Bankruptcy

Big Names File Bankruptcy in 2009

By Meaghan Olson

As 2009 winds down, we'll take a quick look at some of the biggest brands and names in business that decided to file bankruptcy.

Big Brand Businesses Filing in 2009:

• Chicago Cubs - The Northsiders briefly entered bankruptcy protection when the team was sold.
• Phoenix Coyotes -The Coyotes are playing on, and playing well, despite failed attempts to sell the team.
• Six Flags -Theme park faced difficulty, but that old guy is still dancing
• Eddie Bauer -Clothing manufacturer sold, but still open.
• Reader?s Digest -Popular magazine still publishing.
• Trump Casinos -Maybe the Donald needs a new apprentice?
• The Philadelphia Inquirer -Rough year for newspapers across the country
• Chicago Sun-Times -Not to be out done by their crosstown rivals at the Tribune, the home of Rogert Ebert filed bankruptcy before being sold.
• Bennigans -The popular restaurant chain closed up shop after filing.
• Charter Communications -One of the country's largest radio station operators - 255 stations across the country.
• Ritz Camera - Still open, but forced to shutter some shops
• Samsonite -Luggage maker and retail store closed some shops, but still operating
• Tavern on the Green -Future of famed New York restaurant still up in the air
• Crabtree & Evelyn -Soap-seller still open
• Filene?s Basement - Deals still available as clothing store purchased and still open
• S&K Menswear -Suit retailer got unbuttoned, future still undecided
• Gottschalks -Department store gone for good
• Southern Voice ? Large gay magazine in Atlanta quickly folded up
• New York Off Track Betting Corp -State-run betting offices muddied in debt
• Steak & Ale Restaurant and Roadhouse Grill -Steakhouses across the country got burned during the recession

Full post as published by The Bankruptcy Blog on December 31, 2009 (boomark / email).