Department store chain Mervyns said on Tuesday that it had filed for Chapter 11 bankruptcy protection “due to the state of the economy and difficult operating environment for our industry.”
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Department store chain Mervyns LLC filed for bankruptcy protection on Tuesday, the latest in a series of merchants stumbling in the harsh retail environment and another blow to the nation’s struggling malls.
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Cue the flashing lights and sirens: Emergency-vehicle maker American LaFrance LLC has put its bankruptcy behind it in relatively short order. The Summerville-based company’s owner, Patriarch Partners, said the 175-year-old manufacturer of fire, rescue and vocational vehicles “emerged successfully” last week from its six-month reorganization.
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CNN’s Gerri Willis answers viewer’s questions on credit unions, bankruptcy and unused scholarships.
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