This is a complete list of the major U.S. retail industry companies that have filed for Chapter 11 bankruptcy protection of Chapter 7 liquidation in 2008 and 2009. The most recent updates are indicated by bold text. (Updated 12-15-09.)
Castle Megastore
- Filed Chapter 11 in March, 2003
- The bankruptcy filing was reportedly intertwined with what was identified as a Ponzi scheme involving American National Mortgage Partners
- The company's reorganization plan was accepted by the bankruptcy court on May 19, 2009
- Mark A. Franks took ownership and will serve as the company's president and CEO
- The retail stores will continue operating and the company will retain its corporate offices in Tempe, AZ
- Filed Chapter 11 in 2004, and again on January 15, 2009
- Complete details and updates of all steak restaurant Chapter 11 filings
- Filed Chapter 11 on January 22, 2008
- Complete details and updates of all steak restaurant Chapter 11 filings
- Filed Chapter 11 on February 4, 2008
- Business was sold to an affiliate of NRDC Equity Partners (NRDC also had a major ownership in bankrupt Linens 'n Things)
- Filed Chapter 11 on February 5, 2009
- Liquidation of of 20 stores in four states began February 26, 2009
- Filed Chapter 11 on April 3, 2008
- Secured interim financing, with an intent to sell the company in early 2009
- Sold the chain for $55 million to invesment group on March 30, 2009
- After emerging from Chapter 11, the new owners plan to continue operating the 267 restaurants in 25 states
- Filed Chapter 11 on June 9, 2008
- Emerged from Chapter 11 on October 20, 2008
- Began liquidation of 218 stores on January 9, 2009
- Filed Chapter 11 on June 23, 2008
- Began liquidation of stores on August 13, 2008 at 373 stores
- Filed Chapter 11 on June 30, 2008
- Complete details and updates of all steak restaurant Chapter 11 filings
- Filed Chapter 7 bankruptcy on July 29, 2008
- Complete details and updates of all steak restaurant Chapter 11 filings
- Filed Chapter 11 on August 24, 2008
- Emerged from Chapter 11 on October 24, 2008
- 40 new store openings are planned for 2009
- Filed for Chapter 11 on September 3, 2008
- Converted to Chapter 7 bankruptcy on September 24, 2008
- Filed Chapter 11 October 2, 2008
- Bankruptcy hearing on June 22, 2009
- Maui Divers Jewelry has bid $1 million for the Hilo Hattie brand and seven stores still operating on the Hawaiian islands
- Filed Chapter 11 on October 22, 2008
- Complete details and updates of all steak restaurant Chapter 11 filings
- Filed Chapter 11 on November 10, 2008
- Began liquidation of 567 stores on January 19, 2009
- Filed Chapter 11 on December 1, 2008
- Closing three of its eight stores, putting 23 employees out of work
- Renegotiated debt from $1 billion to $300 million
- Hopes to emerge from Chapter 11 with a $30 million credit line and $45 million in cash
- Filed chapter 11 on December 4, 2008
- Sold at auction on January 16, 2009 to Art.com Inc. for $1.63 million
- ArtSelect.com now automatically redirects customers to Art.com
- Filed Chapter 11 on December 4, 2008
- Sold in auction to Yelong Fang
- Emerged from Chapter 11 as Longhua USA Inc DBA/iFLOOR.com in March, 2009
- Filed Chapter 11 on December 22, 2008
- Layed off 200 employees of its 16,000 employees, but continued to operate 270 travel plazas and fuel stations located in 41 states
- Closing 7 restaurants in five states
- Secured $100 million debtor-in-possession financing from Pilot Travel Centers LLC
- Announced merger agreement with Pilot Travel Centers on July 14, 2009 in which Pilot would acquire the Flying J's travel plaza business, valued at $3.3 billion, in exchange for $300 million to $500 million in cash, plus equity in Pilot
- CEO J. Phillip Adams stepped down in January, 2009 and was replaced by Crystal Call Maggelet
- Put its Bakersfield refinery, Flying J Oil & Gas, and Haycock Petroleum up for sale
- Sold Longhorn Pipeline for $350 million
- Is merging 270 travel centers with itw rival, Pilot Travel Centers, with Pilot as the majority owner
- Plans to emerge from bankruptcy in January 2010
- Will sell its crude oil refinery in Utah to help pay down its debt.
- Sold its Longhorn pipeline in Texas.
- The company's oil refinery in Bakersfield has also been put up for sale.
- Filed Chapter 7 bankruptcy December 26, 2008
- Closed 15 stores on December 26th, and re-opened the stores on January 20, 2009 for liquidation sales.
- Filed Chapter 7 bankruptcy on December 31, 2008
- 12 stores operated in the U.S. for just seven months
- The company had assets of $9.7 million against debt of $54.4 million. The U.S. bankruptcy did not affect the 70 Plastinina stores in Russia.
- Filed Chapter 11 on January 14, 2009
- Sought to sell the business or secure third party investors for financing
- Was auctioned to liquidation company, Great American Group
- Liquidation of $280 million of inventory in 58 stroes began April 3, 2009
- 13 retail spaces sold to Forever 21 on June 10, 2009
- Filed Chapter 11 January 23, 2009
- Closed one restaurant and continues to operate 7 locations
