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Posts tagged 'Los Angeles bankruptcy lawyer'
Written by: Timothy McFarlin | Publish date: February 10th, 2012
Big Boy Restaurant Chain Possibly the most well known restaurant chain on our list is Big Boy restaurants. The chain is famous for the double-decker hamburgers they specialize in, and the little boy on their logo. The owner of the chain, the Elias Bros. Corp., filed for bankruptcy after experiencing financial difficulties, and money issues with their expansions. The company closed 43 restaurants just a month before their bankruptcy filing. From 2001, to 2010 the number of Big Boy locations dropped from to 405 to 141. Change in sales (2001-2010): -68.6% Sales 2001: $580 million Sales 2010: $182.25 million Change [...]
Written by: Timothy McFarlin | Publish date: January 31st, 2012
Hostess Brands, the manufacturer of tasty treats, such as Twinkies, Wonderbread, Ding Dongs, Ho hos, Sno Balls, and more has filed for Chapter 11 bankruptcy protection in the Southern District of New York. Old-fashioned union agreements, legacy obligations, and work rules, have been listed as the main culprits responsible for the Texas company’s bankruptcy filing. Unionized workers make up 83% of their 19,000 workers. Some experts expect the unionized workers collective bargaining agreements to be the first to be dismissed in their bankruptcy proceedings. The new health conscious society has also been blamed for Hostess’ decline. Hostess came out of [...]
Written by: Timothy McFarlin | Publish date: December 6th, 2011
Like many other lawyers in the Los Angeles California area, a great deal of my clients are filing for bankruptcy. Bankruptcy filings are on the rise, not only in Los Angeles, but all over the U.S. Every day in Los Angeles new businesses are formed. Unfortunately, in our current economical climate, many businesses are also struggling to survive. Los Angeles is a competitive market, making it just that much more difficult for new businesses to survive. Competition is very high in Los Angeles, and it seems as a new business opens another closes. As a Los Angeles Bankruptcy lawyer, I [...]
