Another year passes, and more tales of bankruptcies and unexpected aftereffects of the recession emerge. It was a close call, but SavvySugar readers voted Blockbuster going bankrupt as the most shocking effect of the recession this year. Blockbuster beat out surprising trends like single, older women moving in together to save money, millionaires gobbling up McDonald's to budget, libraries Read more
Seems like Toni Braxton's debt is as large as her voice — an estimated $50 million, even though she's worth less than $10 million, reports TMZ. And this is the soul siren's second bankruptcy filing, to boot. Companies that Toni, 41, owes money to include AT&T, Neiman Marcus, The Four Seasons Hotels, Tiffany & Co., Screen Actors Guild, DirecTV, and the list goes on. Plenty of reasons can Read more
Sure, ordering from Netflix is a lot more convenient than trudging to your local Blockbuster, but there's something nostalgic about entering that blue and gold building. The company just filed for bankruptcy on Thursday, but what does that mean for Blockbuster fans? This may lead to more store closings — CEO James Keyes said "every single store" will be evaluated. On the bright side, Read more
