Tag: Bankruptcy
Bar Louie shutters some locations, Providence remains open
PROVIDENCE – The casual restaurant/pub chain Bar Louie with a location in Providence, announced Monday that it filed for bankruptcy under Chapter 11. The...
R.I. bankruptcy filings decline 5.6% Y/Y in 2019
PROVIDENCE – There were 2,039 bankruptcy filings in Rhode Island in 2019, a 5.6% decline year over year, according to U.S. Bankruptcy Court records. The...
R.I. sees 142 bankruptcy filings in Sept.
PROVIDENCE – There were 142 bankruptcy filings in Rhode Island in September, a 7.8% decline year over year, according to data from the U.S....
Purdue bankruptcy is not closure
A bankruptcy declaration and large settlement are supposed to bring some degree of closure. Purdue Pharma LP’s bankruptcy filing and $10 billion plan to...
Did the Sackler family take money out of Purdue Pharma for...
When Purdue Pharma LP filed for bankruptcy on Sept. 15, it was in no small measure to blunt the effects of the more then...
CVS is Purdue’s largest listed creditor
NEW YORK – Purdue Pharma LP told a bankruptcy court it owes almost $100 million to pharmacy-benefit managers, drug distributors and state health departments in...
OxyContin maker Purdue Pharma files for bankruptcy to wipe out 2,000...
WILMINGTON, Del. – Purdue Pharma LP filed for bankruptcy with a more than $10 billion plan to settle claims that it fueled the U.S....
R.I. sees 185 bankruptcy filings in Aug.
PROVIDENCE – There were 185 bankruptcy filings in Rhode Island in August, an increase from 179 filings one year prior, according to U.S. Bankruptcy...
New bill would simplify bankruptcy process for small businesses
Advocates for small businesses may finally get the legislation they’ve been seeking. Congress passed a bill in July to make it simpler and less expensive...
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....
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