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business and commercial bankruptcy Archives

The deflation of a once prominent manufacturer

Takata, a Japanese equipment manufacturer struggling since a scandal erupted nearly a decade ago over airbag ruptures, announced that it would file for bankruptcy. The defects were tied to 11 deaths and more than 180 injuries in the United States alone.

The war between brick-and-mortar and mouse-and-keyboard

As online shopping grows in prominence, retail stores are trying to find ways to preserve both their brick and their mortar. They face and increasingly difficult, if not impossible task of replicating the convenience of purchasing pretty much anything without a customer having to leave their house.

Top New Year’s resolutions for getting out of debt

With the recession in Pennsylvania lifting, many people are under the impression that getting out debt will now be simple and easy. Unfortunately, for many Americans, this may not be the case. Time magazine recently reported that, while borrowing on credit cards has dropped since 2008 and is nowhere near its peak, it is still very high. In fact, gradual financial recovery seems to have slowly increased national numbers of debt, with the total amount owed to credit card companies sitting at $935.6 billion nationally.

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