Ritz Camera Files Second Bankruptcy

Ritz Camera & Image, the Washington, D.C. based photography retail chain, filed for chapter 11 bankruptcy protection last month for the second time in just 3 years.  Founded in 1936, Ritz built a profitable business by selling cameras and then processing film for its consumers.  As discussed  an earlier submission to this blog, Kodak similarly filed the […]

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by H. Joseph Acosta, Esq.

Where Are the Bankruptcy Filings (Part II)?

The 4th quarter of 2011 was the quarter of massive bankruptcies. A variety of economic pressures, such as decreased demand, the impact of rising commodity prices, and concern over the Euro zone contagion, became too much for even some of the biggest American companies to survive. On October 31st, MF Global led the onslaught of […]

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by H. Joseph Acosta, Esq.