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Chelsea Art Museum Closes For Rest Of August

NEW YORK (AP) – The Chelsea Art Museum is shutting down for the rest of August to avoid foreclosure. The company that owns the West 22nd Street museum filed for Chapter 11 bankruptcy protection earlier...

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Court Approves A&P’s $800 Million Financing

MONTVALE, N.J. (AP) — A New York court has approved $800 million in financing that will allow the Great Atlantic & Pacific Tea Co. to continue operating while under Chapter 11 bankruptcy...

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Borders Files For Ch. 11 Bankruptcy Protection

NEW YORK (CBSNewYork/AP) – Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk by crushing...

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Judge Expected To Rule On Blockbuster’s Future

NEW YORK (CBSNewYork/AP) — A judge Thursday was set to rule on whether movie-rental chain Blockbuster Inc., operating under Chapter 11 bankruptcy protection can sell itself to a group of investors or...

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Borders Outlines Additional 28 Store Closings

NEW YORK (CBSNewYork/AP) — Borders Group Inc. plans to close an additional 28 stores, bringing the total closings to 228, as it tries to reorganize in bankruptcy protection. The additional closings...

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Interfaith Medical Center In Brooklyn Files For Bankruptcy Protection

NEW YORK (CBSNewYork/AP) — Interfaith Medical Center in Brooklyn has filed for Chapter 11 bankruptcy protection. The New York Times reported the hospital filed for Chapter 11 reorganization late...

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Owner Of Mandee, Annie Sez, Afaze Blames Sandy For Bankruptcy

NEW YORK (CBSNewYork/AP) — The New Jersey-based owner of the Mandee, Annie Sez and Afaze clothing stores filed for Chapter 11 bankruptcy protection Monday, citing effects from Superstorm Sandy as the...

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Revel Casino Emerges From Bankruptcy Filing

ATLANTIC CITY, N.J. (CBSNewYork/AP) - Just over a year after it opened, Atlantic City’s newest casino has gone into bankruptcy and gotten out of it, ready to start again. Revel formally completed a...

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