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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles see all

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  • Elephant Bar closes in Burbank, restaurant's parent company files for bankruptcy

    Elephant Bar closes in Burbank, restaurant's parent company files for bankruptcy
    Downtown Burbank restaurant Elephant Bar quickly and quietly went out of business recently, along with more than a dozen other locations, as its parent company filed for Chapter 11 bankruptcy protection.
  • Owner of Glendale's Seeley building files for bankruptcy

    Owner of Glendale's Seeley building files for bankruptcy
    The owner of the historic Seeley's building, which underwent six years of renovations before opening with office lofts about six months ago, has filed for Chapter 11 bankruptcy protection. The building, located at 1800 S. Brand Blvd., was built in...

    Briefly In Business: Executives to stay with General Growth

    Two top executives with General Growth Properties Inc., owner of the Glendale Galleria, will stay with the company for up to a year after the company's expected emergence from bankruptcy this month. Chief Executive Adam Metz and President and Chief...

    Verdugo Mental Health says its bankrupt

    Verdugo Mental Health — an agency that provides counseling and mental health services to thousands of people in Burbank and Glendale — has filed for bankruptcy, but the facility’s leaders say a new operator will step in before a single...

    Employees buy, reopen bankrupt restaurant as part-owners

    Employees buy, reopen bankrupt restaurant as part-owners
    The Granada restaurant, a Victory Boulevard landmark for nearly 40 years, re-emerged from an eight-month closure Monday with sizzling fajitas, cold margaritas and new owners who will probably look familiar to longtime patrons. A group of employees bought...