In a sign of devastating times for the retail sector, fashion retailer Rue21 announced that they have filed for Chapter 11 bankruptcy reorganization. The company is closing approximately 400 stores and laying off an undisclosed number of employees. The retail industry faces stiff competition from digital commerce and changing consumer preferences. Rue21 is not the
Tampa Bankruptcy Blog
In the State of Florida there are 347 personal bankruptcies for every 100,000 people, 16th worst in the country. The source is worldatlas.com.
Let us not bankrupt our today’s by paying interest on the regrets of yesterday and by borrowing in advance the troubles of tomorrow. A bankruptcy quote by Ralph W. Sockman.
Medical expenses are the number one cause of bankruptcy in America. The source is investopedia.
I am strong, because I’ve been weak. I am fearless, because I’ve been afraid. I am wise, because I’ve been foolish. The author is unknown.
We must accept finite disappointment, but never lose infinite hope. A quote by Martin Luther King, Jr.
The worst bankruptcy in the world is the person who has lost his enthusiasm. A quote by H.W. Arnold.
Bankruptcy no longer has the stigma it once had. Now it’s almost considered wise, a way to regroup and come back again. A quote by David Dinkins.
In August, 2016 there were 2,254 bankruptcy filings in the Middle District of Florida. The source is uscourts.gov.
Money often costs too much. A quote by Ralph Waldo Emerson.