Crabtree & Evelyn Ltd has filed for Chapter 11 bankruptcy protection, citing the recession and management problems as key reasons. According to the acting president, managment changes have hurt business.

The company reported its debts at $46.2 million and its assets at $31.7 million according to March 31 numbers. The company currently runs 126 retail locations and has said nothing about closures or layoffs.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

Milacron Inc of Cincinnati filed for Chapter 11 bankruptcy protection in March of this year, claiming assets of about $175 million. In US Bankruptcy Court, the sale of those assets was recently approved by a judge.

Milacron’s assets will be sold to Avenue Capital Group and DDJ Capital Management LLC by the end of July. As part of the deal, the buyers will repay Milacron’s debtor in possession loans as well as assuming their other liabilities.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

FirstPlus Financial Group filed for Chapter 11 bankruptcy protection in the Northern District of Texas. The company cited expenses from litigation and a lack of revenue from subsidiaries as the primary causes of the filing.

FirstPlus Financial listed assets in a range between $10 million and $50 million and liabilities in a range between $1 million and $10 million. The length of time that the restructuring will take was unreported.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

A local group of merchants is raising money to gain control of Faneuil Hall Marketplace. So far, the group has raised about $20 million through contributions and donations from merchants, celebrities and the public.

Faneuil Hall is owned by General Growth Properties Inc, the nation’s second largest mall operator. In April, General Growth filed for bankruptcy after being unable to sell properties including Faneuil Hall.

If the deal goes through, many local merchants could be greatly aided. If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

Isolagen Inc filed for Chapter 11 bankruptcy protection last week. The biotechnology company is developing a therapy to treat wrinkles and skin conditions and is continuing to operate as a debtor in possession.

The company is borrowing $2.75 million for general corporate purposes. Final approval of the company’s financing proposal will be decided at a hearing on July 6. Isolagen Inc will then continue with the bankruptcy process.

If you are consdering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

Chapter 13 bankruptcy protection can be a very helpful way to get out of debt. Unlike a Chapter 7 bankruptcy filing, the debtor repays the creditors through a restructured agreement.

This type of bankruptcy filing allows debtors to continue paying off their debt in a way that is financially easier. Often, these bankruptcies require a great deal of communication with creditors.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

Filene’s Basement filed for bankruptcy and held an auction in early May, agreeing to sell its stores and assets to Crown Aquisitions for $22 million. However, Men’s Wearhouse then bid $67 million for those assets.

Crown Aquisitions claimed that the bid did not follow proper procedure, and a third auction was held under court supervision. Syms won the auction with a bid of $63 million, making them the third owner in as many weeks.

Unfortunately, bankruptcies can sometimes get complicated. If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

The Boston Globe is facing either sale or bankruptcy after losing $50 million last year and an expected $85 million this year. Because of the massive losses, selling the paper is difficult to say the least. Any buyer will have to both pay for the company and take on the forthcoming losses.

Because of this, the company is likely facing bankruptcy. With huge losses and little hope of being bought out, the company faces liquidation. This is important for anyone associated with any newspaper because the Boston Globe is 137 years old with over 300,000 readers, a not insignificant publication.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346.

Retailer Eddie Bauer Holdings may be facing bankruptcy in the near future. The company has experienced three consecutive years of losses and has a heavy debt load on top of that. This may drive them to file as early as this week.

Eddie Bauer reported $2.6 million in cash and $188 million in long term borrowing for the quarter ending April 4. It also reported a loss of $44.5 million in sales in the same time period. However, there is still no definitive answer on whether they will file for bankruptcy.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn  & Associates at 800-975-5346.

The New York Times Co has hired Goldman Sachs to manage the potential sale of The Boston Globe and to request bids for the newspaper. Goldman Sachs said in recent weeks that bids would be accepted starting June 8 no matter what the paper’s largest union had to say.

So far there has been no public interest shown in buying The Boston Globe which has recently had to go into bankruptcy after major financial losses. The future of the paper is currently unknown.

If you are considering bankruptcy, contact the Boston bankruptcy attorneys of Joshua Spirn & Associates at 800-975-5346