Photographer: Jason Kirk/Hulton Archive/Getty Images, Non-profit in Louisiana with $100.0M estimated assets, A reverend prepares to bless residents on Holy Wednesday outside St. Dominic Catholic Church in New Orleans, Louisiana, on April 8, 2020. They tried to borrow about $350,000 through the Paycheck Protection Program, but computer problems at their bank spit out the application before it could be processed in time to qualify. ... KPMG was appointed as administrator and the business is expected to be liquidated, according to the CRR. The walls were lined with jerseys and other memorabilia. Some school districts rejected contracts and stopped paying ABA, which serves Nassau and nearby counties under units including Baumann Bus Company, Baumann and Sons Buses, ACME Bus Corp. and Brookset Bus Corp., according to court documents. The company is dealing with falling revenue and long-term leases that donât reflect âCovid-19-adjusted market realities,â it said in court papers filed last month. For nearly 60 years, bargain-hunting New Yorkers and tourists flocked to Century 21 Department Stores in search of deep discounts on designer wares from the likes of Marc Jacobs, Versace and Fendi. While its stores in tourist-heavy outlet malls in New York and Hawaii were performing well, locations that relied more on local shoppers had faltered, the company said. But revenue came to a grinding halt when the pandemic forced fans to stay home and venues to shut down. Are more store closings coming? Pier 1 Imports started its going-out-of-business closing sale May 22, ahead of Memorial Day. Itâs now being bought out of bankruptcy by the Berlin-based owner of the McFit chain. The vast bulk, though, are small and medium-sized businesses scattered across the country. since. ... ©2020 Company Rescue is a trading name of KSA Group Limited. The Las Vegas Monorail usually shuttles 5 million peopleâmostly out-of-townersâup and down the cityâs dazzling strip each year. With most of its sales dependent on travel and tourism, the chain of specialty candy stores has been unable to recover since it was forced to shut its roughly 100 stores in March. But as the coronavirus pandemic roils the industry, more major retailers and restaurant chains have now filed for bankruptcy in the first nine months of 2020 than all of 2019. The company is trying to renegotiate leases to keep its troubled co-working centers operating even though it doesnât know âwhen (and indeed, whether) the U.S. will return to something resembling the pre-pandemic âbusiness as usual.â. This resulted in everything from outright liquidation to financial reshuffling. The U.S. counsel resigned after being left with unpaid invoices. The company tried to keep desks filled by offering discounts and other incentives, but it hasnât worked, according to court papers. As fears of Covid-19 spread in mid-March, some towns and villages around the state barred passenger flights into their communities. Businesses in Administration. Public Notices. By early 2020, Klausner Group, a lumber producer based in Austria, was already running out of options to salvage its sawmill in Live Oak, Florida. Allegations of sexual abuse had been piling up for decades, leading to the removal of dozens of priests and deacons, according to a report the Archdiocese released in 2018. They have since sold their house and moved to Southern California looking for a fresh start at a time when they had expected the diners to subsidize their retirement. Quicklotz is one of the leading wholesale liquidation firms based in New York and Miami. Covid-19 âwas the proverbial ânail in the coffinââ for RTW Retailwinds, owner of apparel chain New York & Co. The listings included on this page are of companies that have gone into administration, CVA or liquidation. The biggest stories in fast food, shopping, and more. But one special high school event wonât have a page in many of their yearbooks: prom. Its 11 annual festivals, which featured demonstrations and hands-on workshops, ground to a halt in March as social gatherings were banned. In the court documents, Father Patrick R. Carr said the Archdiocese faced financial challenges ranging from lawsuits alleging sexual abuse to a drop in âofferings and collections at Masses which are no longer publicly celebrated due to the Covid-19 pandemic.â. Sign up for Insider Retail. The company managers âdo not desire to languishâ in bankruptcy and Diamond âhas the resources, management team, bank support, and industry relationships to reorganize and become a Chapter 11 success story,â attorney Griffin Dunham said. The discount retailer survived early pandemic lockdowns, but was hobbled by a recent surge in cases in California and much of the southern U.S., forcing it to file for bankruptcy on Aug. 12. âThe resurgence of Covid-19 cases in the Southeast, Texas, Arizona and California, where the majority of the companyâs stores are located, again materially, adversely impacted the companyâs revenueâ in July 2020, Chief Executive Officer D. Hunt Hawkins said in court documents. A patchwork of other regional airlines stepped in to take over some Ravn routes and business. Overnight, places that once seemed so hip, with espresso machines, plush lounges and treadmill desks, emptied out. Some had billions of dollars in assets. For Occasion Brands, a retailer that depends on that one night to drive nearly three-quarters of its revenue, the pandemic couldnât have come at a worse time. Nearly 100-year-old Italian leather goods brand Furla drew fans willing to plunk down $428 for a structured crossbody bag or $178 for a wallet. Their insurance company rejected their claim for damages, even though they had paid for loss-of-income coverage. Takeout didnât work. In the meantime, fans of ItâSugarâs gummy creationsâbears, worms, even pizza slicesâare welcome back to the companyâs 22,000-square foot department store in New Jerseyâs American Dream Mall, which reopened in October. Others had only a handful of employees on payroll. Then the statewide closure of bars in mid-March, on top of a long-running landlord dispute, led Two Keys and its owner Seth Bennettâs Sethco LLC into bankruptcy court in July after more than 66 years in business. 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