Legal Services | Attorney | Personal Bankruptcy | Business Bankruptcy | Contact Us | Locations | Free Consultation

Texas Bankruptcy - Famous Corporations That Have Filed Bankruptcy

Throughout the history of the United States there have been several major corporations that have filed for Bankruptcy protection to reorganize or address their financial problems. Historically and in recent times Bankruptcy has been used by businesses to not only address financial difficulties but to face lawsuits, acquire or merge with other businesses, rejects leases and contracts, as well as liquidate the assets for the benefit of creditors.

Sometimes the best option for a business with mounting financial problems, lawsuits, tax problems or other financial distress is to reorganize. Chapter 11 Bankruptcy is a reorganization process available to both big and small qualified businesses. When most people hear about business bankruptcy in the media they assume business bankruptcy means liquidating a company’s assets and distributing the proceeds to creditors. That is the case with Chapter 7 business bankruptcy. Some of the famous companies below initially filed for Chapter 11 bankruptcy protection to reorganize their financial affairs but despite the best efforts ended up as Chapter 7 liquidation cases.

Bankruptcy is just an option for large corporations. Bankruptcy is also a potentially viable option for small businesses to reorganize. Small Business Bankruptcy filings are just a prevalent can address financial problems of small businesses.

Famous Corporations That Have Filed For Bankruptcy

  • Aladdin Gaming, LLC (Las Vegas Hotel Casino) (2001)
  • ABB Lummus Global, Inc. (Petroleum Refining) (2006)
  • Aloha Airlines, Inc.
  • Allegiant Air, Inc.
  • American Banknote Corporation (1999)
  • American Federation of Television and Radio Artists / AFTRA (1982)
  • America Online Latin America, Inc. (2005)
  • American Restaurant Group, Inc. (2004)
  • Ameridebt (2004)
  • AMF Bowling Worldwide, Inc. (2001)
  • AtA Airlines (2008)
  • Atkins Nutritionals, Inc. (2005)
  • Baldwin Piano & Organ Company (2001)
  • Bally total fitness holding Corporation
  • Beliefnet, Inc.
  • Ben Franklin Retail Store, Inc.
  • Bethlehem Steel Corporation (2001)
  • Big Buck Brewery & Steakhouse, Inc. (2004)
  • Birch Telecom, Inc. (2005)
  • The Bombay Company, Inc.
  • Bugle Boy industries
  • Burlington Industries Inc. (2001)
  • Carolco Pictures Inc. (1995)
  • Casual Male Corp.
  • CD Warehouse, Inc.
  • Champion Parts, Inc.
  • Chiquita Brands International Inc. (2001)
  • Clothestime Stores, Inc.
  • Color Tile, Inc
  • Continental Airlines Inc. (1967 & 1984)
  • Converse Inc. (2001)
  • Cosmetic Center, Inc.
  • County Seat Stores, Inc (1996,1999)
  • Dairy Mart Convenience Stores Inc. (2001)
  • Death Row Records (2006)
  • Delphi Corporation (2005)
  • Delta Airlines Inc. (2005)
  • Diamond brands inc.
  • Dow Corning Corporation (1995)
  • Drug Emporium, Inc. (2001,2003)
  • Eastern Airlines Inc. (1991)
  • Easyriders, Inc.
  • Edwards Theatres Circuit, Inc.
  • Einstein/Noah Bagel Corp.
  • Enron Corporations (2001)
  • eToys Inc. (2001)
  • Excite@Home (2001)
  • Factory 2-U Stores, Inc.
  • Family Golf centers, Inc.
  • Farm Fresh, Inc.
  • First City Banc. Of Texas
  • Fitzgeralds Gaming Corp.
  • Flooring America, Inc.
  • Frank’s Nursery & Crafts, Inc. (2004)
  • Frederick's of Hollywood Inc. (2000)
  • Fresh Choice, inc
  • Friedmans Inc. (2005, 2008)
  • Furrs Restaurant Group, Inc.
  • Fruit of the Loom Inc. (1999)
  • G. Heileman Brewing Co., Inc.
  • Gadzooks, Inc. (2004)
  • Garden Bontanika, Inc.
  • General homes Corporation
  • Gibraltar Financial Corp.
  • Greyhound Lines, Inc.
  • Gulf States Steel, Inc.
  • Happy Kids, Inc. (2005)
  • Hawaiian Airlines, Inc.
  • Hispanic Television Network, Inc.
  • Hollywood Casino Shreveport (2004)
  • Homes.com,LLC
  • Homeseekers.com,Inc.
  • Houlihans Restaurants, Inc.
  • Huffy Corporation
  • Imperial Sugar Company
  • Just For Feet, Inc.
  • KB Toys, Inc. (2004)
  • Kmart Corporation (2002)
  • L.A.Gear, Inc
  • Laidlaw, Inc.
  • Lionel Corporation (1967 & 1984)
  • Loan Fabrics Corporation
  • Loehmann’s, Inc.
  • Loews Cineplex Entertainment, Inc. (2000)
  • Logix Communications enterprises, Inc
  • London Fog Group, Inc.
  • Maidenform Inc. (1997)
  • Mars Music, Inc.
  • Marvel Entertainment Group (1996)
  • Mercury finance Company
  • Midway airlines Corp
  • Montgomery Ward Inc (1997 & 2000)
  • Mortgage Lenders Network USA, Inc.
  • Moto Photo, Inc.
  • Motor City Five/MC5 rock group of the 1960s (1970)
  • Musicland Holding Corp. (2006)
  • Napster, Inc.
  • NextCard, Inc.
  • Northwest Airlines (2005)
  • Onieda Ltd.
  • Orion Pictures Corporation (1992)
  • Outboard Marine Corp.
  • Owens Corning Corporation (2000)
  • Pan Am Corporation (1998)
  • Payless Cashways, Inc. (1997,2001)
  • Planet Hollywood International Inc.(1999 & 2001)
  • Polaroid Corporation (2001)
  • Purina Mills Inc. (1999)
  • Quality Home Loans, Inc.
  • Quebecor World (USA), Inc.
  • Rand McNally & Company
  • Regal Cinemas Inc. (2001)
  • Reliant Energy Channelview LP
  • Resorts International Inc. (1994)
  • Roadhouse Grill, Inc. (2002,2007)
  • Ronco Corporation
  • Safety-Kleen Corporation
  • Samuels Jewelers, Inc.
  • Schlotzskys Inc. (2004)
  • Schwinn/GT Corp
  • Service Merchandise Company, Inc.
  • Seven Up/RC Bottling Company of So. CA,Inc.
  • Sharper Image Corporation
  • Shuttle America Corp.
  • Silicon Graphics, Inc. (2006)
  • Singer Company (1999)
  • Sizzler International (1996)
  • Smith Corona Corporation (1995)
  • Southland Corporation (7-11 stores) (1990)
  • Spiegel, Inc.
  • Stan Lee Media, Inc.
  • Standard Automotive Corp.
  • Star Telecommunications. Inc.
  • State Line casino
  • Stratosphere Corporation
  • Strouds, Inc.
  • Sun Country Airlines, Inc.
  • Sunbeam Corporation (2001)
  • Swissair Group Inc. (2001)
  • SyQuest Technology, Inc.
  • Talkpoint Communications, Inc.
  • Talon Automotive Group, Inc.
  • Texaco
  • Texas American Bancshares
  • Texas Commercial Energy, LLC
  • Texas Equipment Corp.
  • Texas International Co.
  • Texas Petrochemicals LP
  • The Roman Catholic Archdiocese of Portland, Oregon (2004)
  • Thinkpath Inc.
  • Thomaston Mills, Inc.
  • Todays man, Inc.
  • Top-Flite Golf Company
  • Tower Automotive, Inc.
  • Toysmart.com (2000)
  • TLC rock group (1995)
  • Trans World Airlines Inc. /TWA (1995 & 2000)
  • Trans Texas Gas Corp.
  • Tristar Corp.
  • Trump Hotel & Casino Resorts, Inc.
  • Twinlab Corporation
  • Ultra Stores,Inc.
  • United Artists Theatre Co.
  • United Petroleum Corp.
  • United States Leather, Inc.
  • US Airways Group, Inc. (2004)
  • USA Commercial Mortgage Company
  • US Office Products Company (mail boxes etc. stores) (2001)
  • U.S. Wireless Corp.
  • Vangaurd Airlines, Inc
  • Venture Stores, Inc
  • Vlasic Foods International Inc. (2001)
  • Western Union Corporation (1993)
  • Wherehouse Entertainment, Inc.
  • Wickes Furniture Company, Inc.
  • Winn-Dixie Stores, Inc. (2005)
  • WorldCom, Inc
  • XO Communications, Inc.
  • Zany Brainy
  • Zenith Electronics Corporation (1999)

Remember that all these high profile companies, some of which could be considered solid or stable icons all filed for bankruptcy protection. If a company with that kind of status can get into financial trouble it can happen to any company. These notable companies took advantage of their right to utilize bankruptcy to address their financial problems. Bankruptcy can be an option for a troubled company.

Chapter 11 bankruptcies tend to be very complex, time consuming, and allow the Court and the creditors to be actively involved in the company’s financial affairs. Businesses considering seeking bankruptcy relief under Chapter 11 must utilize an attorney who is experienced in handling Chapter 11 cases. If you or your company have questions about corporate or business bankruptcy please contact The Law Offices of R.J.Atkinson,LLC at 800-436-9056 for a free initial consultation to discuss your company’s legal options in bankruptcy.

Terms associated with this web page include: business bankruptcy, small business bankruptcy, Texas business bankruptcy, bankruptcy, corporate bankruptcy, lawsuit, Houston Business Bankruptcy, San Antonio Business Bankruptcy, Austin Business Bankruptcy, Dallas Business Bankruptcy, payroll tax bankruptcy, judgment bankruptcy, Chapter 11 bankruptcy, chapter 7,11, bankruptcy, bankruptcy Texas, Texas business bankruptcy lawyer, Texas business bankruptcy attorney, San Antonio, Houston, Dallas, Austin, business bankruptcy filing, bankruptcy law, business bankruptcy law, Texas attorney , Chapter 11 bankruptcy, Chapter 7 bankruptcy Texas bankruptcy filing, lawsuit, chapter 11 Houston, chapter 11 San Antonio, chapter 11 Austin, chapter 11 Dallas, Texas chapter 11 bankruptcy

 

footer
Please read: Certification | Disclaimer | TexasLegalWeb | State Bar of Texas | Resource LinksLast Updated March 19, 2024
RJABANKRUPTCY © 2004 - 2024 RJ Atkinson, LLP Attorney At Law – All Rights Reserved
Austin Bankruptcy | San Antonio Bankruptcy | Houston Bankruptcy | Dallas Bankruptcy
Affordable Bankruptcy Fees | IRS Tax Problems
RJA Bankruptcy Attorney offer Affordable Bankruptcy, Debt Relief and Debt Consolidation. Texas Bankruptcy Lawyer offer Low Cost Bankruptcy Attorney Fees in Austin, Dallas, Fort Worth, Plano, San Antonio, & Houston *Principal Office.

Bankruptcy Lawyer / Attorney RJ Atkinson provides Chapter 7, 11, 12, 13, Bankruptcy, Debt Relief & Discount Legal Services
Filing Bankruptcy can sometimes be the fastest way to get out of debt and may be the most affordable way to get a fresh financial start. Chapter 7 Bankruptcy can quickly wipe out your debts, increase your credit score, stop wage garnishments, get rid of credit card debt, eliminate medical bills, stop payday loans, stop bill collectors, erase negative credit reporting, and reestablish new credit after bankruptcy. RJ Atkinson – Bankruptcy Lawyer have payment plans to make filing Chapter 7 and Chapter 13 Bankruptcy affordable which include low cost flat fees for Chapter 7 that may be considered the cheapest bankruptcy attorney fees depending on the costs other bankruptcy lawyer charge. Chapter 13 Bankruptcy can save your home from foreclosure, save your car from repossession, lower monthly payments, reduce interest rates, get rid of late fees, reduce credit card interest, payoff high credit card debt, raise your credit score, stop creditor harassment, get rid of debt, reduce debt, eliminate creditor calls at work, stop collection calls, start over financially, discharge debts and/or be debt free in 3 to 5 years. IRS tax problems, tax levies, wage garnishments, back taxes, payroll taxes, income taxes can often be handled in Chapter 13 bankruptcy. Divorce/Bankruptcy – past due child support arrears, alimony, spousal support, and divorce debt can often be handled in chapter 13 bankruptcy. The Law Offices of RJ Atkinson handles debt consolidation, loan modifications, credit card debt settlement, debt negotiation, lawsuit defense, IRS problems, credit card lawsuits, TROs temporary restraining orders to foreclosure, forbearance agreements to foreclosure, FDCPA Fair Debt Collection Practices Act lawsuits, FCRA Fair Credit Reporting Act lawsuits, credit report disputes, debt collection lawsuits, adversary complaints in bankruptcy, bankruptcies, foreclosure workouts, mortgage short sales, real estate property tax disputes, civil litigation, commercial litigation, tax lawsuits, small business bankruptcy, corporate bankruptcy, business creditor representation, and most every kind of debt related issue or financially based legal problem on a case by case basis.
Pursuant to 11 U.S.C. §528, “We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”
R.J.Atkinson Texas Bankruptcy Lawyer - Principal Office: 8000 I.H. 10 West, Suite 600, San Antonio, TX 78230-3868. Phone: 800-436-9056