Filing Bankrupt in North Mississippi

Number of Troubled Companies Nears 2009 Peak

Financially strapped companies’ ranks are swelling. A Moody’s Investors Service tally of the least-creditworthy companies rose by 10 to 274 this month, pushing it nearer to April 2009’s record 291. The list comprises companies rated at least six notches into junk territory with a negative outlook–which suggests a further downgrade could come soon. The uptrend[…]

sports authority

Sports Authority Files For Bankruptcy, Plans To Shutter 140 Stores

Fitness might be the new status symbol and athleisure clothing might be all the rage, but for one storied brand, the health and wellness boom hasn’t translated into a bottom-line boon. In fact, quite the opposite: citing a challenging retail environment, Sports Authority announced Wednesday that it has filed for bankruptcy protection and will be closing[…]