Plastc Failure: Will More Startups File for Bankruptcy Protection?


by Fortune

Crowdfunding presents risks for both sides of the equation.

Read it at Fortune


KSBW reports:

Shoe chain Payless files for bankruptcy protection

Shoe chain Payless ShoeSource has filed for Chapter 11 bankruptcy protection, becoming the latest retailer to succumb to increasing competition from online rivals like Amazon.

WTOP reports:

Toshiba says Westinghouse files for bankruptcy protection

TOKYO (AP) — Japan’s embattled Toshiba Corp. said Wednesday that its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection, marking a key step in its struggles to stop the flow of massive…

The post Toshiba says Westinghouse files for bankruptcy protection appeared first on WTOP.

ABC News reports:

Toshiba says Westinghouse files for bankruptcy protection

Japan's embattled Toshiba Corp. said Wednesday that its U.S. nuclear unit Westinghouse Electric Co. has filed for bankruptcy protection. Toshiba said in a statement that it filed the chapter 11 petition in the U.S. Bankruptcy Court of New York. The move had been largely expected. ...