National Home Centers
- Filed Chapter 11 on December 8, 2009
- Plans to close three Arkansas stores by the end of March 2010, leaving it with seven stores.
- Filed Chapter 11 on December 8, 2009
- Plans to continue operating stores during the reorganization process.
- Filed Chapter 11 on December 29, 2010
- Gift cards were honored at 50% of their value for a limited period of time and then will have no redemption value for customers
- Expects to continue operating its 7 stores in Massachusetts, Connecticut, and Rhode Island and emerge from Chapter 11 after restructuring its finances
- Filed Chapter 11 on December 30, 2009
- The Chapter 11 filing was largely motivated by a legal judgment against them that ordered them to pay around $800,000 for a wrongful termination.
- Plans to continue operating 36 franchise-owned restaurants and close 3 company-owned restaurants by the end of January, 2010.
- Filed Chapter 11 on January 11, 2010
- Will continue operating 69 restaurants in California, Arizona, Colorado, and Washington during reorganization
- Hopes to renegotiate the terms of a loan which requires it to maintain a designated profit level.
- Filed Chapter 7 on January 12, 2009
- Will close down 184 portrait studios, most of which are located inside Babies 'R Us locations.
- Filed Chapter 11 January 14, 2010
- Requested to begin going out of business sales and plans to close down all 15 stores located in Connecticut, Rhode Island, and Massachusetts
- The request to close all 15 stores was approved on January 15, 2009 and liquidation sales started the next day.
- Court granted permission to honor gift cards, rebates, deposits and extended warranties, which was funded by a personal financial contribution from CEO Milton Rosenberg, son of the company's founder.
- Filed Chapter 11 on January 21, 2010
- Plans to continue to operate its four stories located in three sates. [li[The Chapter 11 filing was mostly in response to disputes the company has with Bank of America fees and interest.
- Filed Chapter 11 on January 22, 2010
- Intends to continue operating its 225 company-owned locations. The reorganization does not involve its franchise locations.
- Filed Chapter 11 on January 27, 2010
- Secured debtor-in-posession financing of $52 million, subject to court approval
- Has devised a plan to swap debt for equity, which will eliminate its $142 million debt load, which will allow the company to save $14.2 million in interest each year.
- Plans to continue operating its 179 restaurants which are located in 28 states. Wants to renegotiate leases, but if unsuccessful, will close stores with inflated leases.
- Filed Chapter 11 on February 6, 2010
- The 184 Movie Gallery stores that operated in Canada are excluded from the bankruptcy filing.
- Requested the cancellation of 856 store leases as part of the Chapter 11 reorganization.
- Will close 760 additional stores
- Anticipates having no money to pay its 10,000 unsecured creditors
- Filed Chapter 11 on February 6, 2010
- Operates 20 restaurants in six states
- Loyal customers organized a "pay it forward" event at the chain's Oregon location
- Chain hopes to continue operating all restaurants after reorganizing debt structure
(See also the 2009 U.S. Retail Industry Chapter 11 list)
