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Bill to streamline bankruptcy process for small businesses moves to president

PROVIDENCE – Congress has approved legislation to streamline bankruptcy procedures and provide new tools for small-business owners.Co-sponsored by Sen. Sheldon Whitehouse, D-R.I., and Rep....
INVOLVED: Jim Boscov is the chairman and CEO of Boscov’s, billed as the nation’s largest family-owned department store, which is moving into the former Nordstrom location at Providence Place mall. He said running a business doesn’t happen from an office, but rather on the sales floor.
 / PBN PHOTO/MICHAEL SALERNO

An outlier comes to Providence Place

While other department stores have closed as sales slip away with changing consumer preferences and a migration online, Reading, Pa.-based Boscov’s is an outlier....
PURDUE SUBSIDIARY: Pictured above is a sign for the Rhodes Technologies plant complex at 498 Washington St. in Coventry. Rhodes is a subsidiary of Purdue Pharma, maker of prescription painkiller OxyContin, which is the subject of multiple lawsuits nationwide taking the drug manufacturer to task for the current “opioid epidemic.”
 / PBN PHOTO/MICHAEL SALERNO

Municipal opioids lawsuits moving quickly

While a lawsuit filed by Rhode Island is moving slowly, a proposed class-action lawsuit against opioid makers by cities and counties nationwide – including...
THERE WERE 153 bankruptcies in Rhodes Island in June, a 26.8% decline year over year. / BLOOMBERG FILE PHOTO/DAVID PAUL MORRIS

R.I. sees 153 bankruptcies in June

PROVIDENCE – There were 153 bankruptcies in Rhodes Island in June, a 26.8% decline year over year, according to the U.S. Bankruptcy Court District...
BANKRUPTCY FILINGS in Rhode Island have steadily declined since peaking in 2010. / PBN FILE PHOTO

R.I. sees 185 bankruptcy filings in May

PROVIDENCE – There were 185 bankruptcy filings in Rhode Island in May, a 19.9% decline from one year prior, according to data from U.S....
ACCORDING TO a recent survey of bankruptcy filers, 32% had student debt. On average, those who had student debt said that that debt comprised nearly half of their total debt. / BLOOMBERG FILE PHOTO/MICHAEL OKONIEWSKI

Survey of bankruptcy filers shows 32% had student debt

PROVIDENCE – A report from LendEdu said that a recent survey of low-income individuals who filed for Chapter 7 bankruptcy showed that 32% carried...

Insys files for bankruptcy, overcome by opioid liabilities

NEW YORK – Insys Therapeutics Inc. filed for bankruptcy protection after agreeing to pay hundreds of millions of dollars to settle a related probe...
PAYLESS SHOESOURCE INC., which has 18 locations within Rhode Island and Bristol County, Mass., plans to close all of its U.S. stores after again filing for bankruptcy, according to a report Thursday by Reuters./BLOOMBERG PHOTO/SCOTT EELLS

Payless ShoeSource to close all U.S. stores

PROVIDENCE — Payless ShoeSource Inc., a worldwide discount shoe retail chain, is planning to shutter all of its stores in the U.S. when the...
CLUB PRESERVED: The Agawam Hunt country club in East Providence emerged from bankruptcy in March under a reorganization that sold the club assets to a new ownership group and which included the sale of a conservation easement to The Nature Conservancy.
 / COURTESY AGAWAM HUNT

Home sales cool; golf clubs on the move

The residential real estate market started to cool in 2018, returning to an equilibrium between buyers and sellers, after two solid years of appreciation...
DAVID'S BRIDAL filed for Chapter 11 bankruptcy with a plan to cut debt by more than $400 million and a deal with lenders that will keep stores open during a reorganization. / BLOOMBERG NEWS FILE PHOTO/JEENAH MOON

David’s Bridal files for Chapter 11 bankruptcy in Delaware

NEW YORK - David’s Bridal Inc. filed for bankruptcy with a plan to cut debt by more than $400 million and a deal with...
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