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The company who owns Beautyrest Mattresses, Simmons Co., has already brought forth its plans on filing for Chapter 11 bankruptcy . This has yet again resulted from change of consumers’ spending habits putting off purchases for luxury items, personal effects and other expensive products which are not part of the basic necessities in life. Simmons Co. has . . . → Read More: Company of Beautyrest Mattress Announced Plans of Filing Chapter 11 Bankruptcy September 15, 2008 was the day the Lehman Brothers filed for Chapter 11 bankruptcy . This move came after many meetings with banks, financial institutions and other organizations which were trying to resolve the major financial crisis the Lehman Brothers were facing. However, the problem has reached a point that bankruptcy was the ultimate direction to . . . → Read More: One Year After the Lehman Brothers Bankruptcy The world-renowned luggage maker Samsonite Co. retail stores have filed bankruptcy as part of its reorganization plans. Filing bankruptcy by the company was due to the effects of the global economic recession which lead to consumers cutting down on their budget for leisurely trips. The company’s bread-and-butter is with travel gears which makes it a direct target . . . → Read More: Samsonite Retail Unit Filing Bankruptcy |
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