bankruptcy

The retail landscape has changed dramatically in recent years, and Toys R Us has been trying to maintain its foothold in the industry amid a heavy debt load and the rise of online shopping.

Late Monday, the largest U.S. toy chain filed for Chapter 11 bankruptcy protection in Richmond, Va. The move had been expected.

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Personal bankruptcy filings increased across the region last month.

Bridal store chain Alfred Angelo is back in court Thursday morning.

Days after dozens of Alfred Angelo Bridal stores closed with little or no warning, brides and their loved ones have been struggling to track down dresses they've paid for — and making contingency plans if they can't find them.

Alfred Angelo reportedly closed all of its 61 bridal stores at the end of business Thursday night as part of its plan to file for bankruptcy, infuriating customers and leaving employees in the lurch. The lawyer handling the case says she has received more than 7,000 emails about it.

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Five local Payless stores will be closing, as the shoe chain is the latest to chafe financially because of the continuing consumer shift from in-store shopping to online retailing.

For many people, these remain hard times and they can potentially lose their homes or need bankruptcy for a financial life line. On this week's edition of You & The Law, attorney Keisha Williams is talks about what legal help is out there.


Bankruptcy started as a way for a person to re-start financially, to erase debts.

When a business goes bad, the owners may need a lawyer.

On this week's edition of You & The Law, attorney Gary Bluestein talks with WBFO's Mike Desmond about taxes and bankruptcy.

Niagara Falls carrier Direct Air files for bankruptcy

Mar 16, 2012

Direct Air, which suddenly suspended its flights this week into and out of Niagara Falls International Airport, filed for bankruptcy today.  The Myrtle Beach, South Carolina-based airline is seeking Chapter 11 protection. 

Papers filed with a bankruptcy court in Massachusetts indicate liabilities between $10 million and 50 million.  The Buffalo News reports Direct Air owes $88,000 in landing fees to the Niagara Frontier Transportation Authority.