Home Tags Bankruptcy

Tag: Bankruptcy

TOTAL BANKRUPTCY FILINGS in Rhode Island year to date in September declined 6.6% from year-to-date filings in September 2018. / PBN GRAPHIC/CHRIS BERGENHEIM

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...
WAS THE BANKRUPTCY filing of Purdue Pharma a way the owners of the company, the Sackler family, could protect their personal fortunes from the effects of the more than 2,000 lawsuits that have been filed against the company and the Sacklers? / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY

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...
Purdue Pharma has filed for bankruptcy, hoping to avoid having to deal individually with more than 2,000 lawsuits stemming from the company's role in the opioid crisis. / BLOOMBERG NEWS FILE PHOTO/GEORGE FREY

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....
RHODE ISLAND bankruptcy filings totaled 185 in August, a slight uptick from one year prior. / PBN GRAPHIC.CHRIS BERGENHEIM

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...
ALL THE DIFFERENCE: Chris Carlozzi, Rhode Island state director for the National Federation of Independent Business, said making it less expensive for small companies to reorganize under bankruptcy protection can “make all the difference” between survival and going out of business. 
 / COURTESY NATIONAL FEDERATION OF INDEPENDENT BUSINESS

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....
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...
- Featured Event -

Latest News