On the heels of the announcement that Toys R Us is closing, BonTon stores, including the Bergners in Pekin and Peoria, Illinois are expected to close as part of a bankruptcy liquidation. Like many other brick and mortar retailers struggling to keep up in a time of eCommerce and other newer shopping venues opening in other locations, BonTon, which operates 260 stores in the U.S. under the names of Bonton, Younkers, Bergners and others is calling it quits. Although the company had hoped that … [Read more...]
Archives for April 2018
Some Student Loan Debt Dischargeable in Bankruptcy
Of interest to individuals considering bankruptcy with student debt, a bankruptcy judge in Texas has denied a request by the student loan company, Navient, to dismiss a class action suit accusing the company of collecting on loans discharged through bankruptcy. As the case moves forward, it may provide the appellate court the opportunity to ring in on the question of whether loans historically exempt from bankruptcy discharge can now be considered when wiping the slate clean in a chapter 7 … [Read more...]