Has Stitches (XRX Inc.) Filed for Bankruptcy?
XRX, Inc., producers of the Stitches shows, has filed for bankruptcy. The announcement was made on the company’s website yesterday.
Stationery Community Rallies Together After Paper Source Bankruptcy Announcement
Small stationery designers received a shock last week when Paper Source, a popular retail chain and dream customer for many small makers, declared bankruptcy. The company, which is now planning to sell itself to lenders and close 11 of its retail locations, has stated that pandemic-related debts caused this decision.
F+W Craft Communities Have Been Auctioned Off to Macanta Investments
In a bankruptcy auction that took place today Macanta Investments, a private investment partnership based in New York City, was the successful bidder for the largest portion of the Crafts Community with a bid of $2,850,000.
What to Do When the Company You’re Working With Files for Bankruptcy
Navigating your way around a bankruptcy filing is tough, but it will be easier if you understand some basics about U.S. bankruptcy law.