The Great Saab Sob Story of 2011 continues unabated as Saab Great Britain has officially filed for bankruptcy protection. Saab GB is a wholly owned subsidiary of Swedish Automobile N.V., the parent company of Saab, and has the exclusive rights to distribute Saab automobiles in the UK. Funk Flex
American Airlines Files For Bankruptcy
American Airlines’ parent company is seeking bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles. Hit the jump to read the rest of the story. @WiLMajor
T-Boz Files For Bankruptcy
Uh-oh. Looks like T-Boz is in a bit of trouble. The TLC singer has filed for bankruptcy. According to docs filed last month in U.S. Bankruptcy Court, T-Boz owes creditors $768,642.99, mostly from mortgages on her $1.2 million house. Yikes! More details below. Marisa Mendez
NBA: Power Balance Files for Bankruptcy, Owes Money To Kobe Bryant, Blake Griffin & More
Posted by Sabrina B. @gametimegirl Power Balance LLC, a Lake Forest company that made a big splash linking its performance bracelets to professional athletes, has filed for protection in federal bankruptcy court in Santa Ana.
Dippin’ Dots Files For Bankruptcy!
Dippin’ Dots Inc. filed for Chapter 11 protection in federal bankruptcy court this week. But don’t be too alarmed: the company spokesman said it will “absolutely” remain in business. Listen Dippin’ Dots, ya’ll have to figure something out because I NEED you during those hot summer days on the Jersey Shore boardwalk!! Read why the company is going bankrupt after the jump! Wendy L.
Retailers Syms and Filene’s Basement File For Bankruptcy And Will Close All Stores By January
Syms who have been around for more than 50 years, filed for Chapter 11 bankruptcy and will close its nationwide stores, including its subsidiary Filene’s Basement, by January. Hit the jump to read the rest of the story. @WiL
