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Thread: Corporate Bankruptcies... rolling count of American companies going "BELLY -UP" 2008

  1. #1

    Exclamation Corporate Bankruptcies... rolling count of American companies going "BELLY -UP" 2008

    Okay there's so many Bankruptcies, I'm just posting a link to one site that lists & track all company filings. NOTE: When I search for each 30 days/month for the past 9 months, more than a 1000 Bankruptcies each month. So much so, the site request a search for a week or day.

    http://www.bankruptcydata.com/product_files/NewsArchiveSelect.asp

    Bankruptcies: Add to thread for recent counts, sector and business

    Transports/Air/etc

    Frontier Air
    ATA
    Aloha
    Skybus
    Eos Airlines
    Champion Air (NBA transporter)
    MESA Airlines
    Jevic Transportation, Inc. (Freight transport)
    Sterling Airlines
    Yellowstone Club "Ultra Rich Club"
    Eclipse Aviation Corporation


    Financial
    Bear Sterns
    Aegis Mortgage Corporation
    Lehman Brothers
    Washington Mutual
    ANB Financial
    IndyMAC
    Fannie Mae
    Freddie Mac
    Delta Financial Corporation
    Freedom Bank of Bradenton, FL
    Alpha Bank & Trust, Alpharetta, GA
    Meridian Bank, Eldred, IL
    Main Street Bank, Northville, MI
    Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT
    Ameribank, Northfork, WV
    Silver State Bank, Henderson, NV
    Integrity Bank, Alpharetta, GA
    The Columbian Bank and Trust, Topeka, KS
    First Priority Bank, Bradenton, FL
    First Heritage Bank, NA, Newport Beach, CA
    First National Bank of Nevada, Reno, NV
    IndyMac Bank, Pasadena, CA
    First Integrity Bank, NA, Staples, MN
    ANB Financial, NA, Bentonville, AR
    Hume Bank, Hume, MO
    Douglass National Bank, Kansas City, MO
    Ambac Financial Group Inc.
    ACE Mortgage
    Franklin Bank, Houston
    Security Pacific Bank of California.
    RBC Capital Markets MotherRock LP hedge fund
    The Community Bank, Loganville, GA
    LandAmerica Financial Group
    Haven Trust Bank of Duluth, Ga... sold off to BB&T
    Sanderson State Bank of Sanderson, Texas
    Barratt American (home builders - financial real estate sector)


    Manufacturing/Production

    Delphi
    Solutia Inc (nylon & plastics)
    Tousa Inc (homebuilder)
    Adam Aircraft
    Wellman, Inc.
    Ampex Corporation
    Hilex Poly Co., the world's largest plastic bag manufacturer
    American LaFrance - maker of firetrucks, ambulances and other emergency vehicles
    BHM Technologies, LLC
    IdleAire Technologies Corporation
    EnCap Golf Holdings, LLC (national golf course builder)
    Tarpon Industries, Inc. (steel tubing/racks)
    Blue Water Automotive Systems, Inc.
    Empire Land, LLC and several related entities (home builders)
    Tousa, Inc. and 37 related entities (home builders)
    MTI Technology Corporation (IT, networking, backup/archive)
    Greater Ohio Ethanol
    WorldSpace, Inc - WorldSpace Systems Corporation and AfriSpace, Inc.
    Wellman Plastics Recycling Inc.
    Motor Coach Industries
    Paper International
    Ascendia Brands'
    Agriprocessors - Kosher ICE raid company
    Broyhill Furniture Industries
    WR GRACE
    TOUSA, Inc housing
    Wellman Inc., plastics maker
    Chrysler
    Ford
    GM- General Motors
    Agriprocessors Inc. <=== The kosher meatpacking company in Iowa that criminal charges and huge fines for labor violations
    Village Homes of Colorado
    Empire Land, LLC
    Dalton Corp... steel/milling
    Precision Parts International L.L.C.
    Poloroid Corporation
    DHP Holdings heating appliances
    Constar International Inc. Plastic bottle producer


    Retail/Services
    Circuit City
    Linens -n- Things
    Baker's Square
    Sharper Image
    Jocks and Jills
    Domain Furniture
    Wickes Furniture
    Fortunoff
    Harvey Electronics
    Lillian Vernon
    Bombay Furniture
    Sirva Inc (moving company)
    New Line Cinema, Makers of Lord of the Rings Movies, Lays off 450, (rights absorbed by Time Warner)
    Crescent Jewelers - Friedman’s Jewelers Inc. $400 Million liquidation
    Steakhouse Partners, Inc.
    Wickes Furniture, (owned by private equity firm Sun Capital Partners)
    Fortunoff Furnishings
    IdleAire Technologies Corporation (Television Stations)
    S&A Restaurant Group, a subsidiary of the Metromedia Restaurant Group (Bennigan's, Steak-n-Ale) Metromedia Steakhouses - Ponderosa and Bonanza restaurants
    Value Cities Stores
    Mrs. Fields' Famous Brands (Cookies, etc)
    Interep National Radio Sales
    North Oakland Medical Center
    WAFFLE HOUSE restaurants
    Shoe Pavillion
    Mervyn's clothing
    American Home Furniture
    BTWW Retail - Ranch wear/Farm wear
    Tropicana Entertainment LLC
    Las Vegas Sands Corp
    Tweeter Electronics
    Lamborghini OC (North America's largest Lambo Dealer)
    Interstate Bakeries Corporation
    National Wholesale Liquidators
    Women's retailer CACHE
    Steve and Barry's closes all 174 stores
    Auto Dealerships - New/Used/3rd party 100's across the nation
    Bally Total Fitness Holding Corp.
    Hawaiian Telcom Communications
    Trump Entertainment Resorts Will file Chapter 33! (3 round )
    EZ Lube, LLC
    K B Toys closed 356 stores/now dead
    LA Weight Loss Centers
    NetVersant Solutions
    Thacher Proffitt & Wood, a 160-year- old New York-based law firm
    Sports Chalet
    B. Moss Clothing Co. Ltd
    Woolworths/Wolco
    Flying J nationwide Truckstop/fuel centers


    Media/Entertainment

    New Line Cinema, Makers of Lord of the Rings Movies, Lays off 450, (rights absorbed by Time Warner)
    Ziff Davis Media filed Ch. 11 (they publish eWeek, PC Magazine, etc.)
    Tropicana Entertainment, LLC (subsidiary of Tropicana Casinos)
    Johnson Broadcasting Inc.
    TRIBUNE ENTERTAINMENT (Chicago % LA Times newspapers, magazine, 23 TV stations, etc)
    The Baltimore Opera Co.
    Equity Media Holdings Corporation 41 radio stations (Spanish/English)



    Public/Municipal Bankruptcies

    City of Vallejo, CA
    US Postal Service (layoff 40,000)
    Isleton, CA
    Rosa Linda, CA

    Pilgrim’s Pride
    Tweeter Opco
    Lenox Sales, Inc




    RUMORED, ON THE BUBBLE, IN TROUBLE, Substancial Loses, Watch Listed


    Foot Locker (closing 150 stores)
    Ann Taylor (closing 117 stores)
    Zales Jewelers (closing 100 stores)
    Charming Shoppes -- Lane Bryant & Fashion Bug (closing 150+ stores)
    Wilsons Leather (closing 158 stores)
    Pacific Sunwear -- Demo (closing 153 stores)
    Construction Metals Inc. - 102 employees cut.
    Jacuzzi Whirlpool Bath 100 workers laid off.
    AGC Flat Glass North America Inc. 275 positions cut.
    Starbucks aka $4Bucks closing 100 stores
    JC Penney
    Lowe's
    Office Depot <=== Watch listed due to rumors of hidden debt and substantial drop in earnings
    Virgin Airlines (lost $34.8M in Sept 30 quarter)
    Claire's Stores
    Michael's Stores
    Herbst Gaming
    Tropicana Entertainment
    Station Casinos
    Mervyn's clothing (closed 62 stores)
    Charming Shoppes, Inc., (operater plus-size women's apparel chains, closing 150 stores, including 100 Fashion Bug and all of the Petite Sophisticate locations)
    Home Depot closing 15 stores
    Smurfit-Stone Container Corporation


    Movie Galley Closing all stores
    Pep Boys Closing 33 stores
    Macys to close 9 stores after January 1, 2009
    Disney closing 98 stores and will close more after January 1, 2009
    GAP closing 85 stores
    Eddie Bauer to close stores 27 stores and more after January 1, 2009


    Restructuring:
    Hawaiian Telecom
    United Airlines cut 1,100 jobs
    MGM Grand 'Mirage'


    link: Retail Survey/Analysis reveals 11.8% of retail business' closed in 2007 compared to 2006!

    Thanx for the INPUTS/UPDATES, keep them coming!

    link here to FOREIGN Banking Disaster in GERMANY:

    http://www.spiegel.de/international/business/0,1518,536635,00.html
    Last edited by HOLLYWOOD; 12-30-2008 at 02:27 PM. Reason: Updates of Bankrupt Companies
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
    Thomas Jefferson
    June 1826



    Rock The World!
    USAF Veteran



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  3. #2
    we can add to the list:
    The company that owns Baker's Square - they've already shuttered a number of stores in Illinois after filing.
    The Sharper Image - they too have already closed in my area.
    "Inflation and deflation are about money supply and credit, the latter being more important." Mish Shedlock

  4. #3
    Circuit City wouldn't surprise me; I've always felt they weren't the best company around for purchasing electronics.

    AMD is on shaky ground right now....their CTO (Chief Technology Officer) stepped down...and no replacement is going in (yet)....they're also $5 billion in debt.

  5. #4

    Exclamation

    Quote Originally Posted by Fox McCloud View Post
    Circuit City wouldn't surprise me; I've always felt they weren't the best company around for purchasing electronics.

    AMD is on shaky ground right now....their CTO (Chief Technology Officer) stepped down...and no replacement is going in (yet)....they're also $5 billion in debt.
    AMD is a very poorly run company... if you conducted a visit / walk-through in their buildings, say compared to Intel, AMD has the appearance of a 3rd world nation.

    Looking at their corporate earnings numbers, I don't know how they are sustaining losing so much for so long.


    But here's the startling latest facts:

    U.S. consumer bankruptcy filings jumped 27% nationwide in the first quarter of 2008 compared to the year-ago period, according to the American Bankruptcy Institute (ABI). March consumer filings alone reached 86,165 - up 13% from February.



    http://blog.aefeldman.com/2008/04/10...eys-in-demand/
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
    Thomas Jefferson
    June 1826



    Rock The World!
    USAF Veteran

  6. #5
    TERI, too, which has hurt First Marblehead quite a bit and limited the student loan market.

    There will be MANY more to come.
    "pledged is as pledged does" -- delegates, that is.


    Ron Paul is MY President, no matter what the November election tells me.

    I've chosen him as my de jure leader, and as long as he represents the message of freedom, he represents ME

  7. #6
    Jocks and Jills (a restaurant chain in Atlanta)

    http://www.georgiabankruptcyblog.com...ankruptcy.html

    Ive also seen massie clearance/liquidation sales at Wilson's Leather and Friedman's Jewelers...
    “We need to borrow $10 billion from China, and then we give it to Musharraf, who is a military dictator, who overthrew an elected government. And then we go to war, we lose all these lives promoting democracy in Iraq. I mean, what’s going on here?”

  8. #7
    Bed Bath and Beyond is about to go down in retail.....

    But the real ones to watch are in the Financial sector........

    UBS, Lehman Bros, JP Morgan.....all on the bubble.....as felll as Fannie Mae, Freddie Mac.....Policy is keeping them all afloat........sound money is the only thing that will keep them from going under.......

  9. #8
    Quote Originally Posted by HOLLYWOOD View Post

    RUMORED


    Countrywide Financial
    Washington Mutual (S&L)
    Circuit City

    ***
    Wasn't Countrywide bought out by BoA? Technically, Bear Stearns did not go bankrupt, it was bailed out by the Fed and bought out by JPMorgan, so in the same sense Countrywide can also be considered a bankruptcy.



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  11. #9
    Whoa! Be careful what you post. I think you got the wrong company.

    Bed Bath and Beyond is not going down in retail. They have no debt and a billion or more in cash.
    While they may experience a slow down in sales, they will be the survivor.

    Linens and Things is likely to declare bankruptcy Tuesday if they can't work anything out.

  12. #10
    Quote Originally Posted by ricket View Post
    Jocks and Jills (a restaurant chain in Atlanta)

    http://www.georgiabankruptcyblog.com...ankruptcy.html

    Ive also seen massie clearance/liquidation sales at Wilson's Leather and Friedman's Jewelers...
    Jocks and Jills!! Oh, no . I liked that place...

    Friedman's is going bust: true.
    "pledged is as pledged does" -- delegates, that is.


    Ron Paul is MY President, no matter what the November election tells me.

    I've chosen him as my de jure leader, and as long as he represents the message of freedom, he represents ME

  13. #11
    Quote Originally Posted by Sarge View Post
    Whoa! Be careful what you post. I think you got the wrong company.

    Bed Bath and Beyond is not going down in retail. They have no debt and a billion or more in cash.
    While they may experience a slow down in sales, they will be the survivor.

    Linens and Things is likely to declare bankruptcy Tuesday if they can't work anything out.
    You are correct........My bad.....I meant linens and things (I think I subconciously put bed bath and beyond because of the slowdown in sales article I had read).......and the financial places are rumors that I think hold some weight that they could go under in the next 1-2 years.......

  14. #12
    Every Rite-Aid in Vegas has closed its doors

  15. #13
    Delta and Northwestern are merging.

  16. #14
    Filed for bankruptcy:
    Levitz
    Domain Furniture
    Wickes Furniture
    Fortunoff
    Harvey Electronics
    Lillian Vernon
    Bombay Furniture


    Downsizing heavily:
    Foot Locker (closing 140 stores)
    Ann Taylor (closing 117 stores)
    Zales Jewelers (closing 100 stores)
    Charming Shoppes -- Lane Bryant & Fashion Bug (closing 150+ stores)
    Wilsons Leather (closing 158 stores)
    Pacific Sunwear -- Demo (closing 153 stores)

    Possibly in trouble:
    JC Penney
    Lowe's
    Office Depot
    You can ignore reality, but you can't ignore the consequences of ignoring reality

  17. #15
    Oh, I got another one. Movie Gallery (owns Hollywood Video, etc)

    http://www.forbes.com/2007/10/16/mov...markets39.html
    “We need to borrow $10 billion from China, and then we give it to Musharraf, who is a military dictator, who overthrew an elected government. And then we go to war, we lose all these lives promoting democracy in Iraq. I mean, what’s going on here?”

  18. #16
    Quote Originally Posted by AceNZ View Post
    Filed for bankruptcy:
    Levitz
    Domain Furniture
    Wickes Furniture
    Fortunoff
    Harvey Electronics
    Lillian Vernon
    Bombay Furniture


    Downsizing heavily:
    Foot Locker (closing 140 stores)
    Ann Taylor (closing 117 stores)
    Zales Jewelers (closing 100 stores)
    Charming Shoppes -- Lane Bryant & Fashion Bug (closing 150+ stores)
    Wilsons Leather (closing 158 stores)
    Pacific Sunwear -- Demo (closing 153 stores)

    Possibly in trouble:
    JC Penney
    Lowe's
    Office Depot

    WOW!


    I presume all well "played-down" by governments... the MSM has been advised not to create HYSTERIA the collapse happening within the business sector.
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
    Thomas Jefferson
    June 1826



    Rock The World!
    USAF Veteran



  19. Remove this section of ads by registering.
  20. #17
    Quote Originally Posted by AceNZ View Post
    Possibly in trouble:
    JC Penney
    Lowe's
    Office Depot
    Those three companies aren't going anywhere.

    Also, Delphi probably shouldn't be on the original list. They went bankrupt several years ago and the credit problems have only just delayed their ability to come out of it. Their financial standing has actually improved quite drastically in the last year or so.
    Last edited by scooter; 04-15-2008 at 10:01 AM.

  21. #18
    Add Mervyns Dept store to the list,

    In my area they cut 200 jobs, and are outsourcing their inhouse shipping dept to a 3rd party.

    Reason they said was due to declining sales.

    http://www.sbsun.com/business/ci_8896847

  22. #19
    This would be a great subject for an entire website. Companies that go bankrupt in 2008. Could have it all divided into sections and maybe links to stories of the bankruptcies.

    Anyone got any suggestions for a domain name?


    Oh yeah.. CompUSA but they were on the tail end of 2007 so I'm not sure if they'd count.

  23. #20
    Solutia Inc (nylon & plastics)
    Tousa Inc (homebuilder)
    Sirva Inc (moving company)

    Restructuring:
    Hawaiian Telecom

    In trouble:
    Virgin Airlines (lost $34.8M in Sept 30 quarter)
    Claire's Stores
    Michael's Stores
    Herbst Gaming
    Tropicana Entertainment
    Station Casinos
    You can ignore reality, but you can't ignore the consequences of ignoring reality

  24. #21
    http://money.cnn.com/2008/04/15/news...ion=2008041513

    New Line Cinema, Makers of Lord of the Rings Movies, Lays off 450,

    The company will be absorbed into Time warner.

  25. #22
    Ziff Davis Media filed Ch. 11 (they publish eWeek, PC Magazine, etc.)
    --
    You can discover what your enemy fears most by observing the means he uses to frighten you. -- Eric Hoffer

  26. #23
    Updated list from member inputs and financial news...

    Please continue to post your information

    Thanx!
    The American Dream, Wake Up People, This is our country! <===click

    "All eyes are opened, or opening to the rights of man, let the annual return of this day(July 4th), forever refresh our recollections of these rights, and an undiminished devotion to them."
    Thomas Jefferson
    June 1826



    Rock The World!
    USAF Veteran

  27. #24
    Create a separate category for Entertainment & Media.


    That way you can put New Line Cinema and PC Mag in that category.



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  29. #25
    Wellman, Inc.
    "Your mother's dead, before long I'll be dead, and you...and your brother and your sister and all of her children, all of us dead, all of us..rotting in the ground. It's the family name that lives on. It's all that lives on. Not your personal glory, not your honor, but family." - Tywin Lannister


  30. #26
    what about public/municipal bankruptcies???

  31. #27
    Ampex Corp., a 60+ year, audio recording pioneer and data-storage system maker filed for Chapter 11 bankruptcy protection Sunday as its pension liabilities outpaced earnings, the company said in a statement.

    http://www.businessweek.com/ap/finan.../D8VOEN680.htm

  32. #28
    My prediction: Ford and GM soon enough (couple of years)...partially for the same reason ^^^^
    "pledged is as pledged does" -- delegates, that is.


    Ron Paul is MY President, no matter what the November election tells me.

    I've chosen him as my de jure leader, and as long as he represents the message of freedom, he represents ME

  33. #29
    Construction Metals Inc. - 102 employees cut.

    Jacuzzi Whirlpool Bath 100 workers laid off.

    AGC Flat Glass North America Inc. 275 positions cut.

  34. #30
    Quote Originally Posted by kyleAF View Post
    My prediction: Ford and GM soon enough (couple of years)...partially for the same reason ^^^^
    The problem with GM and Ford.....is they figured out in the 80's that if you build cars engineered to fall apart in 5 years.....most people who wanted to "Buy American" would tend to replace their cars with a new one right about when the loan for the previous one was paid off......thus inctreasing profits.....

    The problem is the Japanese automakers build dependable cars....not engineered to fall apart after 5 years....I would LOVE to buy American......but until American automakers start producing automobiles that AREN'T designed to fall apart after 5 years.....I'll stick with my Toyota Corrola....Mine is 8 years old....NO REPAIRS.....ONLY OIL CHANGES......Never had a GM or Ford car I've owned go even close, before a repair was needed on my American Car counterpart (Cavalier)....Engineered Obsolence, is a poor choice for American manufacturers, It only KILLS consumer confidence in their product......

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