Discount retailer Big Lots has filed for Chapter 11 bankruptcy, the company announced Monday. “We are proud of the work we do every day across Big Lots to provide our customers with unmistakable value and exceptional savings, as well as building stronger communities through our philanthropic efforts,” said Bruce Thorn, President and Chief Executive Officer, in a statement Monday. “The ...

The Italian-American restaurant chain Buca Di Beppo announced Monday that it has filed for Chapter 11 bankruptcy. About $1.36 million of the Orlando-based company’s debt is for gift cards that customers have not yet used. The total amount owed to creditors ranges from $15 million to $50 million, according to a court filing from Buca Di Beppo. Along with the ...

Rite Aid is set to yet again shut down over 70 stores across the nation this year due to financial hardships. Will we lose our one and only location?  Over 70 Rite Aid stores nationwide are set to be closed across the United States as a part of the retailer’s voluntary bankruptcy, however Santa Clarita’s lone remaining location is expected ...

Editorial By Carl Goldman Four major businesses in the Santa Clarita Valley filed for bankruptcy in 2023 as the costs of living and owning a business in California continues to climb.    It’s been a rough year for many Santa Clarita businesses. The struggling national economy is challenging. Interest rates have pushed the cost of borrowing money sky high, making it ...

Host: Rich Szerman Topic: Debt Ceiling and Bankruptcy Advice The Real Estate Fix With Rich Szerman – Bankruptcy Expertise– May 12, 2023 Guest: Louis Esbin On today’s episode of The Real Estate Fix with Rich Szerman, Rich opens up the show with the usual market updates. Currently, the housing market has shrunk by roughly 33%, causing there to be a ...

Host: Rich Szerman Guest: Lou Esbin, Bankruptcy Attorney of The Law Offices of Lou Esbin Topic: Bankruptcy & Zombie Seconds The Real Estate Fix With Rich Szerman – Bankruptcy & Zombie Seconds – March 17, 2023 On this episode of The Real Estate Fix with Rich Szerman, Rich welcomes special guest Lou Esbin, bankruptcy attorney to discuss bankruptcy & zombie ...

Are you considering filing for bankruptcy but concerned about which debts will be discharged and which won’t? You’re not alone. Many people who are considering bankruptcy have the same question. The good news is that you can discharge most types of debt in bankruptcy. This includes credit card debt, medical bills, and personal loans. However, there are some types of ...

Unibail-Rodamco-Westfield (URW)  has missed the deadline to pay off a $195 million loan in connection with Santa Clarita’s Valencia Town Center Mall.  The loan, which was a CMBS loan provided by UBS and Barclays, was reportedly due to be paid off this month by the URW company, according to a Trepp report.  According to the Real Deal, a new site ...

It’s difficult to enjoy life if you’re lugging around big credit card balances, often finding it hard to make minimum payments – if you can make payments at all. If it’s any solace, you’re not alone. In fact, 72 percent of U.S. residents are stressed out about money, according to the American Psychological Association. Of them, 22 percent are extremely ...

Host: Mina Kuper, Realtor Topic: Bankruptcy and Digital Concepts Guests: Mark J. Markus and Abby Perez