Raleigh and Cary K&S Cafeteria has filed for Chapter 11 bankruptcy protection but is not planning to close its two area stores. The company, which is legally K&S Cafeteria at Tower, Inc., filed in U.S. Bankruptcy court last week. It currently operates one store in Raleigh on Bastion Lane and one in Cary at South…
Continue reading ›An Irish pub that has been a mainstay in Cary for a decade has filed for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the Eastern District of North Carolina, but the owner says the business will remain open. Connolly’s Irish Pub owner David Molee said the economic downturn hurt the business,…
Continue reading ›Falls Village Golf is trying to reorganize as it seeks protection from creditors. The New Jersey company, which runs the 10-year-old golf club off Falls Village Lane in Durham, has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court. The company listed 2.58 million in assets. It owes creditors at least $14.8 million, court…
Continue reading ›The economic downturn claimed its biggest victim as General Motors filed for Chapter 11 Bankruptcy on June 1, 2009 in the United States Bankruptcy Court for the Southern District of New York. GM’s bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company said it has $172.81 billion…
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