Good Lifestyle

A news from bankruptcy is always disconcerting, especially when it is the retailers we know and love. In reality, however, the process does not mean that your favorite stores immediately close the store and say goodbye forever. In fact, when companies deposit the bankruptcy of chapter 11, it is also known as " reorganization "Bankruptcy, allowing companies to stay alive and pay creditors over time, according to American courts. Five of the main retailers who went bankrupt in 2023 are either defining these future stages or saying their final farewell. Read on Discover their next steps.

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Rite Deposited for the bankruptcy of chapter 11 in New Jersey on October 15, Better life Previously reported. AE0FCC31AE342FD3A1346EBB1F342FCB

The New York Times assigned the file has Late sales And billions of dollars in debt. As with other major pharmacies such as CVS and Walgreens, Rite Aid also had to face more than 1,000 prosecution concerning the allegal accomplishment of opioid analgesic orders.

However, the pharmacy chain also announced in October that it had obtained $ 3.45 billion In "New Financing To Support Business Operations", which includes the resolution of complaints in terms of dispute, the sale of its supplier of prescription services Elixir Solutions and the restructuring of its store footprint, among other initiatives.

Rite Aid has actively reduced its store footprint, initially publishing a list of on 150 store closures In 15 states. Go ahead, expect to see Even more stores Stop, like 19 others should close, according to an announcement of December 19.

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Bed bathtub and beyond Deposited for the bankruptcy of chapter 11 in April and then closed the last of its brick and mortar locations, which included 120 Buybuy stores for babies and 360 bed and beyond.

But although the original bed and Beyond may no longer be, several companies have contributed for the rights to use what the retailer left on behalf of - and in June, judicial deposits confirmed that Overstock.com had won the rights To acquire the assets of Bed Bath & Beyond, including the famous name.

"After the completion of the auction process approved by the court and in consultation with the Official Committee of Unsecured Creditors, Bed Bath & Beyond Inc. selected a proposal on Overstock.com as the winning tenderer , " Julie Strider , a spokesperson for Bed Bath & Beyond, said The New York Times in a report.

To move forward, buyers will always see the name of Bed Bath & Beyond, as well as one of his most popular incentives : 20 percent " Big Blue "The coupon is back once again thanks to Overstock.com," reported CNN.

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Party City, a familiar name for party supplies, bankrupt in January, with the intention of restructure your debt And stay afloat. According to CNN, the motor factors of the deposit included increased competition from large box retailers, higher costs during the COVID-19 pandemic and a helium shortage .

At the time of the file, there were more than 770 stores belonging to the company and 53 franchise stores. Party City has announced that it would be to close places that "do not respect the main financial measures required for our avant-before fleet".

In a good touch of fate, however, the party supply chain left bankruptcy in September when a judge approved reorganization plans to reduce nearly a billion dollars of the debt of the retailer, reported CNN . Even better, while certain stores are still closed due to bankruptcy , a majority of Party City locations will remain open following the new plan.

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September 29, Téléanté Orthodontics Company SmiledirectClub Deposited for the bankruptcy of chapter 11. Any hope that could have been provided has been short-lived, because the company confirmed that it ended operations for good earlier this month.

"SmiledirectClub made the incredibly difficult decision to finish its global operations , with immediate effect, "said the company in a press release on its website." For new customers interested in SmiledirectClub, thank you for your interest, but the treatment of Aligneur is no longer available via our TV platform. For existing customers, we apologize for the drawbacks, but the customer service medium is no longer available. Thank you for your support and allowed us to improve more than 2 million smiles and lives. ""

The company has sold teeth aligners, the process taking about four to six months to finish, CNN reported. Existing customers have been informed that they would no longer receive 60 -day checks for the treatment of the aligner, the company referring to patients to their doctor or local dentist.

The retailer at a popular reduced price on Tuesday morning filed for a bank detribution in February - and is unfortunately one of the stores that went bankrupt For good, a few months later.

The bankruptcy was the second for the company in the past three years, but the final round has been powered by an "extremely heavy debt", said Tuesday morning leaders in a Press release .

April 27, Tuesday morning Corp., based in Texas, was Sold in Hilco Merchant Resources For $ 32 million. There was hope that the approximately 200 remaining stores could remain open, but Hilco confirmed that he supervised the liquidation of all the remaining locations, The Dallas Morning News reported.

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