Bankruptcy topic page

7:57 pm on Wednesday June 18, 2014

ElectricFoam 5K not happening in Myrtle Beach...or anywhere else

The Electric Foam 5K was supposed to happen at the Myrtle Beach Speedway this past May, but it was canceled at the last minute. The company responsible for the bro-tastic 5K announced yesterday on its website that all scheduled events were canceled...
6:48 am on Monday July 16, 2012

Myrtle Beach RoomStore Furniture is closing, liquidating

The RoomStore of Myrtle Beach is victim to corporate bankruptcy and is selling off its inventory and expects to be fully shut down sometime in early August. The Sun News reports the liquidation sale began this weekend. The RoomStore is owned and...
8:21 pm on Monday October 24, 2011

Homeowners thrown lifeline: New help offered to those owing more than home is worth

(The Post and Courier) "If I wasn't upside-down in what my townhouse is worth, I would definitely refinance," said Becky Groves, a nurse who lives in North Charleston. "It would definitely free up more money, which I could put into savings or...
7:14 am on Saturday June 19, 2010

Ex-politician, Summerville lawyer Goodstein files $61 million bankruptcy

As one would expect there lots of underwater real estate deals involved -- and lots of local banks are getting burned on Arnold Goodstein's bankruptcy too.  Check out the story at The Post and Courier.
4:39 am on Friday May 14, 2010

Bi-Lo secures funds for bankruptcy transition (updated: bankruptcy transitioned)

Update May 14: Mauldin based Bi-Lo grocery chain has met all closing conditions of its plan of reorganization and plan of arrangement, and after more than a year under bankruptcy protection have emerged from Chapter 11. Update April 21: The...
9:13 am on Monday November 23, 2009

You may soon bid farewell to Bi-Lo, hello to Food Lion (updated x2)

Image by Flickr user ratterrellImage by 20091005-bilo.jpg Update November 23: Bi-Lo has secured $350 million in financing, which seems likely to quell any merger talks for at least the time being and forgoing any unseen obstacles. Learn a bit more...
12:01 pm on Tuesday September 8, 2009

Noisette's major investor may file for bankruptcy

Capmark Financial Group, the major investor in the Noisette Company's redevelopment project in North Charleston reported a $1.6 billion loss last quarter may be filing for bankruptcy. The Noisette Navy Yard project has been plagued with problems for...
3:15 am on Tuesday July 21, 2009

Fashion shop Mary Norton closes up, owes $5 million (updated)

Image by 20090720-mary.jpg It wasn't hard to see that something was amiss when this ad popped up. Updates at the bottom. Two weeks after having a massive store clearance, it appears Charleston's high end fashion designer Mary Norton is done. The...
10:15 am on Thursday May 14, 2009

Three local Chrysler dealerships get axed

Image by ChryslerImage by 20090514-chrysler.jpgAfter closing four plants, bankrupt automaker Chrysler has announced it will close a quarter of it's 3,200 dealerships -- 11 are in South Carolina, and three are in Charleston. Blue locations are...
8:15 am on Thursday March 19, 2009

Remote resort island goes bankrupt (update: now closed)

Image by Flickr user davidburn Image by 20090223-dafuskie.jpg Update March 19: The resort has closed and all operations have ceased until a trustee can resume minimal operations. First reporting: Remote and only accessible by boat, Daufuskie Island...