bankruptcy

It seems the bad news keeps coming when it comes to businesses. Vasari, the franchise that owns several Dairy Queens announced that it is filing bankruptcy.

It seems more and more every day companies are announcing that they are closing down their stores.  First we lose Hastings, then Gander Mountain announced it will be closing stores, followed by JCPenney, and now a popular shoe store has announced it will be closing over 400 stores.

Rumors have started brewing that Gander Mountain is facing potential bankruptcy and may have to close some of it's stores.

Hastings has been a staple in Amarillo since 1968.

It seems that some restaurants here in the area are struggling and have been struggling.  In fact, two restaurant companies in Amarillo have filed for bankruptcy.

It's official: Amarillo-based retailer Hastings will be liquidated and all 126 of its stores will shutter by October 31, 2016.

As we heard not long ago, Hastings Entertainment has filed for bankruptcy.  That means a lot of changes will be happening, like being unable to use store credit or gift cards.

The economy of Amarillo could be greatly affected.

In the wake of a rough economy and emerging competitors, it looks like Kodak might be on its way out. The photography giant announced Thursday morning that they are filing for Chapter 11 Bankruptcy Protection.

It has long been said that a Twinkie would survive a nuclear war. But Hostess, the company that makes the treats, is not so immortal. In fact, Hostess is expected to file for bankruptcy this week, citing over $800 million in debt. While there is a good chance Hostess will be able to reorganize or be bought out by another company — ensuring Twinkies, Ding Dongs and Ho Hos will remain in stores — it

Hostess, which makes such iconic foods as Wonder Bread and Twinkies, has filed for bankruptcy. The company is some $860 million in debt, so clearly some restructuring is in order. What happens now, you ask? Here are some possible scenarios of what may take place: